N.J. REAL ESTATE COMMISSION
CONTINUING EDUCATION REQUIREMENTS

CONTINUING EDUCATION (CE) is now in effect in New Jersey. To help you understand some of the requirements of the law, we encourage you to read the below overview.

CONTINUING EDUCATION REQUIREMENTS
Real Estate salespersons, broker-salespersons and brokers are required to complete 12 hours of CE per licensing cycle in order to renew their license for the next licensing cycle.

At least six of the 12 hours must be in the following core topics, of which each topic except ethics must have an ethics component relating to the topic. The Core Topics are as follows::

1. Agency
2. Disclosure
3. Legal Issues (i.e. listing agreements, contracts, leases, attorney review)
4. Ethics
5. Fair Housing and New Jersey Law Against Discrimination
6. New Jersey Real Estate Broker and Salesperson Statues and Regulations
7. State and Federal Environmental Laws/Regulations Pertaining to Real Estate
8. Legal Requirements on /Escrow Monies and Financial Recordkeeping

The following topics are deemed as approved for elective courses.

1. Commercial real Estate
2. Property Management
3. Seasonal Rentals
4. Real Estate Sales Full Disclosure Act and Real Estate Timeshare Act Requirements
5. Financing
6. Land Use
7. Real Estate Valuation
8. Foreclosure and short-Sale Transactions
9. Specific Aspects of Residential Real Estate Transactions
   

Completion of the broker pre-licensure course by real estate licensees will be equivalent to completing the 12 hours of CE for the licensing cycle in which the broker pre-licensure course is taken. Licensees completing this course will not be required to take any CE courses to fulfill the requirement.

Licensees initially licensed in the second year of a real estate licensing cycle will not be required to complete any CE requirements in order to relicense for the next cycle (i.e. a licensee who obtains their license after July 1, 2012 will not be required to complete CE requirements to relicense for the cycle beginning July 1, 2013).

Licensees initially licensed in the first year of a real estate licensing cycle will be required to complete CE requirements in order to relicense for the next cycle (i.e. a licensee who obtains their license before July 1, 2012 will be required to complete CE requirements to relicense for the cycle beginning July 1, 2013)

CE courses will only count for credit one time during a licensing cycle.

Additionally, the bill establishes referral agents as a new type of real estate licensee who is not subject to the continuing education requirements as long as the licensee stays within the limited service category.

The American School of Business has an array of continuing education classes and seminars that are offered at several training centers and on-line to provide you with the highest quality education available.

Please call us at 800-288-5154 or visit us on the web at www.AmericanSchoolNJ.com with any questions.

The cost for each 3 hour seminar is only $49 each! A package price is available when registering and paying in full for 12 credits of $179!