Senate Commerce Committee Statement to Senate, No. 4219 — State of New Jersey (May 18, 2026)

Summary

The Senate Commerce Committee of the State of New Jersey, in a statement dated May 18, 2026, reports favorably Senate Bill No. 4219. The bill revises continuing education requirements for individuals licensed by the New Jersey Real Estate Commission, raising biennial renewal hours for brokers, broker-salespersons and salespersons from up to 16 hours to 18 hours and setting required topics. Online, self-paced courses must include an examination with a minimum score of 75 percent, and live webinars must include periodic progress assessments. Approved course providers must post a $15,000 bond, and providers with at least 20,000 successful completions in the previous term may approve their own instructors and courses.

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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 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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