New Jersey License Law
Under N.J.S.A. 45:15, what is the maximum period a real estate salesperson license may remain inactive before it is considered lapsed?
AOne year
BTwo years✓ Correct
CThree years
DFive years
Explanation
Under N.J.S.A. 45:15, a New Jersey salesperson license may remain inactive for up to two years. After that period, the license lapses and the individual must re-qualify.
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