New Jersey Real Estate License Exam 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 the context of real estate regulations, an administrator of an estate is typically involved in managing and distributing assets of a deceased person's estate, which does not require a real estate license.
Option A, operator of a rental referral company, requires a license as it involves facilitating rental agreements. Option B, commercial mortgage broker, also necessitates licensing due to the financial aspects of handling mortgage transactions. Option C, real estate auctioneer, must be licensed to conduct property auctions legally. Thus, only an administrator of an estate operates outside the licensing requirement.
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