New Jersey License Law
The New Jersey Real Estate Commission may suspend or revoke a license for:
ACharging a commission higher than the market average
BMisrepresentation, fraud, or commingling of funds✓ Correct
CDeclining to represent a client in a transaction
DRepresenting buyers in multiple transactions simultaneously
Explanation
The NJREC has authority to discipline licensees for misrepresentation, fraud, deceit, commingling of client funds, violations of license law, and other specified misconduct.
Related New Jersey New Jersey License Law Questions
- A NJ real estate licensee who practices real estate under a trade name must:
- The NJREC is housed under which New Jersey state department?
- A NJ licensee advertising real estate services must include which information in all advertising?
- Under NJ license law, a licensee who changes their employing broker must:
- A licensee who violates the NJ Consumer Fraud Act in a real estate transaction may be subject to:
- In New Jersey, an 'irrevocable consent to service of process' filed with the Commission allows the Commission to:
- A NJ broker opening a branch office must:
- A NJ broker who fails to renew their license within 30 days after expiration must:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →