New Jersey Real Estate Exam Practice Question
A broker-in-charge believes that providing a handbook of company policies constitutes adequate training, as every associated licensee has had the required prelicense education, and all are operating as independent contractors. An associated licensee commits a fraud, but claims to not understand the situation due to lack of training, and blames the broker-in-charge. The broker-in-charge argues that it was the associate's responsibility to ask for the broker's help if the associate was unsure about correct procedure. In this case, the
Correct Answer: A
Rationale: In this scenario, both the broker and the associate share responsibility. The broker-in-charge failed to provide adequate training beyond the handbook, which is insufficient for complex situations like fraud. This lack of comprehensive training can lead to misunderstandings and misconduct. The associate, while responsible for seeking clarification, also lacked the necessary support to navigate the situation effectively.
Option B incorrectly places sole responsibility on the broker, ignoring the associate's role. Option C misrepresents the broker's accountability, as all brokers have a duty to ensure their agents are adequately trained. Option D overlooks the broker's obligation to provide guidance, making both parties subject to discipline.
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