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.
Little Egg Harbor REALTOR® Laura Giannotta
Your Jersey Shore real estate resource!
609.384.6121
www.JerseyShoreViews.com
Laura@JerseyShoreViews.com
I love CE. I take a lot of courses and can honestly say that I learn something in everyone I take.
Hi Laura: Wow a referral category - what a fabulous idea!
:)
I'm shocked that mandatory CE isn't already in place.
Here in NC we have to take one mandatory update class and one elective class each year to keep our licenses active.
Lenn, I'm with you! CE is part of my annual business plan.
Matt, the referral category came about as a compromise because Weichert has so many referral agents and the company had been fighting CE for years afraid they'd loose those referral agents!
Yes Sir Craig, we're the only state in the nation that does not require continuing education for REALTORS.
Laura...I hope you see an increase in the knowledge of the professionals that you work with. I have been trying to get someone to listen at the state level to change our 15 per year to at least 25.
Hey William, it will be interesting to see what they require once the Governor signs the bill!
Laura - yes this will be interesting to see how they dole out what is going to be the criteria for this and how they will deliver said CE programs through the web...