CONTINUING EDUCATION A MUST FOR NJ REALTORS?

By
Real Estate Agent with Coldwell Banker Susani Realty

JUST SOME INFORMATION FOR THE REALTORS OF NEW JERSEY.

 

State of New Jersey DEPARTMENT OF BANKING AND INSURANCE REAL ESTATE COMMISSION JON S. CORZINE PO BOX 328 TRENTON, NJ 08625-0328 STEVEN M. GOLDMAN Governor TEL (609) 292-7272 FAX (609) 292-0944 Commissioner Visit us on the Web at www.njdobi.org New Jersey is an Equal Opportunity Employer • Printed on Recycled Paper and Recyclable NOTICE

THE ATTACHED REPORT DOES NOT CONSTITUTE OR DESCRIBE ANY FORMAL ACTION BY THE NEW JERSEY REAL ESTATE COMMISSION.

The Report was presented to the Real Estate Commissioners at their public meeting on April 29, 2008. The Report contains recommendations from a Task Force of industry experts and was submitted for the Commission's consideration and possible future action. To date, the Commission has taken no action on any of the recommendations in the report.

Robert L. Kinniebrew, Executive Director

New Jersey Real Estate Commission

INOREGS\RECnotice1.doc

 

New Jersey Real Estate Commission

Report and Recommendations

of the Executive Director's

Continuing Education Task Force

February, 2008

BACKGROUND

The discussion of Mandatory Continuing Education for real estate broker and salesperson licensees in New Jersey is not new. For many years, the debate has continued and opinions have been expressed as to the benefits of mandated education. The last formal attempt to implement a continuing education requirement was in the form of Assembly Bill No. 3567 introduced by Assemblyman Alex DeCroce in May of 2001. During 2001 and 2002, the Real Estate Commission had discussions with the New Jersey Association of REALTORS® who were seeking amendments to the bill. The legislation did not move forward.

With the exception of New Jersey, every State in the United States requires real estate licensees to complete continuing education as a condition of maintaining their real estate license.

In 2006, the NJAR formulated a task force to develop a survey. The main question on the survey was "Are you in favor of mandatory continuing education as a requirement for renewal of your real estate license in New Jersey? The result of the survey showed 51% No and 49% Yes.

In May of 2007, New Jersey Real Estate Commission Executive Director Robert Kinniebrew authorized the formation of a task force to research Continuing Education and make recommendations to the Real Estate Commissioners. Director Kinniebrew appointed Diane K. Disbrow, GRI, CRS, CRB, ABR to chair the Task Force. Working together, Director Kinniebrew and Ms. Disbrow identified individuals within the industry that they felt would be able to accomplish the assigned task while presenting diversified opinions on the various issues. Large and small brokers, a referral brokerage company, real estate educators, a commercial broker and others were selected to have a voice on the task force.

The following Commissioners, Commission staff members and eleven individuals served on the task force:

Diane K. Disbrow, Chair

BayShore Agency, Broker/Owner

Licensed instructor and pre-licensing school director

To: All Interested Parties

Re: Report and Recommendations of Continuing Education Task

Force

Date: May 2, 2008

 

IT SEEMS LIKE WE WILL HAVE TO TAKE THE CONTINUING EDUCATION COURSES LIKE MOST OTHER REALTORS OF OTHER STATES.  IS IT A GOOD THING OR A BAD THING?

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Rainmaker
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Laura Giannotta
Your Realtor Down the Shore!
Keller Williams Realty - Atlantic Shore

I am all for continuing education.  The question is who decides what the educational requirements will be.  If they're anything like the licensing class, forget it.  Courses on state mandates, agency definitions and contract negotiation sound good. Do you have a link for this report? 

May 12, 2008 11:59 AM
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Rainer
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Dennis Sanchez

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