Agency
A New Jersey salesperson who is also a licensed mortgage broker in the same transaction must:
AChoose only one role and decline the other
BDisclose the dual role to the buyer and obtain informed written consent✓ Correct
CNotify only the NJREC, not the buyer
DAutomatically recuse themselves from the real estate transaction
Explanation
Acting as both buyer's agent and mortgage broker in the same transaction creates a significant conflict of interest. NJ license law requires full written disclosure to the client and obtaining informed consent before proceeding in both capacities.
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