New Jersey Real Estate License Exam Practice Question
In the absence of any specific written agreement and without their own buyer's agent, New Jersey real estate licensees are presumed to represent:
Correct Answer: B
Rationale: In New Jersey, real estate licensees are presumed to represent the seller when no specific written agreement exists and the buyer lacks their own agent. This presumption ensures that sellers receive honest and fair dealings throughout the transaction process.
Option A is incorrect because it suggests the licensee represents the buyer, which contradicts the default presumption in the absence of an agreement. Option C misinterprets the role of licensees; they do not represent the state but must comply with its regulations. Option D is also inaccurate, as licensees do not represent lenders but rather facilitate transactions between buyers and sellers.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now