New Jersey License Law
Which of the following would require a real estate license in New Jersey?
AAn owner renting their own single-family home
BA company that manages multiple residential properties for various owners, collecting rents and negotiating leases for compensation✓ Correct
CA bank liquidating foreclosed properties it owns through in-house staff
DA trustee distributing estate property to heirs without charge
Explanation
A company that manages properties for others—collecting rents and negotiating leases for compensation—is performing licensed real estate activities under N.J.S.A. 45:15 and must hold a broker's license.
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