New Jersey Real Estate Exam Practice Question
According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer
Correct Answer: D
Rationale: Providing a rebate of the commission to a buyer requires clear communication and documentation. A written confirmation of the rebate terms at closing ensures transparency and protects both parties, aligning with legal requirements.
Option A is incorrect because a rebate can be offered by any licensed real estate agent, not just brokers. Option B is misleading; while notation on the contract is important, it alone does not satisfy the legal requirement for documentation at closing. Option C is inaccurate as there is no specific limit on the percentage of the commission that can be rebated, as long as it is disclosed properly.
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