New Jersey License Law
A NJ real estate company licensed as an LLC must have at the minimum how many licensed broker associated with it?
AOne licensed broker designated as the broker of record✓ Correct
BTwo brokers minimum
CAll members must be licensed
DNo broker required if all agents are licensed
Explanation
A NJ real estate LLC must designate at least one licensed broker as the broker of record responsible for supervising the firm's licensed activities. This person holds ultimate responsibility for the firm's compliance with license law.
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