New Jersey License Law
Under NJREC regulations, a salesperson who changes employing brokers must:
AAutomatically transfer their license to the new broker
BApply for a new license from scratch
CNotify the NJREC and have the new broker submit a transfer application before the salesperson can work for the new broker✓ Correct
DWait 30 days before working for the new broker
Explanation
A NJ salesperson's license is tied to their employing broker. To transfer, the new broker must submit a transfer application to the NJREC.
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