Maximum fine for committing an unfair trade practice

Maximum fine for committing an unfair trade practice

• A. $500
• B. $1000
• C. $5000
• D. $10000

Answer: (C)

In New Jersey, licensees who engage in an unfair trade practice in real estate face civil penalties set by the Real Estate Commission, with the cap at five thousand dollars per violation. This limit is designed to deter deceptive practices while fitting within the disciplinary framework for licensees. A single act that constitutes an unfair trade practice counts as one violation, and the fine for that violation cannot exceed five thousand dollars. The other dollar amounts fall short of this statutory maximum, or would exceed the cap if applied per violation. So the maximum possible fine for committing an unfair trade practice is five thousand dollars.

In New Jersey, licensees who engage in an unfair trade practice in real estate face civil penalties set by the Real Estate Commission, with the cap at five thousand dollars per violation. This limit is designed to deter deceptive practices while fitting within the disciplinary framework for licensees. A single act that constitutes an unfair trade practice counts as one violation, and the fine for that violation cannot exceed five thousand dollars. The other dollar amounts fall short of this statutory maximum, or would exceed the cap if applied per violation. So the maximum possible fine for committing an unfair trade practice is five thousand dollars.