New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 5 - REAL ESTATE COMMISSION
Subchapter 3 - LICENSING
Section 11:5-3.7 - Employment of salesperson or referral agent sponsored by broker
Universal Citation: NJ Admin Code 11:5-3.7
Current through Register Vol. 56, No. 18, September 16, 2024
(a) No broker shall knowingly sponsor an applicant for licensure as a real estate salesperson or referral agent who does not bear a good reputation for honesty and fair dealings.
(b) An application for licensure or renewal of licensure as a referral agent shall include a certification signed by the licensed real estate broker by whom the applicant is or will be employed confirming:
1. The
broker and the applicant have reviewed the restrictions imposed by law upon the
activities of a referral agent; and
2. The applicant or referral agent has
acknowledged that he or she is aware that the activities of a referral agent
are limited to referring prospective consumers of real estate brokerage
services only as set forth in
11:5-6.1 0(a)2.
(c) Applications for licensure as a referral agent other than renewal applications shall also contain a certification signed by the applicant confirming the statements in (b)1 and 2 above.
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