PSI New Jersey Real Estate State Practice Exam

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Prepare for the New Jersey Real Estate Exam. Ace your test with comprehensive multiple-choice questions. Each question includes detailed explanations and hints. Start studying today and boost your confidence!

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What is a common consequence of steering in real estate?

Increased property values
Discriminatory practices in housing
Enhanced community development
Open access to all neighborhoods

The correct answer is: Discriminatory practices in housing

Steering in real estate refers to the practice of guiding prospective homebuyers or renters toward or away from certain neighborhoods based on their race, ethnicity, or other protected characteristics. This behavior is a form of discrimination, as it restricts individuals' choices about where to live based on biases rather than their preferences or financial means. The consequence of steering is that it perpetuates segregation and limits diverse communities. It can create an environment where certain groups are unfairly blocked from accessing quality housing and neighborhoods, leading to systemic inequities. As a result, discriminatory practices in housing diminish fair housing opportunities and violate principles established by various housing laws, including the Fair Housing Act. While other options might suggest positive outcomes, steering leads to harmful practices that go against equal access to housing and perpetuate social inequality.