REGULATIONS FOR THE NEW JERSEY REAL ESTATE COMMISSION Page 69

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, effective October 5, 1998. See: 30 N.J.R. 2333(a), 30 N.J.R. 3646(a). In (c), charmed N.J.A.C. reference in 3. Amended by R.2009 d.287, effective September 21, 2009. See: 41 N.J.R. 1381(a), 41 N.J.R. 3440(a). Section was “Expediting of license issuance and transfer procedures”. In the introductory paragraph of (b), substituted “personally facilitate” for “expedite”; rewrote (b)3 and (c)3; and added (d), (e) and (f). Amended by R.2012 d 006, effective January 3, 2012. See: 43 N.J.R. 1791(a), 44 N.J.R. 86(b). In (d), substituted a comma for “or” following “broker-salesperson” twice and inserted “or referral agent” twice; and in (e)1 and (e)4, inserted “referral agent”.
2. Original broker/broker-salesperson application;
3. Name change (by license or application);
4. Broker status change;
5. Referral agent, salesperson or broker-salesperson transfer of license (on rear of license document);
6. Broker’s Authorized Designee or Power of Attorney;
7. Change of business address;
8. Application for broker license for business entity (includes application for broker of record license);
9. Application for sole proprietor broker license;
11:5-3.12 License applications processed by the Real Estate Section of the Department of Banking and Insurance Licensing Services Bureau 10. Application for reactivation within current license term or for reinstatement of referral agent or salesperson license;
11. Application for reactivation within current license tenn or for reinstatement of broker-salesperson license; (a) Applications for the following license types are processed by the Department of Banking and Insurance Licensing Services Bureau, Real Estate Section:
1. Real Estate Salesperson;
2. Real Estate Referral Agent;
3. Real Estate Broker–Salesperson;
4. Real Estate Broker–Sole Proprietor;
5. Real Estate Broker–Business entity;
6. Real Estate Broker–Broker of Record of a licensed business entity; and
7. Branch office.
New Rule, R.2003 d.440, effective November 3, 2003. See: 34 N.J.R. 4043(a), 35 N.J.R. 5109(a). Amended by R.2009 d.287, effective September 21, 2009. See: 41 N.J.R. 1381(a), 41 N.J.R. 3440(a). Section was “License applications processed by the Licensing Section of the Real Estate Commission”. In the introductory paragraph of (a), substituted “Department of Banking and Insurance Licensing Services Bureau, Real Estate Section” for “Licensing Section of the Real Estate Commission”. Amended by R.2012 d.006, effective January 3, 2012. See: 43 N.J.R. 1791(a), 44 N.J.R. 86(b). Inserted new (a)2; and recodified former (a)2 through (a)6 as (a)3 through (a)7.
11:5-3.13 Licensing Services Bureau, Real Estate Section forms, instructions, processing times, deadlines
(a) The following forms are utilized by the Real Estate Section of the Department of Banking and Insurance Licensing Services Bureau:
1. Original salesperson or referral agent license application; 12. Office Closing affidavit;
13. Application for branch office license;
14. Change of branch office supervisor;
15. Initial Application for Renewal of Broker License and of all related licenses;
16. First Supplemental Renewal Application (lists licensees who became licensed with the broker between the date on which the Initial Renewal Application form was generated and the date on which the First Supplemental Renewal Application form was generated);
17. Second Supplemental Renewal Application (lists licensees who became licensed with the broker between the date on which the First Supplemental Renewal Application form was generated and the expiration date of the license term in which the renewal forms are generated);
18. Change of corporate representative and multiple license;
19. Change of broker of record;
20. Change of corporate title;
21. Corporate license and multiple broker license;
22. Reinstatement of business entity broker license;
23. Reinstatement of sole proprietor broker license;
24. Additional broker of record license to sole proprietor broker;
25. Change of iradename or new tradename;
0/5 (0 Reviews)
0
    0
    Your Cart
    Your cart is empty