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Question
Under NJ law, a real estate salesperson must be supervised by...
Correct Answer
A licensed broker
Explanation
According to NJAC 11:5-1.1, all salesperson licensees must work under the direct supervision of a licensed broker. This ensures proper oversight and accountability in real estate transactions...
Learning Resources
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DOM, cap rate, escrow, contingencies, and valuation
Compare the financial implications of each choice
Comprehensive definitions of real estate terms
Estimate monthly payments and total costs