N.J.S.A. 45:15-10.12 — Restrictions on persons with revoked license
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The New Jersey real estate licensing statutes. Browse license qualifications, education, brokerage duties and related provisions.
Legislature compilation: through P.L.2026, c.30 and J.R.1
Source text checked October 16, 2026. This independent reference reproduces the source compilation at the cutoff shown above; later changes may not yet appear. Check the official source ↗
N.J.S.A. 45:15-10.12
Restrictions on persons with revoked license
SOURCE TEXT
55. A person whose license has been revoked pursuant to section 54 of P.L.1993, c.51 (C.45:15-10.11) shall not be a general partner, officer, director or owner, either directly or indirectly, of a controlling interest in any licensed school, nor shall the person be retained or employed in any capacity, or compensated in any manner by a licensed school, nor shall the person occupy or share office space in a licensed school location for any purpose during the period of revocation.
L.1993,c.51,s.55.
Legislature compilation: through P.L.2026, c.30 and J.R.1. Text and source checked October 16, 2026. New Jersey Legislature, unannotated statutes.