New Jersey License Law
Under NJ license law, a person who acts as a real estate broker without a license is subject to:
AOnly a civil fine up to $100
BA penalty of up to $5,000 per violation under N.J.S.A. 45:15-17, plus potential criminal liability✓ Correct
COnly a warning letter
DNo penalty if they acted in good faith
Explanation
Under N.J.
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