New Jersey License Law

Under NJ law, which of the following is grounds for license revocation?

AFailing to attend a Realtor association meeting

BCommingling client funds with personal funds✓ Correct

CAdvertising only on social media

DRepresenting a buyer in a seller's market

Explanation

Commingling — mixing client/escrow funds with a licensee's personal funds — is a serious violation of NJ license law and can result in revocation.

A neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

License Law

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