Posts by Barry Caplan

11:5-3.9 INSURANCE real estate broker and shall not independently maintain an office or escrow account. A broker-salesperson may be authorized to serve as an office supervisor or a branch office in accordance with the provisions of N.J.S.A. 45:15-12. (d) Every applicant for licensure as a broker or broker- salesperson shall present with his or her [...]

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REAL ESTATE COMMISSION 11:5-3.13 See: 4 N.J.R. 17(a). Amended by R.1983 d.471, effective November 7, 1983. See: 15 N.J.R. 1343(a), 15 N.J.R. 1865(c). Reference to a letter and its contents was deleted. Amended by R.1994 d.60, effective February 7, 1994 (operative July 1, 1994). See: 25 N.J.R. 4858(a), 26 N.J.R. 803(a). Amended by R.1998 d.497, [...]

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11:5-3.11 INSURANCE In (a), inserted “Banking, and” and “referral agents,” and substituted “authorized” for “sponsored” following the first occurrence of “employ”, and deleted “authorized” preceding the second occurrence of “broker”; and in (b), inserted “referral agent,”. 11:5-3.11 License transfer and termination procedures (a) For the purpose of expediting the right of licensees to engage in [...]

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Corporations, partnerships and other business $ 200.00 entities Broker of record $ 200.00 Sole proprietor broker $ 200.00 Broker-salesperson $ 200.00 Salesperson $ 100.00 Referral agents $ 100.00 Branch office $ 100.00 Late Renewal Fees: License Fee Corporations, partnerships and other business entities Broker Broker-salesperson Salesperson Referral agents Transfers: $ 40.00 $ 40.00 $ 20.00 [...]

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11:5-3.14 INSURANCE 26. Multiple broker of record license; 27. Temporary broker’s license; 28. Change of Broker of Record Affidavit; 29. Individual irrevocable consent to service of process; 30. Corporate irrevocable consent to service of process; 31. Partnership/LLC/other irrevocable consent to service of process; 32. The form to request fingerprint scan processing utilized by the State-contracted [...]

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REAL ESTATE COMMISSION 11:5-4.3 (g) In situations where the Commission confirms that a broker has complied with all of the requirements imposed by this section, the Commission will not further investigate a complaint alleging the non-payment of a commission by a broker to a salesperson or referral agent unless such complaint is accompanied by a [...]

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11:5-4.1 INSURANCE shall be in core topics as set forth in N.J.A.C. 11:5-12.4 within the two years immediately preceding application. 2. To qualify for relicensure as a salesperson, a person who has been licensed as a referral agent three years or more, but less than six years, shall complete 18 hours of continuing education, all [...]

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11:5-4.4 INSURANCE any arrangement whereby a broker fails to personally oversee and direct the operations of the business of which he or she is licensed as broker of record or employing broker. For the purposes of this section, personal oversight and direction of the business shall be construed as requiring the broker to be physically [...]

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REAL ESTATE COMMISSION 11:5-5.1 (f) When a branch office license is issued to a broker it shall specifically set forth the name of the broker and the address of the branch office, and shall be conspicuously displayed at all times in the branch office. The branch office shall also prominently display the name of the [...]

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11:5-5.1 INSURANCE salesperson or salesperson may be additional signatories on escrow or trust accounts. (i) Brokers may accept payments to be held in trust or in escrow, or as the temporary custodian of the funds of others in any real estate transaction, in the following forms: cash; a negotiable instrument payable to the broker’s firm; [...]

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