The New Jersey Real Estate License Act

Download or read book The New Jersey Real Estate License Act written by State of New Jersey and published by GeneralReferral.com. This book was released on 2021-11-04 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Reference Manual contains the entire New Jersey Real Estate License Law, N.J.S.A. 45:15-1 et seq., as amended through P.L. 2019 Chapter 177 of the 2019 Second Annual Session of the New Jersey 218th Legislature, and all rules issued under the statute through the New Jersey Register, Vol. 49, No. 13, July 3, 2017. The text of the statute is an exact duplication of the official text of the law​​​, with minor changes and updates. The text of the rules is an exact duplication of the official text found in Title 11, Chapter 5 of the New Jersey Administrative Code​​​, with minor changes and updates. This reference manual is being furnished to real estate licensees by GeneralReferral.com. It is being provided so that licensees may have the benefit of a current publication of the New Jersey License Law and the Rules promulgated thereunder. The Real Estate Commission urges all brokers to make this manual part of their office library, conveniently available to all licensees. This reference manual project was originally authorized pursuant to N.J.S.A. 45:15-16.2 as an educational and informational project. This updated and accessible version of the manual is produced by the team at General Referral, a New Jersey real estate referral brokerage. The New Jersey Real Estate Commission was created in 1921 by an act of the Legislature, N.J.S.A. 45:15-1 et. seq., entitled "An Act to define, regulate and license real estate brokers and salesmen, to create a State Real Estate Commission and to provide penalties for the violation of the provisions hereof." Five members of the Commission must be real estate brokers, licensed for a period of at least ten years; two members are public members and one member is a representative of an appropriate department of state government. All members of the Commission serve for a term of three years except the government representative who serves at the pleasure of the Governor. DISCLAIMER The information provided in this document does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available in this document are for general informational purposes only. Information in this document may not constitute the most up-to-date legal or other information. This document contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. Readers of this document should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information in this document without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this document or any of the links or resources contained within the document do not create an attorney-client relationship between the reader, user, or browser and document authors, editors, contributors, contributing law firms, or committee members and their respective employers.