A 4947

[First Reprint]
ASSEMBLY, No. 4947
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MAY 7, 2026
Sponsored by:
Assemblyman� DAN HUTCHISON
District 4 (Atlantic, Camden and Gloucester)
Assemblyman� CODY D. MILLER
District 4 (Atlantic, Camden and Gloucester)
Assemblyman� MICHAEL INGANAMORT
District 24 (Morris, Sussex and Warren)
Senator� JOSEPH A. LAGANA
District 38 (Bergen)
Senator� CARMEN F. AMATO, JR.
District 9 (Ocean)
Co-Sponsored by:
Assemblyman Scharfenberger, Assemblywoman Carter,
Assemblyman Freiman and Senator Space
SYNOPSIS
���� Revises continuing education requirements for real
estate licensees and regulation of certain real estate continuing education
providers, instructors, and courses.
CURRENT VERSION OF TEXT
���� As reported by the Assembly Appropriations Committee
on June 8, 2026, with amendments.
��
An Act
concerning continuing education for real estate licensees 1[,] and1 amending various parts of
the statutory law 1[, and
supplementing chapter 15 of Title 45 of the New Jersey Statutes]1.
���� Be It
Enacted by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� R.S.45:15-9 is amended
to read as follows:
���� 45:15-9. a. All persons
desiring to become real estate brokers, broker-salespersons, or salespersons
shall apply to the commission for a license under the provisions of R.S.45:15-1
et seq.� Every applicant for a license as a broker, broker-salesperson, or
salesperson shall be of the age of 18 years or over, and in the case of an
association or a corporation the directors thereof shall be of the age of 18
years or over.� Application for a license, whether as a real estate broker,
broker-salesperson, or salesperson, shall be made to the commission upon forms
prescribed by it and shall be accompanied by an application fee of $50 which
fee shall not be refundable.� Every applicant for a license whether as a real
estate broker, broker-salesperson, or salesperson shall have the equivalent of
a high school education.� The issuance of a license to an applicant who is a
nonresident of this State shall be deemed to be his irrevocable consent that
service of process upon him as a licensee in any action or proceeding may be
made upon him by service upon the secretary of the commission or the person in
charge of the office of the commission.� The applicant shall furnish evidence
of good moral character, and in the case of an association, partnership or
corporation, the members, officers or directors thereof shall furnish evidence
of good moral character.� The commission may make such investigation and
require such proof as it deems proper and in the public interest as to the
honesty, trustworthiness, character and integrity of an applicant.� Any
applicant for licensure pursuant to this section and any officer, director,
partner or owner of a controlling interest of a corporation or partnership
filing for licensure pursuant to this section shall submit to the commission the
applicant's name, address, fingerprints and written consent for a criminal
history record background check to be performed.� The commission is hereby
authorized to exchange fingerprint data with and receive criminal history
record information from the State Bureau of Identification in the Division of
State Police and the Federal Bureau of Investigation consistent with applicable
State and federal laws, rules and regulations, for the purposes of facilitating
determinations concerning licensure eligibility.� The applicant shall bear the
cost for the criminal history record background check, including all costs of
administering and processing the check.� The Division of State Police shall
promptly notify the commissioner in the event a current holder of a license or
prospective applicant, who was the subject of a criminal history record
background check pursuant to this section, is arrested for a crime or offense
in this State after the date the background check was performed.� Every
applicant for a license as a broker or broker-salesperson shall have first been
the holder of a New Jersey real estate salesperson's license and have been
actively engaged on a full-time basis in the real estate brokerage business in
this State as a real estate salesperson for three years immediately preceding
the date of application, which requirement may be waived by the commission
where the applicant has been the holder of a broker's license in another state
and actively engaged in the real estate brokerage business for at least three
years immediately preceding the date of his application, meets the educational
requirements and qualifies by examination.� No license as a broker shall be
granted to a general partnership or corporation unless at least one of the
partners or officers of said general partnership or corporation qualifies as
and holds a license as a broker to transact business in the name and on behalf
of said general partnership or corporation as its authorized broker and no such
authorized broker shall act as a broker on his own individual account unless he
is also licensed as a broker in his individual name; the license of said
general partnership or corporation shall cease if at least one partner or
officer does not hold a license as its authorized broker at all times. �A
change in the status of the license of an authorized broker to an individual
capacity or vice versa shall be effected by application to the commission
accompanied by a fee of $50. No license as a broker shall be granted to a
limited partnership unless its general partner qualifies as and holds a license
as a broker to transact business in the name of and on behalf of the limited
partnership.� In the event that a corporation is a general partner of a limited
partnership, no license as a broker shall be granted to the limited partnership
unless the corporation is licensed as a broker and one of the officers of the
corporation qualifies as and holds a license as the corporation's authorized
broker.
���� b.��� An application for
licensure as a salesperson licensed with a real estate referral company and for
any renewal thereof shall include a certification signed by the licensed real
estate broker by whom the applicant is or will be employed or contracted, on a
form and in a manner prescribed by the commission, which certification shall
confirm that: the broker and the applicant or renewing salesperson licensed
with a real estate referral company have reviewed the restrictions imposed by
law upon the activities of a salesperson licensed with a real estate referral
company; and the applicant or salesperson licensed with a real estate referral
company has acknowledged that he is aware that such activity is limited to
referring prospective consumers of real estate brokerage services to that
broker.
���� c.��� In the event that a
person who held a broker, broker-salesperson or salesperson license fails to
renew that license and then, in the two years immediately following the
expiration date of the last license held, seeks to reinstate such license, the
commission shall require, as a condition to such reinstatement during that
two-year period, that the applicant submit proof of having completed the
continuing education requirement applicable to that license type in the
preceding license term.
���� d.��� In the event that any
person to whom a broker's or broker-salesperson's license has been or shall
have been issued shall fail to renew such license or obtain a new license for a
period of more than two but less than five consecutive years after the expiration
of the last license held, prior to issuing another broker or broker-salesperson
license to the person, the commission shall require such person to complete the
continuing education requirements applicable to salesperson licensees in the
preceding license term, to work as a licensed salesperson on a full-time basis
for one full year, to pass the broker's license examination, and to
successfully complete a 90-hour general broker's pre-licensure course at a
licensed real estate school, as the commission shall prescribe by regulation.�
In the event that any person to whom a broker's or broker-salesperson's license
has been or shall have been issued fails to maintain or renew the license or
obtain a new license for a period of more than five consecutive years after the
expiration of the last license held, prior to issuing another broker or
broker-salesperson license to the person the commission shall require the
person to pass the salesperson's license examination and then to work as a
licensed salesperson on a full-time basis for three years, to fulfill all of
the educational requirements applicable to first time applicants for a broker
or broker-salesperson license and to pass the broker's license examination.�
The commission may, in its discretion, approve for relicensure the former
holder of a broker or broker-salesperson license who has not renewed the
license or obtained a new license for two or more consecutive years upon a
sufficient showing that the applicant was medically unable to do so.� All applicants
so approved shall pass the broker's license examination and complete the
continuing education requirements applicable to broker licensees in the
preceding licensure term prior to being relicensed.� This subsection shall not
apply to a person reapplying for a broker's or broker-salesperson's license who
was licensed as a broker or broker-salesperson and who allowed his license to
expire due to subsequent employment in a public agency in this State with
responsibility for dealing with matters relating to real estate if the person
reapplying does so within one year of termination of that employment.
���� e.��� In the event that any
person to whom a salesperson's license, including a salesperson's license with
a real estate referral company, has been or shall have been issued shall fail
to maintain or renew such license or obtain a new license for a period of two
consecutive years or more after the expiration of the last license held, the
commission shall require such person to attend a licensed school and pass the
State examination prior to issuance of a further license.� The commission may,
in its discretion, approve for relicensure a salesperson applicant, including a
salesperson applicant licensed with a real estate referral company, who has not
renewed his license or obtained a new license for two or more consecutive years
upon a sufficient showing that the applicant was medically unable to do so.�
All salesperson applicants, including salesperson applicants licensed with a
real estate referral company, so approved shall pass the salesperson's license
examination and [,
with respect to salespersons, except those salespersons licensed with a real
estate referral company,]
complete the continuing education requirements applicable to salesperson licensees
or salespersons licensed with a real estate referral company in the
preceding licensure term prior to being relicensed.� Nothing in this section
shall be construed to require a salesperson licensed with a real estate
referral company to complete the continuing education requirements applicable
to salesperson licensees as a condition of license renewal under this section
or section 23 of P.L.2009, c.238 (C.45:15-16.2a).� This subsection shall not
apply to a person reapplying for a salesperson's license, including a
salesperson reapplying for licensure with a real estate referral company, who
was a licensed salesperson, including a salesperson licensed with a real estate
referral company, and who allowed his license to expire due to subsequent
employment in a public agency in this State with responsibility for dealing
with matters relating to real estate if the person reapplying does so within
one year of termination of that employment.
���� f.���� A salesperson licensed
with a real estate referral company who was not previously licensed as a
broker, broker-salesperson, or salesperson and who has been a salesperson
licensed with a real estate referral company for the six immediately preceding
years or any lesser period of time shall, in order to qualify for licensure as
a salesperson, complete up to [30] 36
hours of continuing education as prescribed by commission rule.�
���� g.��� A salesperson licensed
with a real estate referral company who was not previously licensed as a
broker, broker-salesperson or salesperson and who has been a salesperson
licensed with a real estate referral company for more than the six immediately
preceding years shall, in order to qualify for licensure as a salesperson, be
required to complete the pre-licensure education requirement applicable to
candidates for licensure as a salesperson and pass the State license
examination.� A person who was previously licensed as a broker,
broker-salesperson or salesperson and who has been a salesperson licensed with
a real estate referral company shall, in order to qualify for relicensure as a
broker, broker-salesperson or salesperson, as applicable, complete up to [30] 45
hours of continuing education as prescribed by commission rule.
���� h.��� Any salesperson licensed
with a real estate referral company seeking licensure as a real estate broker,
broker-salesperson or salesperson shall make application for such license on a
form as prescribed by the commission, pay all application and licensure fees as
set forth herein, furnish to the commission evidence of the salesperson's good
moral character, and be subject to investigation by and required to produce to
the commission such proof of the salesperson's honesty, trustworthiness and
integrity as the commission deems proper and in the public interest.
���� i.���� Upon the effective date
of P.L.2018, c.71 (C.45:15-3.2 et al.), any person licensed as a referral agent
through a real estate referral company shall be deemed to be a salesperson
licensed with a real estate referral company until the next renewal of licenses
by the commission.� All requirements set forth in subsections f., g., and h. of
this section with respect to licensure and length of experience as a
salesperson licensed with a real estate referral company shall include
licensure and length of experience as a referral agent licensed with a real
estate referral company.
(cf: P.L.2018, c.71, s.4)
���� 1[2. Section 51
of P.L.1993, c.51 (C.45:15-10.8) is amended to read as follows:
���� 51.� A school shall not be
licensed as a real estate school unless it is under the management and
supervision of a director who is approved by the commission and who is licensed
as a real estate instructor in accordance with the provisions of this act.� In
the event of the death or mental or physical incapacity of the director of a
licensed real estate school, which leaves no other owner or employee of the
school licensed as a real estate instructor and willing to assume the
responsibilities of the director on an interim or permanent basis, the
commission may issue temporary authorization to another person to enable that
person to carry on the duties of the director until such time as either another
licensed instructor is designated by the school and approved by the commission
as the director, or until such time as the real estate courses in progress at
the time of the former director's death or incapacity are completed.� A school
shall not commence any new real estate courses until a qualified licensee is designated
and approved as the school's director.�
���� The provisions of this section
shall not apply to a real estate school that provides proof to the
commission of at least 20,000 successful completions by real estate licensees
of continuing education courses provided by the school in the previous biennial
license term; any public adult education program conducted under the
auspices of a board of education in this State; or any accredited
college or university licensed as real estate schools.
(cf: P.L.1993, c.51, s.51)]1
���� 1[3.] 2.1���� Section
23 of P.L.2009, c.238 (C.45:15-16.2a) is amended to read as follows:
���� 23. a. The New Jersey Real
Estate Commission shall require each natural person licensed as a real estate
broker, broker-salesperson or salesperson, as a condition of biennial license
renewal pursuant to R.S.45:15-10, to complete [not
more than 16]
18 hours of continuing education requirements imposed by the commission
pursuant to this section and sections 24 through 28 of P.L.2009, c.238
(C.45:15-16.2a through 45:15-16.2f) and an additional two hours of
continuing education in timely topics if prescribed by the commission pursuant
to paragraph (8) of subsection b. of this section, except that [a] each
salesperson licensed with a real estate referral company shall [not] only
be required to complete [the] two hours
of continuing education [requirements] in
Referral Responsibilities and Legal Updates as a condition of biennial
license renewal. This subsection shall not apply to any real estate broker or
broker-salesperson who has been a real estate broker or broker-salesperson for
40 years or more, which shall include any equivalent experience in any other
jurisdiction as determined by the commission.
���� b.��� The commission shall:
���� (1) (a) Approve continuing
education courses, course providers, and instructors recommended to the
commission by the Volunteer Advisory Committee created pursuant to subparagraph
(b) of this paragraph.� 1The
commission shall approve or deny a continuing education course, course
provider, or course instructor application recommended for approval by the
committee at the next regularly scheduled meeting of the commission following
receipt of the recommended application.� If the commission is not scheduled to
meet within 30 days of receipt of a recommended application, the commission
shall designate personnel assigned to the commission pursuant to R.S.45:15-7 to
approve or deny the recommended application.1 Schools licensed by the
commission as real estate schools pursuant to section 47 of P.L.1993, c.51
(C.45:15-10.4) shall be deemed approved providers of continuing education
courses.� Persons licensed by the commission as real estate instructors
pursuant to section 48 of P.L.1993, c.51 (C.45:15-10.5) shall be deemed
approved instructors of continuing education courses in [core] topics as set
forth in section 27 of P.L.2009, c.238 (C.45:15-16.2e).� Real estate trade
associations that qualify under the standards to be established by commission
rule as approved providers may offer approved continuing education courses.
���� (b)� There is hereby created a
Volunteer Advisory Committee which shall consist of 14 members to be comprised
of real estate licensees, approved instructors of continuing education
courses, and other subject matter experts, whose members shall be appointed
by and serve at the pleasure of the Commissioner of Banking and Insurance.� One
real estate licensee shall be selected upon the recommendation of the President
of the Senate and one real estate licensee shall be selected upon the
recommendation of the Speaker of the General Assembly.� Three members of the
advisory committee shall be members of the commission or their designees, and
not less than eight of the members, other than the commission members, shall be
real estate licensees.� Members shall be appointed to effect balanced
geographic representation from the central, northern and southern areas of the
State, with not less than three members serving from each of these areas at any
time on the advisory committee.� A member of the advisory committee approved
by the commission as an instructor of continuing education courses shall not
approve their own continuing education course application.
���� Members shall be appointed by
the Commissioner of Banking and Insurance no later than 60 days following the
enactment date of this act.� The first meeting of the advisory committee shall
be held no later than 30 days from the date the commission adopts initial
regulations for the effectuation of this act.
���� (2)� Confer continuing
education credits for courses completed in other states on topics approved by
the commission [as
appropriate for elective courses],
provided that such courses have been approved as continuing education courses
by the agency exercising regulatory authority over the real estate licensees of
another state and that satisfactory evidence of licensees' attendance at and
completion of such courses is provided to the commission by the course
provider.
���� (3)� Confer continuing
education credits for courses completed and offered in this State on topics
deemed of a timely nature which have not been granted prior approval by the
advisory committee, provided that such courses are advertised prior to the time
of offering as not having been approved; that the course provider shall submit
such course offering for approval and the course is subsequently approved as
provided in subparagraph (a) of paragraph (1) of this subsection; and that
satisfactory evidence of licensees' attendance at and completion of such
courses is provided to the commission by the course provider.
���� (4)� Set parameters for the
auditing and monitoring of course providers1[, including providers
authorized to approve their own continuing education instructors and courses
pursuant to section 28 of P.L.2009, c.238 (C.45:15-16.2f)]1.
���� (5)� Establish, by regulation,
the amounts of application fees payable by persons seeking approval as
continuing education course providers, persons seeking approval of continuing
education courses, and persons other than instructors of pre-licensure real estate
education courses licensed by the commission pursuant to section 48 of
P.L.1993, c.51 (C.45:15-10.5), seeking approval as instructors of continuing
education courses.� These fees shall be non-refundable and shall be in amounts
which do not exceed the costs incurred by the commission to review these
applications.
���� (6)� Have the authority to
waive continuing education requirements, in whole or in part, on the grounds of
illness, emergency, hardship or active duty military service.
���� (7)� Confer continuing
education credits upon a person who is licensed by the commission as a real
estate instructor or as a broker, broker-salesperson or salesperson for
teaching an approved continuing education course offered by an approved
provider.� Regardless of the number of times during a biennial license term
that the same approved course is taught by that person, the person shall
receive credit toward the continuing education requirement for the renewal of
the person's broker, broker-salesperson or salesperson license, as applicable,
only in the number of credit hours conferred upon licensees who attend and
complete that course one time during that biennial license term.
���� (8) Determine, pursuant to
subsection a. of this section and in advance of each biennial license term,
whether additional continuing education in timely topics shall be required as a
condition of biennial license renewal for a certain license term and, if
additional continuing education shall be required, determine the required
topics.
���� (9)� Approve continuing
education instructors who meet at least one of the following:
���� (a)�� a professor of real
estate, finance, business, economics, or a related field at an accredited
college or university;
���� (b)� a specialist with a
college degree or experience teaching one or more subjects in a topic noted in
the individual�s application for approval;
���� (c)�� an individual who
possesses at least five years of full-time experience in a profession, trade,
or technical occupation in the real estate field related to the subject matter
proposed for instruction;
���� (d)� a real estate
instructor licensed or otherwise authorized in another state who can
demonstrate proof of expertise in the subject matter proposed for instruction;
���� (e)�� a member in good
standing of the bar of the State of New Jersey, or the bar of the highest court
of another state, who is engaged in a field of law related to real estate; or
���� (f)�� an individual who can
demonstrate teaching qualifications through education, experience, or both.
���� An individual with teaching
experience shall include a resume detailing the teaching experience with an
application.
���� 1(10)
Investigate a continuing education course, course provider, or course
instructor suspected to be in violation of the provisions of this section.� The
commission may place on probation, suspend, or revoke the approval of a course,
course provider, or course instructor found by the commission to be in
violation of the provisions of this section or may, as an alternative to that
probation, suspension, or revocation, impose on a course provider or course
instructor a penalty of not more than $5,000 for the first violation, and a
penalty of not more than $10,000 for any subsequent violation, which penalty
shall be sued for and recovered by and in the name of the commission and shall
be collected and enforced by summary proceedings pursuant to the �Penalty
Enforcement Law of 1999,� P.L.1999, c.274 (C.2A:58-10 et seq.).1
(cf: P.L.2018, c.71, s.13)
���� 1[4.] 3.1� Section
24 of P.L.2009, c.238 (C.45:15-16.2b) is amended to read as follows:
���� 24.� Continuing education
courses may be delivered in [a] an
in-person classroom setting or via the Internet or video modalities,
subject to the approval by the New Jersey Real Estate Commission of the
providers and the content of such courses and of the measures utilized to
ensure the security and integrity of the course delivery process.� The
commission may approve continuing education courses [which include]
delivered through a live webinar, provided that such a course includes
periodic progress assessments [and
the achievement of a satisfactory level of performance by the licensee on such
progress assessments]
as a condition [to
continuing to a succeeding segment of the course] of receiving credit for
attendance. The commission may approve an online, self-paced continuing
education course via the Internet or video modalities provided that a course
includes the passage of an examination with a minimum score of 75 percent as a
condition of receiving credit for attendance.� The commission shall not
require, as a condition of the receipt of credit for attendance at any in-person
continuing education course, that a licensee pass a comprehensive examination
testing the licensee's knowledge of the entire course content.
(cf: P.L.2018, c.71, s.14)
���� 1[5.] 4.1� Section
27 of P.L.2009, c.238 (C.45:15-16.2e) is amended to read as follows:
���� 27. a. Not less than [50 percent]
14 of the 18 hours of continuing education [courses of
study]
that a broker [,] or
broker-salesperson [,
or salesperson are]
is required to complete as a condition for license renewal shall be
comprised of [one
or more of]
the following [core] topics, except
that a broker or broker-salesperson shall complete at least two hours of
continuing education in one or more of the following topics, excluding Real
Estate Licensee Safety, in an in-person classroom setting or through a live
webinar:
���� (1)� [Agency] two hours
in Fair Housing;
���� (2)� [Disclosure] three
hours in Ethics;
���� (3)� [Legal issues] two hours
in Current Issues and Legal Updates;
���� (4)� [Ethics, which
shall not be less than two hours]
two hours in Agency;
���� (5)� [Fair housing] one hour
in Real Estate Licensee Safety;;
���� (6)� [Rules and
regulations]
two hours in Fiduciary Responsibility;
���� (7)� [Real estate
licensee safety]
two hours in Broker Supervision; and
���� (8)� [Financial
literacy and planning; and]
up to two hours in Timely Topics if prescribed by the commission pursuant to
paragraph (8) of subsection b. of section 23 of P.L.2009, c.238
(C.45:15-16.2a).
���� (9)� [Any other core
topics that the New Jersey Real Estate Commission may prescribe by rule.] (Deleted
by amendment,
P.L.��� , c.��� ) (pending before the Legislature as this bill)
���� [In no event shall the commission
require that courses in these core topics comprise more than 60 percent of the
total continuing education hours required for the renewal of any license.]
���� b.��� [In the case of
continuing education courses and programs, each hour of instruction shall be
equivalent to one credit.]�
(Deleted by amendment, P.L.��� , c.��� ) (pending before the Legislature as
this bill)
���� c.��� [Notwithstanding
the provisions of subsection a. of this section, the commission shall require
that the continuing education courses of study that a broker,
broker-salesperson, or salesperson are required to complete as a condition for
license renewal shall be comprised of at least one hour on the core topic of
fair housing and housing discrimination during each biennial license term.] (Deleted
by amendment, P.L.��� , c.��� ) (pending before the Legislature as this bill)
���� d.��� [Notwithstanding
the provisions of subsection a. of this section, the commission shall require
that a continuing education course on agency be completed by a broker,
broker-salesperson, and salesperson as a condition for license renewal during
each biennial license term.]
(Deleted by amendment, P.L.��� , c.��� ) (pending before the Legislature as
this bill)
���� e.��� Not less than 10 of
the 18 hours of continuing education that a salesperson is required to complete
as a condition for license renewal shall be comprised of the following topics, except
that a salesperson shall complete at least two hours of continuing education in
one or more of the following topics, excluding Real Estate Licensee Safety, in
an in-person classroom setting or through a live webinar:
���� (1)� two hours in Fair
Housing;
���� (2)� three hours in Ethics;
���� (3)� two hours in Current
Issues and Legal Updates;
���� (4)� two hours in Agency;
���� (5)� one hour in Real
Estate Licensee Safety; and
���� (6)� up to two hours in
Timely Topics if prescribed by the commission pursuant to paragraph (8) of
subsection b. of section 23 of P.L.2009, c.238 (C.45:15-16.2a).
���� f.���� A real estate
salesperson licensed with a referral company shall only be required to complete
2 hours of continuing education in Referral Responsibilities and Legal Updates
as a condition of biennial license renewal, which course shall not count
towards the continuing education requirements required for real estate brokers,
broker-salespersons, or salespersons.
(cf: P.L.2024, c.32, s.16)
���� 1[6. Section 28
of P.L.2009, c.238 (C.45:15-16.2f) is amended to read as follows:
���� 28. Course providers shall [maintain]:
���� a.��� Maintain records
of the successful completion of continuing education courses by licensees and
shall transmit this data to the New Jersey Real Estate Commission or its
designee in a manner as directed by the commission;
���� b.��� Post a $15,000 bond
to the commission, which shall be forfeited if the course provider fails, as
determined by the commission, to comply with the provisions of P.L.��� , c.���
(pending before the Legislature as this bill); and
���� c.��� Be authorized to
approve their own continuing education instructors and courses, provided that
the course provider provides proof to the commission of at least 20,000
successful completions by real estate licensees of continuing education courses
provided by the school in the previous biennial license term.
(cf: P.L.2009, c.238, s.28)]1
���� 1[7. (New
section) A continuing education instructor approved by the commission prior to
the date of enactment of P.L.��� , c.��� (pending before the Legislature as
this bill) shall provide proof to the commission that the instructor taught at
least two approved continuing education courses in the previous biennial
license term to be eligible for reapproval as a continuing education
instructor.]1
���� 1[8.] 5.1� (New
section) The New Jersey Real Estate Commission shall adopt rules and
regulations pursuant to the �Administrative Procedure Act,� P.L.1968, c.410
(C.52:14B-1 et seq.), necessary to effectuate the purposes of this act.
���� 1[9.] 6.1� This
act shall take effect July 1, 2027, and shall apply to all biennial real estate
license terms commencing on or after that date, except that the New Jersey Real
Estate Commission shall take such anticipatory rulemaking and other
administrative action in advance as shall be necessary for the implementation
of this act.