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Continuing Education for Real Estate Licensees Signed Into Law
Continuing Education for Real Estate Licensees Signed Into Law
On January 19, 2010, former Governor Jon Corzine signed A-3099/S-2068 into law, which provides for mandatory continuing education (CE) for real estate brokers, broker-salespersons and salespersons. This new law, which takes effect on July 1, 2011 in coordination with the start of the next real estate licensing cycle in New Jersey, represents nearly two years of work by NJAR® and the NJAR® CE Task Force.
The new law states that no more than 16 CE hours will be required as a condition of license renewal. The measures provides that, upon the approval of an appointed advisory panel, CE courses may be delivered in a classroom setting or via the Internet, distance learning, correspondence or video. The law 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 addtion, the law also creates a new licensing category for referral agents, who will not be subject to CE requirements as long as they stay within the referral category.
NJAR® will be working closely with the New Jersey Real Estate Commission, which will have to adopt new regulations that are necessary to implement this law. Stay tuned to NJAR®’s CE webpage for further updates on how this law will affect licensees.
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