Question 82

An unlicensed assistant or secretary is NOT permitted to follow up on loan applications with lenders.

Under the New Jersey Real Estate Licensing Law, unlicensed assistants or secretaries may perform various tasks within the scope of their duties; however, they are not permitted to follow up on loan applications with lenders.

A) Type contracts for approval

Typing contracts for approval is a permissible task for an unlicensed assistant. This activity involves clerical work that does not require a real estate license, as it does not involve negotiating or advising on the contracts themselves.

B) Make telephone calls to request rent payments

Making telephone calls to request rent payments is also allowed for unlicensed assistants. This task is administrative in nature and does not involve any licensed real estate activities, thus falling within the permissible duties of an unlicensed individual.

C) Follow up on loan applications with lenders

Following up on loan applications with lenders is not permitted for unlicensed assistants. This activity involves substantive communication about financial matters and requires licensed knowledge of real estate finance, making it a task that must be performed by a licensed individual.

D) Place signs on properties

Placing signs on properties is a task that unlicensed assistants can perform. This action is considered a part of property management and marketing that does not require a real estate license, thereby making it a compliant responsibility for an unlicensed assistant.

Conclusion

The correct answer is C, as following up on loan applications with lenders involves licensed activities that require specialized knowledge and legal authority. Other options, such as typing contracts, making calls for rent, and placing signs, involve administrative tasks that do not necessitate a real estate license, thereby making them permissible for unlicensed assistants.