New Jersey Real Estate Exam Practice Question
Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file
Correct Answer: B
Rationale: When a salesperson leaves a brokerage, any listings they were involved with remain the property of the original broker. This ensures that the broker maintains control over the listings and the associated client relationships.
Option A is incorrect because transferring the listing file to the new firm would violate the ownership rights of Broker A.
Option C is not applicable, as listings should not be turned into the MLS without the broker's permission.
Option D misunderstands the relationship; the listing belongs to Broker A, not the seller, hence it cannot be given to them by the salesperson.
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