N.J.A.C. 11:5-12.3 — Continuing education requirements

(a) Unless granted a waiver pursuant to N.J.A.C. 11:5-12.5, to qualify for license renewal a broker, broker-salesperson, or salesperson shall, during the 24-month period prior to that renewal, complete 12 credits of approved instruction as set forth in this subchapter, two of which shall have been on the topic of ethics, except that: 1. A Commission-licensed real estate instructor or Commission-approved continuing education course instructor shall earn credit for teaching an approved continuing education course offered by an approved provider. Notwithstanding the number of times the instructor teaches an approved course during a two-year license term, the instructor shall earn the number of continuing education credits granted to a licensee who attends and completes that course one time during that license term; 2. A licensee who successfully completes one or more broker prelicensure courses as set forth at N.J.A.C. 11:5-2.1 shall be deemed to have fulfilled their continuing education requirement upon the conclusion of the license term during which the course was completed; and 3. A salesperson who is first licensed in the second year of the license term shall not be required to fulfill continuing education requirements to renew their license upon the conclusion of that license term. A salesperson first licensed during the first year of the license term shall complete the continuing education requirements to renew their license upon the conclusion of that license term. (b) A licensee who completes the continuing education requirements after May 1 of the second year in a license term, shall pay a processing fee of $ 200.00 to renew their license. Renewing licensees who complete the continuing education requirements on or before April 30 shall not be required to pay this fee. (c) The successful completion of an approved continuing education course shall not be considered for credit more than once in a license term. (d) When applying for renewal, licensees shall certify to the Commission, either directly or through their broker, that they have either met the continuing education requirement, were not required to do so for one of the reasons set forth at (a) above, or have received a waiver pursuant to N.J.A.C. 11:5-12.5. (e) This section shall not apply to any licensee approved for exemption from the continuing education requirement pursuant to N.J.A.C. 11:5-12.5A.