NJ Real Estate 306 Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+

Broker - ️️One who buys and sells for another for a fee. Broker-Salesperson - ️️A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ️️regulations covering out of state properties sold in NJ continuing education - ️️12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ️️Department of Banking and Insurance. 8 members. 5 brokers for at least 10 years, two from general public and one representing the state government Real estate license act - ️️Title 45 chapter 15 Title 11, chapter 5 - ️️NJ real estate license act administrative code Real estate sales full disclosure act - ️️covers the sales of out of state property in NJ referral agent - ️️only allowed to refer prospects to a brokers office referral fee - ️️part of a commission or fee paid to a broker who sends a client salesperson - ️️works under a sponsoring licensed broker doing business in the name of the broker