New Jersey License Law
If a New Jersey salesperson wants to change sponsoring brokers, what must occur first?
AThe salesperson files with the NJREC independently
BThe current broker must release the license before the new broker can activate it✓ Correct
CThe salesperson must retake the licensing exam
DThe salesperson must complete 6 additional CE hours
Explanation
In New Jersey, the current employing broker must release the salesperson's license before the new broker can request activation. The license is held by the broker, not the salesperson.
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