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.