Key Takeaways
- The New Jersey Real Estate Commission (NJREC) regulates real estate licensees under N.J.S.A. 45:15 and N.J.A.C. 11:5
- NJREC is part of the Division of Consumer Affairs within the Department of Law and Public Safety
- NJREC has authority to issue, suspend, and revoke licenses, investigate complaints, and impose fines
- New Jersey requires 75 hours of prelicensure education from an approved school
- The salesperson exam has 110 questions (comprehensive format) with 4 hours time limit and 70% passing score
New Jersey Real Estate Commission (NJREC)
Important: This content covers New Jersey-specific real estate laws and regulations. You should complete the National Real Estate Exam Prep first, as the New Jersey exam tests both national and state-specific concepts in a comprehensive format.
The New Jersey Real Estate Commission (NJREC) is the state agency responsible for licensing and regulating real estate professionals in New Jersey.
NJREC Structure
The NJREC operates under the Division of Consumer Affairs within the Department of Law and Public Safety:
| Level | Entity |
|---|---|
| Department | Law and Public Safety |
| Division | Consumer Affairs |
| Board | Real Estate Commission |
Commission Composition
The New Jersey Real Estate Commission consists of members appointed by the Governor:
- Licensed real estate brokers
- Public members representing consumers
- Members serve staggered terms
NJREC Authority and Functions
The New Jersey Real Estate Commission has broad regulatory authority:
| Function | Description |
|---|---|
| Licensing | Issue, renew, suspend, and revoke licenses |
| Education | Approve pre-license and continuing education providers |
| Enforcement | Investigate complaints and take disciplinary action |
| Rulemaking | Adopt rules under N.J.A.C. 11:5 |
| Consumer Protection | Protect public in real estate transactions |
New Jersey Real Estate Law
New Jersey real estate law is found in:
- N.J.S.A. 45:15 - New Jersey Real Estate License Act
- N.J.A.C. 11:5 - Real Estate Commission Rules
Key provisions include licensing requirements, prohibited conduct, trust fund handling, and disclosure requirements.
Exam Tip: NJREC can impose fines, require additional education, suspend or revoke licenses, and refer criminal matters for prosecution. Understanding the Commission's authority is frequently tested.
NJREC Contact Information
Address: 124 Halsey Street, Newark, NJ 07102 Phone: (973) 504-6370 Website: njconsumeraffairs.gov/rec
Under which division does the New Jersey Real Estate Commission operate?
Where are New Jersey real estate rules and regulations found?