New Jersey License Law
In NJ, an unlicensed person who receives compensation for negotiating a commercial lease:
AIs permitted if the transaction is over $1 million
BIs violating NJ's real estate license law, which requires a license to negotiate leases for compensation✓ Correct
COnly needs a NJ contractor's license
DMust obtain written permission from the NJREC first
Explanation
N.J.S.A. 45:15 requires a real estate license to negotiate commercial leases for compensation. An unlicensed person who receives payment for negotiating a lease is acting in violation of NJ license law.
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