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New Jersey · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 New JerseyNew Jersey licensees must advertise truthfully and identify the brokerage in their advertising so the public is not misled about who is offering the property. A salesperson advertises under the supervision and name of the sponsoring broker rather than independently, and blind ads that hide the broker's identity are not permitted. Brokers must keep accurate transaction and trust-account records available for inspection by the REC, and these records must demonstrate that client escrow funds were properly held and never commingled.
Yes. State License Law is a scored domain on the New Jersey real estate licensing exam, and this topic appears in the state license-law portion.
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New Jersey applies its own license law on top of the national portion. This page covers the New Jersey rules specifically, which is what the state section of your exam tests.