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 course and no person shall receive credit toward the fulfillment of the broker’s preli- censure education requirements for attendance at a salesperson’s or referral agent’s prelicensure course.
(b) To qualify to challenge the examination for licensure as a real estate salesperson or referral agent, a candidate must first successfully complete a course of study in real estate at a school licensed by the Commission pursuant to N.J.S.A. 45:15-10.4 consisting of a minimum of 75 hours as specified in (f) below. To qualify to challenge the real estate broker’s license exam, a candidate must first successfully complete courses of study in real estate consisting of a minimum of 150 hours as specified in (g) below, offered by a licensed school or, with respect to those certain courses specified in (g)5 below, offered by some other Commission-approved provider.
(c) No person with the exception of qualified disabled veter- ans shall receive credit for satisfactory completion of the pre- scribed 150 hours of broker’s courses unless that person was the holder of a salesperson’s license at the time of enrollment in said course.
(d) The time allotted by any school for a final examination covering real estate subjects shall be applicable toward the minimum hours of course study. No more than five minutes of each course hour may be utilized for breaks in the actual classroom instruction being conducted at any given session of a pre-licensure course. During the time in which actual classroom instruction is conducted, in addition to covering the substantive material mandated by (f) and (g) below, instructors are to provide thorough instruction on the State license examination and license issuance procedures for salesperson, referral agent and broker license candidates, as applicable, and to perform all reasonably required administrative functions such as taking attendance and making announcements of general interest.
(e) The requirements that broker license candidates complete the general 90 hour broker prelicensure education course and that salesperson or referral agent license candidates complete the 75 hour salesperson prelicensure education course shall not apply to:
1. Applicants for licensure as a broker, salesperson or refer- ral agent who have held a real estate broker’s license issued by another state and who were actively engaged in the real estate brokerage business for three years or more immediately preced- ing the date of application;
2. Applicants for licensure as a broker who are attorneys at law admitted to the practice in the State of New Jersey and ap- plicants for licensure as a salesperson or referral agent who are
attorneys at law admitted to practice in New Jersey or in any other state at the time of making application;
3. Applicants for licensure as a salesperson or referral agent who have earned a college degree from any accredited institution of higher education, provided that:
i. The total number of college level classroom hours devoted to real estate and related subjects was 75 or more, and such courses were completed within three years of making application;
ii. The applicant received a bachelor or associate degree in real estate regardless of how long prior to their application for a waiver they received that degree; or
iii. The applicant satisfactorily completed 75 or more class- room hours of course work in real estate or related subjects, at least 45 hours of which consisted of instruction on real estate conducted as part of a post-graduate program and that such post- graduate studies were completed within three years of making application.
4. Applicants for licensure as a salesperson or referral agent who hold or held a real estate license issued by another state, provided that:
i. The applicant has satisfactorily completed a prelicensure course of real estate education at a proprietary school, college or university in that other state;
ii. The prelicensure course was sanctioned by the real estate licensing authority of that state;
iii. The total number of classroom hours included in the course was 75 or more;
iv. The applicant qualified for licensure in that state by ex- amination; and
v. The applicant was actively licensed in that state within three years of applying for the waiver.
5. Applicants for licensure as a salesperson or referral agent who previously held a license as a New Jersey real estate broker and whose last license expired more than two but less than five years prior to making application.
(f) The salesperson’s prelicensure course shall consist of 75 hours of education. Subject to (e) above, applicants for licen-sure as a salesperson or referral agent shall complete the 75 hour salesperson prelicensure course that shall include:
1. Property rights (9 hours);
2. Contracts and other property instruments (12 hours);
3. Leases and landlord-tenant relations (6 hours);
4. Mortgages and other liens (12 hours);