Appraisals will no longer be required on certain home sales of $400,000 and under

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Federal Reserve signs off on appraisal rule change, making change official Appraisals under 400k Not Always Needed: For the first time since 1994, certain home sales of $400,000 and under will soon not need an appraisal after federal regulators approved a proposal to increase the threshold at which residential home sales require an appraisal. Last [...]

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Facebook and Instagram Introduce New Features for Businesses

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Two New Features Announced: Facebook and Instagram Introduce New Features for Businesses this week. Two new features which are designed to help businesses make the most of their holiday push. New Templates: The first element is a new set of customizable Stories templates for use across Facebook, Instagram and Messenger. Instagram Direct: Adding on to the capability to [...]

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Ask Elliott 74: Is there an Exit Tax in NJ?

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Ask Elliott: If you are leaving NJ for another state, I heard there is something called an Exit Tax, what the heck is that? They actually tax you to move? [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 50

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11:5-1.3 INSURANCE Amended by R.1989 d.324, effective May 24, 1989. See: 21 N.J.R. 1364(a), 21 N.J.R. 1709(a). Amended by R.1998 d497, effective October 5, 1998. See: 30 N.J.R. 2333(a), 30 N.J.R. 3646(a). Updated the Commission Organization Chart. Amended by R.1999 d.15, effective December 15, 1998. See: 31 N.J.R. 544(a). Updated the Commission Organization Chart. Amended [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 51

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REAL ESTATE COMMISSION 11:5-2.1 4. Orders to Show Cause and complaints issued by the Attorney General’s office charging that a licensee or an unli- censed person has violated provisions of the Real Estate License Act or the Commission’s administrative rules; documents ac- cepted into the agency record in any such proceeding; and the final disposition [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 52

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11:5-2.1 INSURANCE ral agent’s license, or 225 hours in the case of an applicant for a broker’s license and the program was offered by an accredited college or university for credit. 2. No person shall receive credit toward the fulfillment of the salesperson or referral agent prelicensure education requirement for attendance at a broker’s prelicensure [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 58

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11:5-2.2 INSURANCE required instruction is done by guest lecturers. Broker prelicen- sure courses may be taught by up to three instructors, provided that one licensed instructor is designated as having the responsi- bility for the quality of instruction in that course. School direc- tors shall maintain as a business record the names of any persons [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 54

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: – . (4) Advertising and promotions; (5) Community involvement by the company, broker, sales- persons and referral agents; and (6) Insurance including errors and omissions, etc. xvii. Principles of agency including ethics and legal liability, disclosure requirements and case studies (six hours); xviii. Commercial and industrial real estate including small scale, large scale, leasing, [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 57

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REAL ESTATE COMMISSION 11:5-2.2 10.1, unless that person is licensed as an instructor pursuant to N.J.S.A. 45:15-10.5 and this section. 1. Each applicant for licensure as a real estate instructor shall be 18 years of age or older and shall have a background of good moral character, including the absence of any conviction for those [...]

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REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 56

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11:5-2.2 INSURANCE writing with reasons for such action. The applicant may appeal such a decision to the full Commission. N.J.A.C. 11:5-11.10 shall be applicable to all such appeals. (c) Public adult education programs conducted under the aus- pices of a board of education in this State and any college or university accredited as such by [...]

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