New Jersey License Law

Under NJ law, which body has the power to promulgate (create and amend) rules governing real estate licensees?

AThe NJ State Legislature only
BThe NJREC, under authority delegated by the NJ Legislature through the Real Estate License Act✓ Correct
CThe Governor's office
DThe NJ Supreme Court

Explanation

The NJREC has the delegated authority under the Real Estate License Act to promulgate administrative rules and regulations governing licensee conduct, escrow requirements, advertising, continuing education, and other licensing matters.

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