New Jersey License Law
A NJ real estate broker is responsible for all of the following EXCEPT:
ASupervising affiliated salespersons
BMaintaining proper escrow accounts
CGuaranteeing that all listed properties will sell at list price✓ Correct
DEnsuring advertising complies with NJREC rules
Explanation
A broker cannot guarantee the sale of a property at a specific price—that would be a guarantee of a market outcome beyond the broker's control. Brokers are responsible for supervision, escrow management, and advertising compliance.
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- The NJREC's disciplinary process for a licensed broker begins when:
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- Under NJ law, which of the following is grounds for license revocation?
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- New Jersey real estate licenses must be renewed every:
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