New Jersey License Law
A salesperson's license in NJ is issued to the salesperson but is held by:
AThe NJ Real Estate Commission
BThe sponsoring broker✓ Correct
CThe MLS board
DThe county clerk
Explanation
A NJ salesperson's license is issued in the salesperson's name but is held in custody by the employing (sponsoring) broker, who is responsible for the salesperson's activities.
Related New Jersey New Jersey License Law Questions
- Which of the following is a violation under New Jersey real estate license law?
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- Under NJ law, a licensee who moves to a new residence must notify the NJREC of their address change within:
- Which of the following individuals is EXEMPT from the NJ real estate licensing requirement?
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