New Jersey Real Estate Practice Exam Free Practice Question
Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?
Correct Answer: C
Rationale: Option C does not lead to suspension or revocation because paying referral fees to out-of-state brokers is permissible under New Jersey law, provided certain conditions are met.
In contrast, option A is a violation as failing to provide a signed exclusive listing contract undermines transparency and client trust. Option B is problematic because delivering a consumer information statement after a listing presentation can lead to misunderstandings about the services provided. Option D is a conflict of interest, as representing both parties while collecting commissions from each can compromise the agent's impartiality and is strictly prohibited.
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