New Jersey License Law
Which of the following is TRUE about a NJ real estate team operating under a broker?
ATeam members may accept compensation directly from buyers and sellers
BA team is not a separate entity—all members remain licensed under the broker's supervision and the broker is responsible for all team advertising and activities✓ Correct
CTeams must obtain their own separate broker licenses
DTeams are prohibited in New Jersey
Explanation
In NJ, real estate teams operate under the broker's license. Team members remain individual licensees under the broker's supervision; the broker is responsible for team advertising compliance and all activities conducted under the team name.
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State-Specific Concepts
Broker Supervision
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