New Jersey License Law
Under NJ license law, a licensee who changes their employing broker must:
AFile a new license application
BRetake the licensing exam
CNotify the NJREC and obtain a transfer✓ Correct
DWait until the next renewal period
Explanation
When a NJ licensee changes brokers, the licensee and new broker must notify the NJREC and complete a license transfer. The licensee cannot practice until the transfer is processed.
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