Under the New Jersey Law Against Discrimination (LAD), which of the following property types is most commonly exempt from its anti-discrimination provisions when the owner personally occupies the premises?
Correct Answer
D) A two-family dwelling where the owner occupies one of the units
Under the NJ LAD, N.J.S.A. 10:5-12, an owner-occupied dwelling of two units or fewer may qualify for a limited exemption from certain anti-discrimination provisions, sometimes called the 'Mrs. Murphy' exemption. When the owner personally lives in one unit of a two-family home and rents the other, the owner may have some latitude, provided no discriminatory advertising is used and no real estate licensee is involved.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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