Angela holds a New Jersey broker-salesperson license and has been affiliated with Sunrise Realty for five years. She completes her 12 CE hours and submits her renewal application to the NJREC before June 30. However, Sunrise Realty's broker, who holds the supervising broker license, fails to renew his own broker license before June 30. Under New Jersey law, what is the effect on Angela's license and her ability to practice?
Correct Answer
C) Angela's license remains valid, but she may not engage in any real estate activity until she affiliates with a broker whose license is in good standing.
Under N.J.S.A. 45:15-9 and NJREC regulations, a broker-salesperson's own license status is not automatically suspended merely because the supervising broker's license lapses. Angela's license remains valid because she timely renewed it. However, because a broker-salesperson must be affiliated with and supervised by a licensed broker to engage in real estate activities, Angela cannot lawfully practice real estate while her supervising broker's license is expired. She must affiliate with a new broker whose license is in good standing before resuming practice. Her license itself is valid; her ability to use it is suspended in practice until proper supervision is restored.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
- → Which Wyoming rule applies when an out-of-state salesperson applies for Wyoming licensure?
- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
- → For the Wyoming salesperson state portion, a first-time Wyoming salesperson applicant starts the application process. Which statement is correct?
- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
- → Which Wyoming rule applies when the Commission acts on license issuance and discipline?
- → In Wyoming real estate practice, a written sworn complaint or Commission motion starts a disciplinary matter. What should the licensee remember?
- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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