Agency
In New Jersey, when must a real estate agent disclose that they are a licensee if they are buying property for their own account?
AOnly if the seller asks directly
BBefore or at the time of signing any contract or offer to purchase✓ Correct
COnly after the attorney review period
DAt closing only
Explanation
NJ licensees who purchase property for their own benefit must disclose their licensed status to the seller before or at the time of entering into a contract. Failure to do so could constitute misrepresentation and subject the licensee to NJREC discipline.
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