Question 85

Delivering a consumer information statement to a seller after having made a listing presentation is NOT a cause for suspension or revocation of a New Jersey real estate license.

This action is permissible and does not violate any regulations that would lead to disciplinary action against a licensee in New Jersey.

A) Failing to provide a client with a copy of the signed exclusive listing contract

This action is a violation of New Jersey real estate laws, as agents are required to provide clients with copies of all signed agreements. Failing to do so can result in suspension or revocation of a real estate license.

B) Delivering a consumer information statement to a seller after having made a listing presentation

This action is compliant with New Jersey regulations and is intended to inform consumers about their rights and the services offered. It does not constitute a violation that would warrant suspension or revocation of a real estate license.

C) Payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state

This practice is regulated and can lead to penalties if not conducted in accordance with the law. Engaging in improper referral fee arrangements can result in disciplinary actions against a broker's license.

D) Collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

This situation can create a conflict of interest and is heavily regulated in New Jersey. Failure to properly disclose such arrangements can lead to suspension or revocation of a real estate license.

Conclusion

Option B is the only action listed that does not lead to suspension or revocation of a New Jersey real estate license, as it aligns with the requirement to inform consumers. In contrast, Options A, C, and D involve violations of real estate regulations, making them significant causes for disciplinary action. Therefore, B is definitively the correct answer as it reflects a lawful practice within the real estate profession.