Bill Text: NJ S2472 | 2018-2019 | Regular Session | Chaptered
Bill Title: Requires certain real estate licensees to complete courses of study concerning fair housing and housing discrimination.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Passed) 2019-07-19 - Approved P.L.2019, c.177. [S2472 Detail]
Download: New_Jersey-2018-S2472-Chaptered.html
§3 - Note
An Act concerning real estate licensees, and amending P.L.1966, c.227 and P.L.2009, c.238.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1[1. Section 1 of P.L.1966, c.227 (C.45:15-10.1) is amended to read as follows:
1. a. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate salesperson or a real estate referral agent shall give evidence of satisfactory completion of 75 hours in the aggregate of such courses of education in real estate subjects at a school licensed by the commission as the commission shall by regulation prescribe. At least three hours of that course of study shall be on the subject of ethics and ethical conduct in the profession of a real estate salesperson, and at least one hour of that course of study shall be on the subject of fair housing and housing discrimination.
b. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate broker or broker-salesperson shall give evidence of satisfactory completion of 150 hours in the aggregate of such courses of education in real estate and related subjects at a school licensed by the commission as the commission shall by regulation prescribe. Thirty hours of that course of study shall be on the subject of ethics and ethical conduct in the profession of a real estate broker, and at least one hour of that course of study shall be on the subject of fair housing and housing discrimination.
The commission may approve courses in specialized aspects of the real estate brokerage business offered by providers who are not the holders of a real estate school license pursuant to section 47 of P.L.1993, c.51 (C.45:15-10.4), the completion of which may be recognized as fulfilling a portion of the total broker pre-licensure education requirements.
(cf: P.L.2009, c.238, s.5)]1
11. Section 1 of P.L.1966, c.227 (C.45:15-10.1) is amended to read as follows:
1. a. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate salesperson shall give evidence of satisfactory completion of 75 hours in the aggregate of such courses of education in real estate subjects at a school licensed by the commission as the commission shall by regulation prescribe. At least three hours of that course of study shall be on the subject of ethics and ethical conduct in the profession of a real estate salesperson, and at least one hour of that course of study shall be on the subject of fair housing and housing discrimination.
b. As a prerequisite to admission to an examination, every individual applicant for licensure as a real estate broker or broker-salesperson shall give evidence of satisfactory completion of 150 hours in the aggregate of such courses of education in real estate and related subjects at a school licensed by the commission as the commission shall by regulation prescribe. Thirty hours of that course of study shall be on the subject of ethics and ethical conduct in the profession of a real estate broker, and at least one hour of that course of study shall be on the subject of fair housing and housing discrimination.
The commission may approve courses in specialized aspects of the real estate brokerage business offered by providers who are not the holders of a real estate school license pursuant to section 47 of P.L.1993, c.51 (C.45:15-10.4), the completion of which may be recognized as fulfilling a portion of the total broker pre-licensure education requirements.1
(cf: P.L.2018, c.71, s.6)
1[2. Section 27 of P.L.2009, c.238 (C.45:15-16.2e) is amended to read as follows:
27. 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 and housing discrimination;
(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.
c. Notwithstanding the provisions of subsection a. of this section, the commission shall require that 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 at least one hour on the core topic fair housing and housing discrimination during each biennial license term.
(cf: P.L.2009, c.238, s.27)]1
12. Section 27 of P.L.2009, c.238 (C.45:15-16.2e) is amended to read as follows:
27. 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, which shall not be less than two hours;
(5) Fair housing;
(6) Rules and regulations;
(7) Real estate licensee safety;
(8) Financial literacy and planning; and
(9) 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.
c. Notwithstanding the provisions of subsection a. of this section, the commission shall require that 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 at least one hour on the core topic of fair housing and housing discrimination during each biennial license term.1
(cf: P.L.2018, c.71, s.15)
3. This act shall take effect on the 90th day next following enactment, except the New Jersey Real Estate Commission may take any anticipatory administrative action in advance as shall be necessary for the implementation of this act.
Requires certain real estate licensees to complete courses of study concerning fair housing and housing discrimination.
