84. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?
Answer: C
An unlicensed assistant or secretary is NOT permitted to follow up on loan applications with lenders.
Unlicensed assistants or secretaries can perform various administrative tasks, but they are prohibited from engaging in activities that require a real estate license, such as following up on loan applications with lenders.
A) Type contracts for approval
Typing contracts for approval is an administrative task that does not require a real estate license. An unlicensed assistant can perform this function as it involves clerical work rather than negotiations or advice related to real estate transactions.
B) Make telephone calls to request rent payments
Making telephone calls to request rent payments is also within the scope of duties for an unlicensed assistant. This task is administrative and does not involve the practice of real estate, thus it is permissible under the law.
C) Follow up on loan applications with lenders
Following up on loan applications with lenders is not permitted for unlicensed assistants as it involves discussions regarding financing, which falls under activities that require a real estate license. This task is considered a substantive part of the real estate transaction process.
D) Place signs on properties
Placing signs on properties is allowed for unlicensed assistants as it is a physical task related to property advertising. This does not involve any negotiation or real estate advisory, making it permissible under New Jersey Real Estate Licensing Law.
Conclusion
The correct answer is C, as unlicensed assistants cannot engage in activities that require specialized knowledge or licensing, such as following up on loan applications with lenders. Options A, B, and D are permissible tasks that do not violate licensing laws, while C clearly represents a violation of the regulations governing real estate practices.