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Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:
Suggested Answer: A
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According to NJREC Rules (N.J.A.C. 11:5-6.3 and 11:5-6.4), obligations to the public include:
Dealing honestly and fairly with all parties.
Disclosing material defects known to the licensee.
Protecting and promoting the interests of the principal when acting as agent.
There is no requirement that a licensee must accept ''any reasonable commission'' offered. Commission rates are always negotiable and must be agreed upon voluntarily.
Correct answer = A.
14 comments · newest first
EL
Elise
10 months ago
Honestly, I thought they had to disclose everything!
YO
Yolando
10 months ago
Wait, are you sure about that? Seems off.
TH
Thersa
10 months ago
A) is the correct answer!
LA
Latia
10 months ago
Yeah, I thought all commissions had to be accepted.
ME
Mee
10 months ago
Totally agree, that one doesn't fit.
ST
Stephanie
11 months ago
I remember discussing how protecting the principal's interests is crucial, so I doubt it's D. I might lean towards A being the exception.
TA
Tamar
11 months ago
I practiced a similar question where it was about disclosing defects, and I think that's definitely a responsibility too. So, maybe it's A or D?
BR
Brett
11 months ago
I'm not entirely sure, but I feel like accepting any reasonable commission might not be a strict obligation. Could it be A?
AR
Arthur
11 months ago
I think I remember that licensees have to deal honestly with all parties, so B seems like a responsibility they definitely have.
EM
Emelda
12 months ago
This is a tricky one, but I think I can figure it out. I'll start by identifying the core licensee responsibilities, then eliminate the options that match those to find the exception.
MA
Malcolm
12 months ago
I'm a bit confused by this question. The options all seem like they could be licensee responsibilities. I'll need to re-read the question carefully and think through each option to determine which one is the exception.
HA
Halina
12 months ago
Okay, I've got this. The key is to focus on the word "EXCEPT" in the question. That means I need to find the option that does not match the other licensee obligations listed.
FR
Francis
1 year ago
Hmm, I'm a little unsure about this one. I'll need to review the real estate commission rules to make sure I understand the licensee's responsibilities before I can confidently select the exception.
JO
Johnathon
1 year ago
This one seems pretty straightforward. I'll just need to carefully read through the options and identify the one that is not a licensee's obligation.