N.J.S.A. 45:15-12.3 — Revoked license, disability to act
NEW JERSEY REAL ESTATE LICENSING LAW LIBRARY
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. 45:15-12.3
Revoked license, disability to act
SOURCE TEXT
21. A person whose license has been revoked pursuant to R.S.45:15-17 or section 6 of P.L.1953, c.229 (C.45:15-19.1) shall not be a general partner, officer, director or owner, either directly or indirectly, of a controlling interest in a licensed partnership, limited partnership or corporation, nor shall the person be retained or employed in any capacity, or compensated in any manner by a licensee, nor shall the person occupy or share office space in a licensed office location for any purpose during the period of revocation.
L.1993,c.51,s.21.
Legislature compilation: through P.L.2026, c.30 and J.R.1. Text and source checked October 16, 2026. New Jersey Legislature, unannotated statutes.