: January 2010

NJ REALTOR Continuing Education Requirements Await Governor's Approval

It's now up to Governor Corzine to sign into law legislation requiring continuing education for New Jersey's real estate professionals.

The State Senate yesterday approved A-3099/S-2068, which provides for mandatory continuing education (CE) for real estate brokers, broker-salespersons and salespersons.

The final passage of this bill in the Legislature represents two years of work by New Jersey Association of REALTORS® and the NJ Real Estate Commission.
 
The bill requires up to 16 Continuing Education (CE) hours as a condition of license renewal. Once enacted this law will require an appointed advisory panel approve CE courses.  

Those courses may be delivered in a classroom setting or via the Internet, distance learning, correspondence or video. The bill also allows CE credits received in other states for "elective courses" to be counted towards a licensee's CE requirements with proof of completion and prior approval by the advisory committee.

In addition, the bill creates a new licensing category for referral agents, who will not be subject to CE requirements as long as the licensee stays within the referral category.

Governor Jon Corzine must sign A-3099/S-2068 before he leaves office on January 19th.

 
 
 
  

     
Comment balloon 7 commentsLaura Giannotta • January 08 2010 04:17PM
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