New Jersey Real Estate Practice Exam Free 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 is permissible when a written confirmation of the rebate terms is presented at closing. This ensures transparency and protects the interests of all parties involved.
Option A is incorrect because it does not specify that the broker must provide the rebate; any licensed agent can do so. Option B is misleading; while notation in the contract is important, it does not fulfill the requirement for written confirmation at closing. Option C is also incorrect, as there is no specific limit stated in the law regarding the percentage of the commission that can be rebated, making this condition unfounded.
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