New Jersey Real Estate License 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: A real estate licensee can offer a commission rebate to a buyer, but specific conditions must be met. Option D is accurate because it emphasizes the necessity of providing a written confirmation of the rebate terms at closing, ensuring transparency and legal compliance.
Option A is incorrect; while brokers may offer rebates, the law applies to all licensed agents, not just brokers. Option B is misleading; while noting the rebate in the contract may be beneficial, it is not a requirement for legality. Option C is also wrong; there is no specific cap like 50% set by the law, making this option inaccurate.
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