New Jersey License Law
Under NJ law, a real estate licensee who receives compensation from both the buyer AND the seller in the same transaction without proper disclosure is:
AEntitled to double compensation
BViolating NJ license law and potentially RESPA by receiving undisclosed compensation from multiple sources✓ Correct
CPermitted if the amounts are equal
DPermitted if the buyer consents
Explanation
Receiving compensation from both buyer and seller (dual compensation) requires full written disclosure to and consent from both parties. Undisclosed dual compensation violates NJ fiduciary duties, license law, and potentially RESPA's anti-kickback provisions.
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