New Jersey Real Estate Practice Exam Practice Question
What are Licensee A and B's relationships with ABC Realty?
Correct Answer: B
Rationale: In this scenario, Licensee A and Licensee B's relationships with ABC Realty are defined by their roles. Licensee A is classified as a contractor, indicating a level of independence in their work, while Licensee B is an employee, suggesting a more structured relationship with the company, including benefits and oversight.
Option A incorrectly labels Licensee A as an employee, which misrepresents their independent contractor status. Option C suggests both are contractors, overlooking the distinct employment relationship of Licensee B. Option D inaccurately states that both are employees, failing to recognize Licensee A's contractor role. Understanding these distinctions is crucial for compliance and operational clarity within the real estate industry.
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