to the commission such proof of the referral agent’s honesty, trustworthiness and integrity as the commission deems proper and in the public interest.
Amended 1938, c. 227, § 1; 1953, c. 77, § 1; 1953, c. 229, § 3; 1966, c. 10; 1977, c. 331, § 2; 1983, c. 456, § 1; 1989, c. 126, § 1; 1993, c. 51, § 7; 2003, c. 117, § 31, eff. July 1, 2003; 2003, c. 199, § 26, eff. Dec. 24, 2003; 2009, c. 238, § 3, eff. July 1, 2011.
45:15-10. Examination required for initial licensure; term, renewal
Before any such license shall be granted, the applicant, and in the case of a partnership, association or corporation, the partners, directors or officers thereof actually engaged in the real estate business as a broker, broker-salesperson, salesperson, or referral agent, shall submit to an examination to be conducted under the supervision of the commission which examination shall test the applicant’s general knowledge of the statutes of New Jersey concerning real property, conveyancing, mortgages, agreements of sale, leases and of the provisions of R.S.45:15-1 et seq., the rules and regulations of the commission and such other subjects as the commission may direct. The commission may make rules and regulations for the conduct of such examinations. Upon satisfactorily passing such examination and fulfilling all other qualifications a license shall be granted by the commission to the successful applicant therefor as a real estate broker, brokersalesperson, salesperson, or referral agent and the applicant upon receiving the license is authorized to conduct in this State the business of a real estate broker, broker-salesperson, salesperson, or referral agent, as the case may be. Such license shall expire on the last day of a two-year license term as established by the commission; such license shall be renewed, without examination, biennially thereafter, upon the payment of the fee fixed by R.S.45:15-15, and in the case of a broker, brokersalesperson or salesperson license, upon completion of the continuing education requirements applicable to the holders of such licenses.
Amended 1972, c. 94, § 1; 1977, c. 331, § 3; 1993, c. 51, § 8; 1996, c. 38, § 1, eff. Dec. 18, 1996; 2009, c. 238, § 4, eff. July 1, 2011.
45:15-10.1. Educational requirements
a. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate salesperson or a real estate referral agent shall give evidence of satisfactory completion of 75 hours in the aggregate of such courses of education in real estate subjects at a school licensed by the commission as the commission shall by regulation prescribe. At least three hours of that course of study shall be on the subject of ethics and ethical conduct in the profession of a real estate salesperson.
b. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate broker or broker-salesperson shall give evidence of satisfactory completion of 150 hours in the aggregate of such courses of education in real estate and related subjects at a school licensed by the commission as the commission shall by regulation prescribe. Thirty
hours of that course of study shall be on the subject of ethics and ethical conduct in the profession of a real estate broker.
The commission may approve courses in specialized aspects of the real estate brokerage business offered by providers who are not the holders of a real estate school license pursuant to section 47 of P.L.1993, c.51 (C.45:15-10.4), the completion of which may be recognized as fulfilling a portion of the total broker pre-licensure education requirements.
L. 1966, c. 227, § 1; amended 1977, c. 331, § 4; 1983, c. 456, § 2; 1989, c. 126, § 2; 1993, c. 51, § 9; 2009, c. 238, § 5, eff. July 1, 2011.
45:15-10.2. Waiver of educational requirements for licensure
The commission may waive some or all of the educational requirements for licensure established pursuant to subsection a. of section 1 of P.L.1966, c. 227 (C. 45:15-10.1) in the case of an applicant whose education or experience is in the judgment of the commission substantially equivalent to those educational requirements. The commission shall prescribe by regulation the requirements which an applicant shall meet in order to qualify for the waiver of educational requirements pursuant to this section.
L. 1966, c. 227, § 2; amended 1993, c. 51, § 10.
45:15-10.3. Bureau of Real Estate Education
There is established within the Division of the New Jersey Real Estate Commission in the Department of Insurance a Bureau of Real Estate Education which shall be responsible for the licensure of real estate pre-licensure schools and instructors.
L. 1993, c. 51, § 46.
45:15-10.4. Licensure of real estate school
a.No school shall conduct real estate education courses, the attendance and successful completion of which shall constitute the fulfillment of the educational prerequisites for licensure established pursuant to section 1 of P.L.1966, c. 227 (C. 45:15-10.1) unless licensed as a real estate school pursuant to P.L.1993, c. 51 (C. 45:15-12.3 et al.).
b.A school shall not be licensed as a real estate school unless its owners, management and facilities meet all of the qualifications for licensure established pursuant to this amendatory and supplemental),act and which the commission may by regulation prescribe. An applicant for a license to operate a real estate school, and in the case of a partnership or corporation the members, officers, directors and owners of a controlling interest thereof, shall affirmatively demonstrate their good moral character to the commission. The commission may make such investigation and require such proof as it deems proper and in the public interest as to the honesty, trustworthiness, character and integrity of an applicant.
L. 1993, c. 51, § 47.