New Jersey License Law
A NJ broker must keep a copy of every listing agreement for a minimum of:
AOne year
BThree years
CSix years✓ Correct
DTen years
Explanation
NJREC regulations require brokers to retain all real estate transaction records, including listing agreements, for a minimum of six years from the date of the transaction or the expiration of the agreement.
Related New Jersey New Jersey License Law Questions
- Commingling in New Jersey real estate refers to:
- Under NJ license law, a person who acts as a real estate broker without a license is subject to:
- A NJ broker who sponsors a team event involving unlicensed support staff must ensure that unlicensed personnel do NOT:
- Under NJ license law, a real estate broker who fails to account for and remit client funds is guilty of:
- A New Jersey real estate broker must retain transaction records for a minimum of how many years?
- In NJ, a licensed broker who closes their office permanently must:
- Under N.J.S.A. 45:15, what is the maximum period a real estate salesperson license may remain inactive before it is considered lapsed?
- New Jersey's real estate license law requires that earnest money deposited with a broker must be:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →