New Jersey Real Estate License Exam 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 is not a cause for suspension or revocation because New Jersey law allows licensed brokers to pay referral fees to brokers in other states, provided the transaction complies with both states' regulations.
In contrast, option A is a violation, as failing to provide a client with a signed exclusive listing contract undermines transparency and trust, which can lead to disciplinary action. Option B is problematic as well; delivering a consumer information statement after a listing presentation can be seen as misleading, violating consumer protection laws. Option D involves dual agency without proper disclosure, which can lead to conflicts of interest and is a serious ethical breach.
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