N.J.A.C. 11:5-12.5A — Exemption from continuing education requirements

(a) A licensee who has 40 years or more of experience as a broker or broker-salesperson, including any equivalent experience as set forth in this section, may seek an exemption from the continuing education requirements set forth in the Act and at N.J.A.C. 11:5-12.3. The years of experience may be non-continuous. (b) A licensee seeking an exemption shall certify that they have 40 years of experience as follows: 1. Licensed as a broker or broker-salesperson in New Jersey; or 2. Licensed as a broker or broker-salesperson, or a license type substantially similar in nature and responsibility, in a jurisdiction that is a member of ARELLO. (c) A licensee seeking an exemption shall make their request, in writing, on a form prescribed by the Commission, which may be available at www.state.nj.us/dobi/division_rec/index.htm. The licensee shall provide documentation that corroborates their certification as to their 40 years of experience. (d) The exemption application shall be filed with the Commission on or before March 15 of the second year of the license term. (e) The Commission may seek additional information regarding the basis of a request for an exemption including, but not limited to, documentation related to licensure history, the jurisdiction issuing such license, and, with respect to jurisdictions that are not a member of ARELLO, information that demonstrates that the jurisdiction's licensing requirements are substantially similar to those of this State. (f) If the exemption is approved, the licensee shall be exempt from continuing education requirements for subsequent license terms and will not be required to submit any further exemption applications.