Agency and License Law Practice Question
Question
A salesperson notices a possible compliance problem for the New Jersey Real Estate Salesperson Exam involving license-required activity and New Jersey Real Estate Commission. Which statement is most accurate for exam purposes? (Item 55)
Answer choices
- A. The party who complains first automatically receives the remedy requested.
- B. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
- C. Identify acts requiring a license when performed for compensation in a way that fits New Jersey exam practice.
- D. The client’s preference eliminates the need to disclose known material facts.
Correct Answer
C. Identify acts requiring a license when performed for compensation in a way that fits New Jersey exam practice.
Explanation
The correct answer is C because license-required activity requires candidates to identify acts requiring a license when performed for compensation. The New Jersey reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: medium
- Domain: Agency and License Law
- Objective: license-required activity