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Real Estate New Jersey Real Estate New-Jersey-Real-Estate-Salesperson Question # 17 Topic 2 Discussion

New-Jersey-Real-Estate-Salesperson Exam Topic 2 Question 17 Discussion:
Question #: 17
Topic #: 2

Broker P is the sole proprietor of XYZ Realty. P employs five salespersons, all of whom have been practicing real estate for at least two years. Under the license law, if P should die, which of the following actions can be taken?
A.

All sales contracts can be declared null and void and all salespersons will lose their licenses until establishing employment with another broker.

B.

The Real Estate Commission can direct an experienced broker with another firm to conclude all pending business.

C.

The most experienced salesperson can act as broker for a maximum of six months until a permanent replacement broker is licensed.

D.

A salesperson holding a real estate license for at least three years can apply for a temporary broker’s license in order to continue the firm's activity.

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Actual exam question for Real Estate New-Jersey-Real-Estate-Salesperson exam by Onyx1402 at May 1, 2026, 10:08:17 AM

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