New Jersey Real Estate Practice Exam Practice Question
A seller wants to include a stipulation in a listing agreement stating that the broker will not cooperate with other licensees. In this situation the broker MUST:
Correct Answer: B
Rationale: In this scenario, a broker cannot accept a listing agreement that restricts cooperation with other licensees, as it violates industry standards and can limit market exposure for the property. Option B accurately reflects this requirement, ensuring ethical practices are upheld.
Option A is incorrect because a waiver does not resolve the fundamental issue of cooperation restrictions. Option C, while offering a valid concern, does not address the legal implications of such a stipulation. Option D is misleading; simply crossing out references does not legally validate the listing and could lead to disputes.
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