Title 45, Title 45: PROFESSIONS AND OCCUPATIONS

45:15-10.1 Educational requirements. 1. a. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate salesperson shall give evidence of satisfactory completion of 75 hours in the aggregate of such courses of education in real esta…

45:15-10.10. Real estate school, instructor license 53. Upon application to the commission and payment of the prescribed license fee no later than January 1, 1994, any school and instructor then designated by the commission as an approved school or instructor shall, subject to th…

45:15-10.11 Grounds for suspension, revocation of real estate school instructor license. 54. The commission may suspend or revoke the license of any real estate school or instructor or impose fines as provided in R.S.45:15-17 upon satisfactory proof that the licensee is guilty of…

45:15-10.12. Restrictions on persons with revoked license 55. A person whose license has been revoked pursuant to section 54 of P.L.1993, c.51 (C.45:15-10.11) shall not be a general partner, officer, director or owner, either directly or indirectly, of a controlling interest in a…

45:15-10.13. Revocation of license of school; exceptions 56. Upon the revocation of the instructor license issued to any partner, officer, director or owner of a controlling interest in any licensed school, the commission shall revoke the license of the school unless, within a pe…

45:15-10.14. Power, authority of commission 57. The commission is expressly vested with the power and authority to promulgate and enforce all necessary rules and regulations for the conduct of the business of real estate schools offering pre-licensure and continuing education cou…

45:15-10.2. Waiver of educational requirements for licensure 2. 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 e…

45:15-10.3. Bureau of Real Estate Education 46. 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…

45:15-10.4. Licensure of real estate school 47. 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.196…

45:15-10.5. Licensure as real estate instructor 48. a. No person, with the exception of a guest lecturer, may teach real estate education courses, the attendance and successful completion of which shall constitute the fulfillment of the educational prerequisites for licensure est…

45:15-10.6 Application for, issuance of license as real estate school, fees. 49. a. Every application for licensure as a real estate school shall be accompanied by an application fee of $100 and a criminal history record check fee for all individual owners, members of a partnersh…

45:15-10.7 Application for, issuance of license as real estate instructor; fees. 50. Every application for licensure as a real estate instructor shall be accompanied by an application fee of $50 and a criminal history record check fee, which fees shall be non-refundable. Any appl…

45:15-10.8. Director of real estate school 51. A school shall not be licensed as a real estate school unless it is under the management and supervision of a director who is approved by the commission and who is licensed as a real estate instructor in accordance with the provision…

45:15-10.9. Director of public adult education program 52. No public adult education program conducted under the auspices of a board of education in this State and no accredited college or university in this State shall be licensed as a real estate school unless its real estate p…

45:15-11 Disabled war veterans; granting of license. 45:15-11. Any citizen of New Jersey who has served in the armed forces of the United States or who served as a member of the American Merchant Marine during World War II and is declared by the United States Department of Defens…

45:15-11.3. Issuance of temporary broker's license 1. In the event of the death or mental or physical incapacity of a licensed real estate broker where no other member or officer in the agency, copartnership, association or corporation of which he was a member or officer is the h…

45:15-12 Broker to maintain office. 45:15-12. Every real estate broker shall maintain a designated main office open to the public. A real estate broker's main office shall have prominently displayed therein the license certificate of the broker and all licensed persons in his emp…

45:15-12.1 Bars to issuance of license. 8. No license shall be issued by the commission to any person known by it to have been, within five years theretofore, convicted of forgery, burglary, robbery, any theft offense other than shoplifting, criminal conspiracy to defraud, or oth…

45:15-12.2. Repeal Sections 45:15-30 to 45:15-33, inclusive, of the Revised Statutes are repealed. L.1953, c. 229, p. 1693, s. 9.

45:15-12.3. Revoked license, disability to act 21. A person whose license has been revoked pursuant to R.S.45:15-17 or section 6 of P.L.1953, c.229 (C.45:15-19.1) shall not be a general partner, officer, director or owner, either directly or indirectly, of a controlling interest …

45:15-12.4. Revocation of partnership, corporate license 22. Upon the revocation of the license issued to any partner, officer, director or owner of a controlling interest in any licensed partnership, limited partnership or corporation, the commission shall revoke the license of …

45:15-12.5. Maintenance of special account required 42. a. Every individual, partnership or corporation licensed as a real estate broker shall maintain in a State or federally chartered bank, savings bank, savings and loan association or other depository institution physically lo…

45:15-12.6. Approval of depository institution 43. The commission shall approve a depository institution as required pursuant to section 42 of this amendatory and supplementary act upon the institution providing written confirmation to the commission that it shall immediately not…

45:15-12.7. Agent, custodian may not use interest on escrow funds 44. A real estate broker acting in the capacity of an escrow agent or as the temporary custodian of the funds of others in any real estate transaction shall not receive, obtain or use any interest earned on the fun…

45:15-12.8 Acceptance of monies. 45. Every real estate licensee who, in the performance of any of the activities described in R.S.45:15-3, receives any monies of others as a representative of a broker acting as an escrow agent or as the temporary custodian of the funds of others …

45:15-13 Form of license; change of broker's address. 45:15-13. All licenses shall be issued by the commission in such form as it shall prescribe. Each license shall show the name and address of the licensee and shall have imprinted thereon the seal of the commission. Notice in w…

45:15-14 License kept by employing broker. 45:15-14. All licenses issued to real estate brokers, broker-salespersons, and salespersons shall be kept by the broker by whom such real estate licensee is employed or contracted, and the pocket card accompanying the same shall be deliv…

45:15-15 License fees. 45:15-15. The biennial fee for each real estate broker's license shall be $200, the biennial fee for each real estate broker-salesperson's license shall be $200 and the biennial fee for each real estate salesperson's license shall be $100. The biennial fee …

45:15-16 Acceptance of commission, valuable consideration. 45:15-16. a. No real estate salesperson or broker-salesperson shall accept a commission or valuable consideration for the performance of any of the acts herein specified from any person except his employer or contracting …

45:15-16.100 Regulations, relationships, real estate brokerage firms. 15. The New Jersey Real Estate Commission may promulgate regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) to effectuate the purposes of P.L.2024, c.32 (C.45:15-16…

45:15-16.101 Rights, remedies, prohibitions declared additional, cumulative. 17. The rights, remedies, and prohibitions accorded by the provisions of P.L.2024, c.32 (C.45:15-16.86 et al.), are hereby declared to be in addition to and cumulative of any other right, remedy, or proh…

45:15-16.2. Educational and information programs 1. The Division of the New Jersey Real Estate Commission in the State Department of Insurance, within the limits of appropriations available or to be made available to it for the purpose, may conduct educational and information pro…

45:15-16.27. Short title This act shall be known and may be cited as the "Real Estate Sales Full Disclosure Act." L.1989, c.239, s.1.

45:15-16.28 Definitions. 2. As used in this act: "Advertising" means the publication, or causing to be published, of any information offering for sale, or for the purpose of causing or inducing any other person to purchase or acquire, an interest in the title to subdivided lands,…

45:15-16.29. Bureau of Subdivided Land Sales Control continued The Bureau of Subdivided Land Sales Control within the Division of the New Jersey Real Estate Commission in the Department of Insurance, established pursuant to section 3 of P.L.1975, c.235 (C.45:15-16.5), shall conti…

45:15-16.2a Continuing education required; exceptions. 23 a. The New Jersey Real Estate Commission shall require each natural person licensed as a real estate broker, broker-salesperson or salesperson, as a condition of biennial license renewal pursuant to R.S.45:15-10, to comple…

45:15-16.2b Delivery of continuing education courses. 24. Continuing education courses may be delivered in a classroom setting or via the Internet or video modalities, subject to the approval by the New Jersey Real Estate Commission of the providers and the content of such course…

45:15-16.2c Completion of continuing education requirements. 25. Continuing education requirements, as set forth by the New Jersey Real Estate Commission, shall be completed on or before April 30 of the year in which the biennial license expires. Any licensee required to complete…

45:15-16.2d Fulfillment of continuing education requirement. 26. A person who, during a biennial licensing term, successfully completes one or more broker pre-licensure education courses as prescribed by the New Jersey Real Estate Commission shall be deemed to have fulfilled the …

45:15-16.2e Core topics for continuing education courses. 27. a. Not less than 50 percent of the continuing education courses of study that a broker, broker-salesperson, or salesperson are required to complete as a condition for license renewal shall be comprised of one or more o…

45:15-16.2f Maintenance of records by course providers. 28. Course providers shall maintain records of the successful completion of continuing education courses by licensees and shall transmit this data to the New Jersey Real Estate Commission or its designee in a manner as direc…

45:15-16.2g Rules, regulations. 29. The New Jersey Real Estate Commission shall adopt rules and regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), necessary to effectuate the purposes of this act. L.2009, c.238, s.29.

45:15-16.30. Conditions for disposition of subdivided lands Unless the subdivided lands or the transaction is exempt pursuant to section 6 of this act: a. No person may offer, dispose or participate in this State in the disposition of subdivided lands or of any interest in subdiv…

45:15-16.30a Registration as secondary registration subdivider. 2. a. A subdivider or developer who owns subdivided land upon which there is a completed residential unit, or for which there is a contract to construct and deliver a completed residential unit by the subdivider or d…

45:15-16.31. Subdivisions, subdivided lands subject to this act Disposition of subdivision or subdivided lands are subject to this act if: a. Any offer or disposition of subdivided lands is made in this State; or b. Any offer of subdivided land originating outside this State is d…

45:15-16.32 Inapplicability to offers, dispositions of an interest in a subdivision. 6. a. Unless the method of disposition is adopted for the purpose of evasion of this act, the provisions of this act are not applicable to offers or dispositions of an interest in a subdivision: …