New Jersey Real Estate License Exam Practice Question
A broker may legally refuse to accept a listing
Correct Answer: A
Rationale: A broker may refuse to accept a listing at any time for any legitimate reason, such as concerns about the property's marketability or the broker's capacity to represent the seller effectively.
Option B is incorrect because a broker can decline listings for reasons beyond just illegal instructions, including personal or business considerations.
Option C is also misleading; while clear title is important, brokers may refuse listings for various other legitimate reasons unrelated to title issues.
Option D is inaccurate; while owners have the right to representation, brokers are not obligated to accept every listing presented to them.
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