Title

Finally….Mandatory Continuing Education for New Jersey Realtors – Hallelujah!

It’s a great day for the New Jersey real estate industry and NJ home buyers and sellers alike!

Today the Senate Commerce Committee approved bill A-3099/S-2068, which provides for mandatory continuing education (CE) for real estate brokers, and sales associates. Why it took two years to get to this point I will never understand but looks like things are moving along now.

Basically a maximum of 16 continuing education hours will be required as a condition for license renewal every two years.

The measure provides that, upon the approval of an appointed advisory panel, continuing education courses may be delivered in a classroom setting or via the Internet, distance learning, correspondence and video. With proof of completion and prior approval by the advisory committee, the bill also allows continuing education credits received in other states for “elective” courses to be counted towards a licensee’s continuing education requirements. 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.

I could be wrong, but I think New Jersey is one of the last states to adopt continuing education for Realtors. 

Before it reaches Governor Jon Corzine’s desk for approval, this legislation must also be approved by the full membership of the New Jersey Senate, so stay tuned….

Share     

This entry was posted on Monday, December 14th, 2009 at 2:41 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website