New Jersey License Law
A NJ real estate licensee who is found guilty of 'misrepresentation' under the license act may have their license:
AAutomatically transferred to another broker
BSuspended or revoked by the NJREC after a hearing✓ Correct
CRenewed without penalty at the next cycle
DTransferred to inactive status only
Explanation
Misrepresentation in a real estate transaction is a ground for NJREC disciplinary action. After investigation and a formal hearing, the Commission may impose penalties ranging from a fine and censure to suspension or revocation of the license.
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