New Jersey Real Estate Practice Exam Free Practice Question
A person is NOT required to have a real estate license when acting in which of the following capacities?
Correct Answer: D
Rationale: In real estate, specific roles require licensing to ensure professionalism and legal compliance. An **administrator of an estate** manages assets and property as per the deceased's wishes, which does not involve selling or leasing real estate directly, thus no license is needed.
Conversely, an **operator of a rental referral company** (A) must hold a license, as this role involves facilitating rental agreements. A **commercial mortgage broker** (B) also requires a license, as they handle financial transactions related to property. Lastly, a **real estate auctioneer** (C) needs a license to conduct property auctions legally. Each of these roles directly interacts with real estate transactions, necessitating proper licensing.
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