New Jersey Real Estate Exam Practice Question
Employment agreements between salespersons and their employing brokers must include the
Correct Answer: C
Rationale: Employment agreements between salespersons and their employing brokers must outline the notice period that salespersons are required to give the broker. This ensures clarity and mutual respect in the employment relationship, allowing both parties to plan accordingly for transitions.
Option A is incorrect as it pertains to the broker's obligations, which are not mandated in the agreement. Option B focuses on commission rates but does not address termination specifics. Option D involves post-termination restrictions, which, while important, are not required elements of the employment agreement itself.
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