New Jersey License Law
When a NJ broker's license expires and they continue to practice real estate, they are subject to:
AOnly a small administrative fee
BDisciplinary action by the NJREC and potential civil and criminal penalties✓ Correct
CAutomatic renewal if they apply within 30 days
DNo penalty for the first offense
Explanation
Practicing real estate without a valid license in NJ is a violation of N.J.
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State-Specific Concepts
License Law
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