of such courses and of the measures utilized to ensure the security and integrity of the course delivery process. The commission may approve continuing education courses which include periodic progress assessments and the achievement of a satisfactory level of performance by the licensee on such progress assessments as a condition to continuing to a succeeding segment of the course. The commission shall not require, as a condition of the receipt of credit for attendance at any continuing education course that a licensee pass a comprehensive examination testing the licensee’s knowledge of the entire course content.
L. 2009, c. 238, § 24, eff. July 1, 2011.
45:15-16.2c. Completion of continuing education requirements
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 continuing education requirements who fails to do so prior to May 1 of the second year of a biennial license term shall be subject to a reasonable processing fee, as determined by the commission, of not more than $ 200.
L. 2009, c. 238, § 25, eff. July 1, 2011.
45:15-16.2d. Fulfillment of continuing education requirement
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 continuing education requirement applicable to the license that such a person may seek to renew upon the conclusion of that license term. A person who is initially licensed as a salesperson during the first year of a two-year license term shall complete all applicable continuing education requirements in order to renew that license upon the conclusion of that license term. A person who is initially licensed as a salesperson in the second year of the two-year license term shall not be required to fulfill any continuing education requirements in order to renew that license at the conclusion of that license term.
L. 2009, c. 238, § 26, eff. July 1, 2011.
45:15-16.2e. Core topics for continuing education courses
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 of the following core topics:
(1)Agency;
(2)Disclosure;
(3)Legal issues;
(4)Ethics; (5)Fair housing;
(6)Rules and regulations; and
(7)Any other core topics that the New Jersey Real Estate Commission may prescribe by rule.
In no event shall the commission require that courses in these core topics comprise more than 60 percent of the total continuing education hours required for the renewal of any license.
b. In the case of continuing education courses and programs, each hour of instruction shall be equivalent to one credit.
L. 2009, c. 238, § 27, eff. July 1, 2011.
45:15-16.2f. Maintenance of records by course providers
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 directed by the commission.
L. 2009, c. 238, § 28, eff. July 1, 2011.
45:15-16.2g. Rules, regulations
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, § 29, eff. July 1, 2011.
45:15-16.3 to 45:15-16.26. Repealed by L. 1989, c. 239, § 24, eff. Jan. 2, 1990
45:15-16.27. Short title [Real Estate Sales Full Disclosure Act]
This act shall be known and may be cited as the “Real Estate Sales Full Disclosure Act.”
L. 1989, c. 239, § 1.
45:15-16.28. Definitions
As used in this act [C.45:15-16.27 et seq.]:
“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, including the land sales contract to be used and any photographs or drawings or artist’s representation of physical conditions or facilities on the property existing or to exist by means of any:
(1)Newspaper or periodical;
(2)Radio or television broadcast;