New Jersey Real Estate Practice Exam Free Practice Question
Which of the following statements about branch offices is INCORRECT?
Correct Answer: C
Rationale: Option C is incorrect because branch offices must have a single designated supervisor who holds the appropriate license, ensuring consistent oversight and accountability.
Option A is correct as it mandates that the name of the branch office supervisor be documented with the commission, promoting transparency and regulatory compliance.
Option B is also accurate; a licensed broker-salesperson must supervise the office full-time to maintain effective management and support for the sales team.
Option D is true, as the employing broker retains ultimate responsibility for all licensees at the branch, ensuring accountability in operations and adherence to regulations.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now