Revises continuing education requirements for real estate licensees and regulation of certain real estate continuing education providers, instructors, and courses.
What changed between versions
New subsection (10) gives the Real Estate Commission authority to investigate suspected violations of continuing education provisions and to place courses, providers, or instructors on probation, suspend, or revoke their approval. As an alternative to those actions, the commission may impose a penalty of up to $5,000 for a first violation and up to $10,000 for any subsequent violation, collected through summary proceedings under the Penalty Enforcement Law of 1999.
New language requires the commission to approve or deny continuing education course, provider, or instructor applications recommended by the Volunteer Advisory Committee at its next regularly scheduled meeting after receipt. If the commission is not scheduled to meet within 30 days of receiving a recommended application, it must designate personnel assigned under R.S.45:15-7 to make the approval or denial decision.
The phrase 'including providers authorized to approve their own continuing education instructors and courses pursuant to section 28' was removed from the commission's auditing and monitoring parameters, narrowing the scope of what the commission must monitor under that provision.
The short title was simplified from 'An Act concerning continuing education for real estate licensees, amending various parts of the statutory law, and supplementing chapter 15 of Title 45 of the New Jersey Statutes' to simply 'An Act concerning continuing education for real estate licensees.'
The bill was renumbered from sections 2 through 9 to sections 1 through 6, and the full explanatory statement describing all bill provisions was removed from the reprint version.
Senator Carmen F. Amato, Jr. (District 9, Ocean) was added as a sponsor and Senator Space was listed as co-sponsor.
