New Jersey License Law
Under the NJ Real Estate License Act, conducting a real estate auction requires:
AOnly an auctioneer's license
BEither a real estate broker's license or an auctioneer's license if real property is being auctioned✓ Correct
CNo license
DA NJREC special permit
Explanation
In NJ, real estate auctions may be conducted by a licensed real estate broker or a licensed auctioneer. The specific requirements depend on the nature of the auction and applicable NJ statutes.
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