N.J. Stat. tit. 45, ch. 15

N.J. Stat. tit. 45, ch. 15
in effect

Contents

section15-1. License required.section15-1.1. Role of housing referral aidesection15-1.2. License required for acceptance of compensation for providing assistance in locating rental housingsection15-2. "Engaging in business" definedsection15-3. Terms defined, license required for bringing action for compensation.section15-3.1. Payment of referral fee, commission to person licensed in another jurisdictionsection15-3.2. Written agreement.section15-4. Application of provisions of article limitedsection15-5. New Jersey Real Estate Commission continuedsection15-6. Commission salariessection15-7. Provision, duties of personnelsection15-8. Seal; certified copies of records as evidence; public inspection of recordssection15-9. Real estate licenses.section15-10. Examination required for initial licensure; term, renewal.section15-10.1. Educational requirements.section15-10.2. Waiver of educational requirements for licensuresection15-10.3. Bureau of Real Estate Educationsection15-10.4. Licensure of real estate schoolsection15-10.5. Licensure as real estate instructorsection15-10.6. Application for, issuance of license as real estate school, fees.section15-10.7. Application for, issuance of license as real estate instructor; fees.section15-10.8. Director of real estate schoolsection15-10.9. Director of public adult education programsection15-10.10. Real estate school, instructor licensesection15-10.11. Grounds for suspension, revocation of real estate school instructor license.section15-10.12. Restrictions on persons with revoked licensesection15-10.13. Revocation of license of school; exceptionssection15-10.14. Power, authority of commissionsection15-11. Disabled war veterans; granting of license.section15-11.3. Issuance of temporary broker's licensesection15-12. Broker to maintain office.section15-12.1. Bars to issuance of license.section15-12.2. Repealsection15-12.3. Revoked license, disability to actsection15-12.4. Revocation of partnership, corporate licensesection15-12.5. Maintenance of special account requiredsection15-12.6. Approval of depository institutionsection15-12.7. Agent, custodian may not use interest on escrow fundssection15-12.8. Acceptance of monies.section15-13. Form of license; change of broker's address.section15-14. License kept by employing broker.section15-15. License fees.section15-16. Acceptance of commission, valuable consideration.section15-16a. Rebate paid by broker to purchaser.section15-16b. Advertisement for rebate.section15-16c. Regulations.section15-16.2. Educational and information programssection15-16.2a. Continuing education required; exceptions.section15-16.2b. Delivery of continuing education courses.section15-16.2c. Completion of continuing education requirements.section15-16.2d. Fulfillment of continuing education requirement.section15-16.2e. Core topics for continuing education courses.section15-16.2f. Maintenance of records by course providers.section15-16.2g. Rules, regulations.section15-16.27. Short titlesection15-16.28. Definitions.section15-16.29. Bureau of Subdivided Land Sales Control continuedsection15-16.30. Conditions for disposition of subdivided landssection15-16.30a. Registration as secondary registration subdivider.section15-16.31. Subdivisions, subdivided lands subject to this actsection15-16.32. Inapplicability to offers, dispositions of an interest in a subdivision.section15-16.33. Notice of filing; registration; rejectionsection15-16.34. Initial registration fee; inspection fee; consolidated filing feesection15-16.35. Examination by commissionsection15-16.36. Contents of statement of recordsection15-16.37. Information available to publicsection15-16.38. Public offering statement; not to be used for promotional purposes; amendments to; right to cancelsection15-16.39. Consolidated filingsection15-16.40. Report by subdividersection15-16.41. Powers of commissionsection15-16.42. Commission empowered to issue cease and desist orderssection15-16.43. Conditions for revocation of registrationsection15-16.44. Commission empowered to bring action in Superior Court; intervene in suitssection15-16.45. Submission of applicant to the courts; methods of servicesection15-16.46. Violations by brokers, salespeople; fines, penaltiessection15-16.47. Actions, counterclaims permitted against non-complierssection15-16.48. Existing registrations deemed in force and effectsection15-16.49. Rules and regulationssection15-16.50. Short title.section15-16.51. Definitions relative to timeshares.section15-16.52. Applicability of act.section15-16.54. Administration by Real Estate Commission.section15-16.55. Nonpreemption of local codes; supersedure of other regulation of timeshares.section15-16.56. Creation of timeshare plan.section15-16.57. Requirements for developers of timeshares; application, registration.section15-16.58. Responsibilities of timeshare developer for offering, marketing violations.section15-16.59. Public offering, disclosure statements; requirements.section15-16.60. Filing of annual reports by developer of timeshare.section15-16.61. Issuance of notice of filing of registration.section15-16.62. Review of registration; orders, schedule.section15-16.63. Deficiency notice, appeal.section15-16.64. Fee for initial registration.section15-16.65. Registrations required for sale.section15-16.66. Creation of provision for managing entity, duties.section15-16.67. Voidability of purchase contract.section15-16.68. Conditions for release of escrow funds to the developer.section15-16.70. Prohibitions relative to developers of timeshares.section15-16.71. Detailed financial records.section15-16.72. Maintenance of employee records.section15-16.73. Permitted action for partition.section15-16.74. Refusal to issue, renew, revoke, suspension of registration, penalties.section15-16.75. Powers of commission.section15-16.76. Determinations by commission; cease and desist order.section15-16.77. Violations.section15-16.78. Application for registration deemed submission to jurisdiction of courts.section15-16.79. Additional penalties.section15-16.80. Actions, counterclaims, remedies.section15-16.81. Valid registration required for action.section15-16.82. Rules.section15-16.83. Forms, procedures.section15-16.84. Investigation of matters relative to application for registration.section15-16.85. Existing timeshare plans remain in full force and effect.section15-16.86. Definitions.section15-16.87. Brokerage firm acting as buyer's, seller's, dual disclosed, designated agent, duties owed to principal, all parties in a transaction.section15-16.88. Brokerage firms, real estate brokerage services, buyer's agent, conditions, exceptions.section15-16.89. Buyer's agent duties, exceptions.section15-16.90. Brokerage firms, real estate brokerage services, seller's agent, conditions, exceptions.section15-16.91. Seller's agent duties, exceptions.section15-16.92. Brokerage firms acting as a disclosed dual agent, informed consent of both parties, residential, commercial real estate transaction; duties, exceptions.section15-16.93. Different broker, broker-salesperson, salesperson, designated agent, fiduciary duties owed, respective principals.section15-16.94. Brokerage firm engaged as transaction broker shall not act as an agent or represent any party in the transaction; transaction broker duties.section15-16.95. Established agency, transaction broker relationships, completion, expiration of terms, termination, conditions.section15-16.96. Real estate transaction, brokerage firm compensation.section15-16.97. Liability, brokerage firm, principal, agent, transaction broker.section15-16.98. Principal not to be charged, knowledge, notice of facts known by brokerage firm, not actually known by principal.section15-16.99. Residential property showing, generally open to public, sign advising prospective buyers, brokerage firm representing seller only; exceptions, sign text.section15-16.100. Regulations, relationships, real estate brokerage firms.section15-16.101. Rights, remedies, prohibitions declared additional, cumulative.section15-17. Investigation of actions of licensees; suspension or revocation of licenses and causes therefor.section15-17.1. Temporary suspension of licensesection15-17.2. Freezing accounts during suspension of broker's licensesection15-17.3. Sanctions for noncomplying sales of mobile homessection15-17.4. Rules, regulationssection15-18. Notification to licensee of charges made in licenses suspension, revocation.section15-19. Cause for revocation of license.section15-19.1. License revoked upon conviction.section15-19.2. License suspended when licensee is indicted.section15-19.3. No supercedure.section15-20. Nonresident licenses.section15-21. Filing of irrevocable consent to servicesection15-24. Commitment for nonpayment of judgmentsection15-27. Disposition of penaltiessection15-29. Payment of fines, penalties; funding of commission's expensessection15-29.1. Employees transferredsection15-29.2. Rights under Title 11 and under pension laws not affectedsection15-29.3. Orders, rules, regulations continuedsection15-29.4. "New Jersey Real Estate Commission," referencesection15-29.5. Actions, proceedings not affectedsection15-34. Real estate guaranty fund established.section15-35. Additional amount payable upon initial issuance of license.section15-36. Management and investment of fundssection15-37. Payments from real estate guaranty fund.section15-38. Civil action which may result in court order for payment; limitations of action; joinder of commissionsection15-39. Secretary of commission constituted as agent.section15-40. Insufficiency of funds; replenishment; excess amounts.section15-41. Revocation of license upon issuance of court order for payment from fund.section15-42. Rules and regulations
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026