New Jersey Real Estate Exam Prep 2026 | Real Estate Practice Questions

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A New Jersey broker discovers that one of their salespersons has been operating under an expired license for the past month. What is the broker's liability?

No liability since the salesperson is responsible for their own license renewal The broker may face disciplinary action for failure to supervise and permitting unlicensed activity The broker is only liable if they were specifically notified of the expiration The broker must pay a fine but cannot lose their license

Correct Answer:

The broker may face disciplinary action for failure to supervise and permitting unlicensed activity

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