Grace is a licensed salesperson in New Jersey who wants to upgrade her license. She has completed the required broker education courses and passed the broker examination. However, she has not yet met the two-year active salesperson experience requirement. Which of the following best describes Grace's situation under New Jersey law?
Correct Answer
C) Grace cannot upgrade her license until she satisfies the two-year active experience requirement, regardless of exam passage
Under N.J.S.A. 45:15-9, to qualify for a broker's license in New Jersey, an applicant must have been actively engaged as a licensed salesperson for at least two years in addition to completing the required education and passing the broker examination. Both requirements must be met before the application can be approved. There is no provisional broker license category in New Jersey.
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Related Topics & Key Terms
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Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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