Senate Commerce Committee Statement to Senate, No. 4219 (May 18, 2026)

Summary

Statement to Senate, No. 4219, from the Senate Commerce Committee of the State of New Jersey, dated May 18, 2026, reporting Senate Bill No. 4219 favorably. The statement says the bill revises the continuing education requirements for individuals licensed by the New Jersey Real Estate Commission, including an increase from up to 16 hours to 18 hours for biennial license renewal. It states that online, self-paced courses are to include passage of an examination with a minimum score of 75 percent, and that approved continuing education course providers are required to post a $15,000 bond to the commission.

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     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

                  SENATE, No. 4219

 STATE OF NEW JERSEY
                      DATED: MAY 18, 2026

    The Senate Commerce Committee reports favorably Senate Bill
No. 4219.
    This bill revises the continuing education requirements for
individuals licensed by the New Jersey Real Estate Commission and
makes certain changes to the regulation of continuing education
providers, instructors, and courses.
    The bill increases, from 30 to 36, the number of continuing
education hours required for a salesperson licensed with a real
estate referral company to qualify for licensure as a salesperson and
increases, from 30 to 45, the number of hours required for a
licensed broker, broker-salesperson or salesperson who has been a
salesperson licensed with a referral company to qualify for re-
licensure as a broker, broker-salesperson, or salesperson.
    The bill also increases, from up to 16 hours to 18 hours, the
amount of continuing education required as a condition of biennial
license renewal for brokers, broker-salespersons, and salespersons,
and imposes an additional 2 hours of continuing education in timely
topics if the commission determines, prior to each biennial license
term, that additional continuing education is necessary for a certain
license term. The bill establishes certain topics that are to comprise
14 of the required 18 hours of continuing education for brokers and
broker-salespersons and 10 of the required 18 hours for
salespersons. At least 2 hours of any of the continuing education
topics established by the bill, excluding Real Estate Licensee
Safety, are to be completed in an in-person classroom setting or
through a live webinar. These requirements do not apply to
salespersons licensed with a referral company, who are required
under the bill to complete 2 hours of continuing education in
Referral Responsibilities and Legal Updates as a condition of
biennial license renewal.
    The bill revises the methods of delivery and assessment of
continuing education courses.        Continuing education courses
delivered through a live webinar are to include periodic progress
assessments as a condition of receiving credit for attendance, and
online, self-paced courses are to include the passage of an
examination with a minimum score of 75 percent as a condition of
receiving credit for attendance. The commission is not permitted to
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require the passage of a comprehensive examination as condition of
receiving attendance credit for an in-person course.
    The bill exempts certain real estate schools from the
requirement that a school’s director is to be licensed as a real estate
instructor and approved by the commission. Specifically, a real
estate school is not required to be under the management and
supervision of a licensed real estate instructor if the school 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.
    The bill revises the membership of the Volunteer Advisory
Committee to include approved instructors of continuing education
courses. A member of the committee approved by the commission
as an instructor of continuing education is prohibited from
approving the member’s own continuing education course
application.
    Under the bill, continuing education course providers approved
by the commission are required to post a $15,000 bond to the
commission, which is to be forfeited if the commission determines
that the provider failed to comply with the provisions of the bill.
Additionally, continuing education course providers are authorized
to approve their own continuing education instructors and courses if
the 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. Additionally, individuals applying to the commission
for approval as a continuing education instructor are to meet certain
educational and experience requirements. To be eligible for
reapproval as a continuing education instructor, instructors are
required to provide proof of the instruction of two approved
continuing education courses in the previous biennial license term.
    The bill’s provisions are to apply to biennial real estate license
terms commencing on or after the bill’s effective date.


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