New Jersey License Law
Under the NJ License Act, a 'referral agent' license allows a licensee to:
AConduct all real estate brokerage activities
BRefer clients to active licensees for a referral fee but not conduct real estate negotiations or other brokerage activities✓ Correct
CManage commercial properties independently
DOperate their own brokerage
Explanation
NJ's referral agent license (available to inactive licensees meeting certain conditions) allows the holder to refer potential clients to active real estate licensees in exchange for a referral fee, but prohibits active brokerage activities like showing properties or negotiating contracts.
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