New Jersey License Law
The NJ Real Estate License Act (N.J.S.A. 45:15) requires real estate brokers to maintain records for:
A1 year
B3 years
C6 years✓ Correct
D10 years
Explanation
NJ brokers are required to maintain transaction records (contracts, correspondence, financial records) for a minimum of 6 years.
Related New Jersey New Jersey License Law Questions
- Which of the following describes a 'designated broker' in a NJ real estate firm?
- Which of the following describes a net listing in New Jersey?
- What is the minimum age requirement to obtain a New Jersey real estate salesperson license?
- When a NJ broker's license expires and they continue to practice real estate, they are subject to:
- The NJREC is housed under which New Jersey state department?
- A NJ broker must keep a copy of every listing agreement for a minimum of:
- A licensee who violates the NJ Consumer Fraud Act in a real estate transaction may be subject to:
- What is the minimum passing score required on the New Jersey real estate salesperson exam?
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 →