New Jersey License Law
A NJ licensee who is terminated by their broker must be provided with their license by the broker so they can:
APractice real estate independently
BTransfer to a new employing broker and re-activate the license✓ Correct
CKeep the license as a personal memento
DSubmit it to the NJREC for cancellation
Explanation
When a NJ licensee parts ways with a broker, the broker must release the license so the salesperson can place it with a new employing broker and continue to practice. The license follows the salesperson to their new brokerage.
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State-Specific Concepts
License Law
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