New Jersey 2026-2027 Regular Session

New Jersey Assembly Bill A4947

Introduced
5/7/26  
Refer
5/7/26  
Refer
5/28/26  

Caption

Revises continuing education requirements for real estate licensees and regulation of certain real estate continuing education providers, instructors, and courses.

Summary

This bill revises New Jersey’s continuing education and relicensure rules for real estate brokers, broker-salespersons, salespersons, and certain referral-company licensees. It increases the standard biennial continuing education requirement from 16 hours to 18 hours for brokers, broker-salespersons, and salespersons, while preserving a separate two-hour renewal requirement for salespersons licensed with a real estate referral company. The bill also reorganizes the required subject areas, specifying minimum hours in topics such as fair housing, ethics, current issues and legal updates, agency, real estate licensee safety, fiduciary responsibility, broker supervision, and timely topics as determined by the Real Estate Commission. The bill also changes how continuing education is delivered, approved, and monitored. It authorizes courses to be offered in person, via live webinar, or through online/self-paced formats, with testing or progress-assessment requirements depending on the delivery method. It expands and formalizes the Real Estate Commission’s authority over course providers, instructors, and courses, including approval standards, auditing and monitoring, fee-setting, and enforcement actions such as probation, suspension, revocation, and monetary penalties for violations. The bill creates a 14-member Volunteer Advisory Committee to recommend approvals and help administer the continuing education system. For licensees, the bill updates relicensure rules after lapses in licensure and adjusts requirements for referral-company licensees seeking broader licensure. It raises the amount of continuing education that certain referral-company licensees must complete to qualify for salesperson licensure from 30 hours to 36 hours, and for former brokers or salespersons seeking relicensure from 30 hours to 45 hours in some circumstances. It also retains or clarifies background-check requirements, application procedures, and reinstatement standards for lapsed licenses, while preserving special treatment for some applicants who were medically unable to renew or who left the field for public employment related to real estate. The bill’s impact on state law is to amend multiple provisions of Title 45 governing real estate licensing and continuing education, primarily by increasing required education hours, redefining core topics, and strengthening regulatory oversight of education providers and instructors. It would also require the Real Estate Commission to adopt implementing rules and would apply to biennial license terms beginning on or after July 1, 2027. In practical terms, the measure affects real estate professionals, schools, instructors, course providers, and the commission’s administrative processes. Because there are no committee transcripts or recorded votes provided, the overall sentiment cannot be measured from debate or roll call history. Based on the bill text alone, the measure appears generally regulatory and professionalizing in nature, with an emphasis on consumer protection, course quality, and standardized continuing education. The main points of potential contention are the higher education burden on licensees, the expanded oversight and penalty authority over providers and instructors, and the new committee-based approval structure, which may be viewed as increasing administrative complexity even as it aims to improve accountability and course integrity.

Impact

The bill amends R.S.45:15-9 and sections of P.L.2009, c.238 governing real estate continuing education, course approval, instructor qualifications, and renewal standards. It increases the biennial continuing education requirement for brokers, broker-salespersons, and salespersons to 18 hours, revises the required core topics and hour allocations, and maintains a separate two-hour renewal requirement for salespersons licensed with a real estate referral company. It also expands the Real Estate Commission’s authority to approve, audit, discipline, and penalize continuing education providers and instructors, and creates a Volunteer Advisory Committee to assist with approvals and administration. The changes apply to biennial license terms beginning on or after July 1, 2027.

Sentiment

No committee testimony or voting record was provided, so there is no documented public sentiment from hearings or floor action to summarize. On its face, the bill reflects a generally favorable policy approach toward stronger professional standards, consumer protection, and oversight of real estate education. At the same time, the measure likely imposes additional compliance obligations on licensees and education providers, which could generate concern from affected industry stakeholders.

Contention

The most likely areas of contention are the increase in required continuing education hours, the reallocation of mandatory core topics, and the commission’s expanded enforcement authority over course providers and instructors. Real estate licensees may object to the added time and cost burden, while schools and instructors may be concerned about new approval, auditing, and penalty provisions. The creation of a 14-member advisory committee and the commission’s discretion over timely topics and course approval could also draw scrutiny from those who prefer a simpler or more predictable regulatory process.

Companion Bills

NJ S4219

Same As Revises continuing education requirements for real estate licensees and regulation of certain real estate continuing education providers, instructors, and courses.

Similar Bills

No similar bills found.