New Jersey License Law
A NJ broker may pay a referral fee to a licensed real estate broker in another state:
AOnly if the other state's broker is also NJ-licensed
BYes, provided the out-of-state broker holds a valid license in their home state and does not conduct any NJ-specific licensed activities✓ Correct
CNever under any circumstances
DOnly with NJREC written approval for each transaction
Explanation
NJ brokers may pay referral fees to licensed out-of-state brokers, provided the out-of-state licensee holds a valid license in their state and does not perform any activity in NJ that requires a NJ license.
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