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57 chapters · 2,299 sections in this title.
N.J.S.A. 45:15-12.4 Revocation of partnership, corporate license
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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 …
N.J.S.A. 45:15-12.5 Maintenance of special account required
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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…
N.J.S.A. 45:15-12.6 Approval of depository institution
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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…
N.J.S.A. 45:15-12.7 Agent, custodian may not use interest on escrow funds
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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…
