New Jersey Real Estate Practice Exam Practice Question
which of the following actions can be taken?
Correct Answer: D
Rationale: Option D is valid as it allows a seasoned salesperson to apply for a temporary broker's license, ensuring that the firm's operations can continue smoothly while a permanent broker is sought. This provision supports business continuity and protects clients’ interests.
Option A is incorrect; declaring all contracts null would harm clients and disrupt the market without justification. Option B is not feasible as the Real Estate Commission does not assign brokers to conclude pending business; this is typically the responsibility of the firm. Option C misrepresents regulations, as a temporary broker must be licensed, and a salesperson cannot act in that capacity without proper credentials.
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