reglab/housing_qa huggingface dataset:
NJ Rev Stat § 45:15-10.9 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-10.9 - Director of public adult education program

45:15-10.9. Director of public adult education program  52. No public adult education program conducted under the auspices of a board of education in this State and no accredited college or university in this State shall be licensed as a real estate school unless its real estate pre-licensure education program is under the supervision of a director who is a licensed real estate instructor or an individual who has affirmatively demonstrated to the commission his good moral character and has attended a real estate instructor course approved by the commission within two years of applying to the commission for approval as the director of the real estate program. In the event of the death or physical or mental incapacity of the director of a public adult education program or the director of a college or university licensed as a real estate school, which leaves no other employee licensed as a real estate instructor or otherwise qualified to be the director of the program and willing to assume the responsibilities of the director on an interim or permanent basis, the commission may issue a 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 or qualified person 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. New courses shall not be commenced by the school until a qualified person is designated and approved as the director of the school.  L.1993,c.51,s.52.
NJ Rev Stat § 45:15-10.10 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-10.10 - Real estate school, instructor license

45:15-10.10. Real estate school, instructor license  53. Upon application to the commission and payment of the prescribed license fee no later than January 1, 1994, any school and instructor then designated by the commission as an approved school or instructor shall, subject to the results of the commission's investigation into the good moral character of the applicant, be issued a real estate school or instructor license.  L.1993,c.51,s.53.
NJ Rev Stat § 45:15-10.11 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-10.11 - Grounds for suspension, revocation of real estate school instructor license.

45:15-10.11 Grounds for suspension, revocation of real estate school instructor license.  54. The commission may suspend or revoke the license of any real estate school or instructor or impose fines as provided in R.S.45:15-17 upon satisfactory proof that the licensee is guilty of:  a. Making any false promise or substantial misrepresentation; b. Pursuing a flagrant and continued course of misrepresentation or making false promises through agents, advertisements or otherwise;  c. Engaging in any conduct which demonstrates unworthiness, incompetency, bad faith or dishonesty;  d. Failing to provide a student with a copy of a written agreement which designates the total tuition charges for attendance at a real estate pre-licensure or continuing education course offered by a licensed school, or other charges imposed upon students who enroll in the course, and the refund policy of the school in regard to tuition and other charges;  e. Using any plan, scheme or method of attracting students to enroll in a real estate pre-licensure or continuing education course which involves a lottery, contest, game, prize or drawing;  f. Being convicted of a crime, knowledge of which the commission did not have at the time of last issuing a license to the licensee;  g. Procuring a real estate license for himself or anyone else by fraud, misrepresentation or deceit;  h. Making any verbal or written statement which falsely indicates that a person attended or successfully completed any real estate pre-licensure or continuing education course conducted by the licensee; or  i. Any other conduct whether of the same or of a different character than specified in this section which constitutes fraud or dishonest dealing.  L.1993, c.51, s.54; amended 2009, c.238, s.6.
NJ Rev Stat § 45:15-10.12 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-10.12 - Restrictions on persons with revoked license

45:15-10.12. Restrictions on persons with revoked license  55. A person whose license has been revoked pursuant to section 54 of P.L.1993, c.51 (C.45:15-10.11) shall not be a general partner, officer, director or owner, either directly or indirectly, of a controlling interest in any licensed school, nor shall the person be retained or employed in any capacity, or compensated in any manner by a licensed school, nor shall the person occupy or share office space in a licensed school location for any purpose during the period of revocation.  L.1993,c.51,s.55.
NJ Rev Stat § 45:15-10.13 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-10.13 - Revocation of license of school; exceptions

45:15-10.13. Revocation of license of school; exceptions  56. Upon the revocation of the instructor license issued to any partner, officer, director or owner of a controlling interest in any licensed school, the commission shall revoke the license of the school unless, within a period of time fixed by the commission, the following conditions are fulfilled: a. in the case of a licensed school owned by a partnership, the connection of the partner whose instructor license has been revoked to the school shall be severed and his interest in the school shall be divested; or b. in the case of a licensed school owned by a corporation, the officer, director or owner of a controlling interest whose instructor license has been revoked shall be terminated from the position and, where an owner of a controlling interest, his ownership of the interest shall be divested; or c. in the case of a limited partnership, if the person whose instructor license has been revoked was a general partner, his interest in the school shall be divested or, if the person whose instructor license was revoked was a limited partner, his interest in the school shall be divested if it constituted a controlling interest as defined herein. For the purposes of this section, the term "controlling interest" means 5% or more of the equity of a licensed corporation or of the ownership of a partnership.  L.1993,c.51,s.56.
NJ Rev Stat § 45:15-10.14 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-10.14 - Power, authority of commission

45:15-10.14. Power, authority of commission  57. The commission is expressly vested with the power and authority to promulgate and enforce all necessary rules and regulations for the conduct of the business of real estate schools offering pre-licensure and continuing education courses consistent with the provisions of this amendatory and supplementary act.  L.1993,c.51,s.57.
NJ Rev Stat § 45:15-11 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-11 - Disabled war veterans; granting of license.

45:15-11 Disabled war veterans; granting of license.  45:15-11. Any citizen of New Jersey who has served in the armed forces of the United States or who served as a member of the American Merchant Marine during World War II and is declared by the United States Department of Defense to be eligible for federal veterans' benefits, who has been honorably discharged, and who, having been wounded or disabled in the line of duty, has completed a program of courses in real estate approved by the New Jersey Real Estate Commission, and who has successfully passed an examination conducted by said commission qualifying him to operate as a real estate broker, broker-salesperson, or salesperson, may, upon presentation of a certificate certifying that he has completed such program of courses as aforesaid, obtain without cost from the commission and without qualification through experience as a salesperson, a license to operate as a real estate broker, broker-salesperson, or a real estate salesperson, as the case may be, which licenses shall be the same as other licenses issued under R.S.45:15-1 et seq. Renewal of licenses may be granted under this section for each ensuing license term, upon request, without fees therefor. amended 1953, c.77, s.2; 1977, c.331, s.6; 1991, c.389, s.33; 1993, c.51, s.11; 1996, c.38, s.2; 2009, c.238, s.7; 2018, c.71, s.7.
NJ Rev Stat § 45:15-11.3 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-11.3 - Issuance of temporary broker's license

45:15-11.3. Issuance of temporary broker's license  1. In the event of the death or mental or physical incapacity of a licensed real estate broker where no other member or officer in the agency, copartnership, association or corporation of which he was a member or officer is the holder of a broker-salesperson's license or where an individual broker operating as a sole proprietor dies or is mentally or physically incapacitated leaving no employee holding a real estate broker-salesperson's license, then the Real Estate Commission may issue a temporary broker's license on a special form to another person for the purpose of enabling such other person to continue the real estate activities on behalf of and under the same designation of said agency, copartnership, association, corporation or individual, as the case may be, upon the filing of an application and a certified copy of the death certificate or a certification of mental or physical incapacity executed by a duly licensed physician or officer of a medical institution, together with payment of the regular license fee; provided such other person has been the holder of a real estate salesperson's license for at least three years immediately preceding the date of the application and provided that said application shall have been made within 30 days from date of the demise or incapacity of said broker.  Such temporary license shall continue only until the licensee is afforded an opportunity of pursuing the approved broker's course in accordance with the provisions of subsection b. of section 1 of P.L.1966, c.227 (C.45:15-10.1) and qualifying by examination. Such license may be issued and effective for a period of one year from the date of issuance. Such temporary license shall not be extended or renewed.  L.1970,c.255,s.1; amended 1993,c.51,s.12.
NJ Rev Stat § 45:15-12 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12 - Broker to maintain office.

45:15-12 Broker to maintain office.  45:15-12. Every real estate broker shall maintain a designated main office open to the public. A real estate broker's main office shall have prominently displayed therein the license certificate of the broker and all licensed persons in his employ and shall be deemed the business address of all licensed persons for all purposes under chapter 15 of Title 45 of the Revised Statutes. In case a real estate broker maintains more than one place of business, a branch office license shall be issued to such broker for each branch office so maintained in this State; provided, however, that the said branch office or offices are under the direct supervision of a broker-salesperson. The branch office license or licenses shall be issued upon the payment of a fee of $50 for each license so issued. Every place of business maintained by a real estate broker shall have conspicuously displayed on the exterior thereof the name in which the broker is authorized to operate and, in the case of a corporation or partnership, the name of the individual licensed as its authorized broker, and the words Licensed Real Estate Broker. A real estate broker whose main office is located in another state shall maintain a valid real estate broker's license in good standing in the state where the office is located.  The provisions of this section shall apply to any real estate broker who supervises a real estate referral company as defined under R.S.45:15-3. amended 1953, c.229, s.4; 1966, c.11, s.1; 1993, c.51, s.13; 2003, c.117, s.34; 2018, c.71, s.8.
NJ Rev Stat § 45:15-12.1 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.1 - Bars to issuance of license.

45:15-12.1 Bars to issuance of license.  8. No license shall be issued by the commission to any person known by it to have been, within five years theretofore, convicted of forgery, burglary, robbery, any theft offense other than shoplifting, criminal conspiracy to defraud, or other like offense or offenses, or to any copartnership of which such person is a member, or to any association or corporation of which said person is an officer, director, or employee, or in which as a stockholder such person has or exercises a controlling interest either directly or indirectly. No license shall be issued or renewed by the commission to any person known by it to have been convicted of any sex offense that would qualify the person for registration pursuant to section 2 of P.L.1994, c.133 (C.2C:7-2) or under an equivalent statute of another state or jurisdiction.  L.1953, c.229, s.8; amended 1989, c.126, s.6; 1993, c.51, s.14; 2018, c.71, s.9.
NJ Rev Stat § 45:15-12.2 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.2 - Repeal

45:15-12.2. Repeal  Sections 45:15-30 to 45:15-33, inclusive, of the Revised Statutes are repealed. L.1953, c. 229, p. 1693, s. 9.
NJ Rev Stat § 45:15-12.3 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.3 - Revoked license, disability to act

45:15-12.3. Revoked license, disability to act  21. A person whose license has been revoked pursuant to R.S.45:15-17 or section 6 of P.L.1953, c.229 (C.45:15-19.1) shall not be a general partner, officer, director or owner, either directly or indirectly, of a controlling interest in a licensed partnership, limited partnership or corporation, nor shall the person be retained or employed in any capacity, or compensated in any manner by a licensee, nor shall the person occupy or share office space in a licensed office location for any purpose during the period of revocation.  L.1993,c.51,s.21.
NJ Rev Stat § 45:15-12.4 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.4 - Revocation of partnership, corporate license

45:15-12.4. Revocation of partnership, corporate license  22. Upon the revocation of the license issued to any partner, officer, director or owner of a controlling interest in any licensed partnership, limited partnership or corporation, the commission shall revoke the license of the partnership or corporation unless, within a period fixed by the commission, the following conditions are fulfilled: a. in the case of a partnership, the connection of the partner whose license has been revoked to the licensee shall be severed and his interest in the licensee shall be divested; b. in the case of a corporation, the officer, director or owner of a controlling interest whose license has been revoked shall be terminated from the position and, where an owner of a controlling interest, his ownership of the interest shall be divested; or c. in the case of a limited partnership, if the person whose license has been revoked is the general partner, the connection of that person to the licensee shall be severed and his interest in the licensee shall be divested or, if the person whose license was revoked is a limited partner, his interest in the licensee shall be divested if it constituted a controlling interest as defined herein. For the purposes of this section, the term "controlling interest" means 5% or more of the equity of a licensed corporation or of the ownership of a partnership.  L.1993,c.51,s.22.
NJ Rev Stat § 45:15-12.5 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.5 - Maintenance of special account required

45:15-12.5. Maintenance of special account required  42. a. Every individual, partnership or corporation licensed as a real estate broker shall maintain in a State or federally chartered bank, savings bank, savings and loan association or other depository institution physically located and authorized to transact business in this State and approved by the commission a special account into which the broker shall deposit and maintain all monies received while acting in the capacity of a real estate broker, or as escrow agent, or as the temporary custodian of funds of others in real estate transactions in this State. The account shall be maintained in the name in which the individual, partnership or corporation is licensed to do business as a broker and shall be designated as either the broker's "trust account" or "escrow account" and shall be maintained separate and apart from all other personal and business accounts. All checks and deposit slips produced as a result of the establishment of the account shall contain the words "trust account" or "escrow account." The provisions of this subsection shall not apply to an individual licensed as a broker-salesperson.  b. A real estate broker may establish a special interest bearing escrow account under the broker's control in a depository institution approved by the commission for the deposit of monies from a specific transaction provided the account is clearly identified as pertaining to that transaction. Such accounts shall be maintained separate and apart from all other escrow, business and personal funds.  L.1993,c.51,s.42.
NJ Rev Stat § 45:15-12.6 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.6 - Approval of depository institution

45:15-12.6. Approval of depository institution  43. The commission shall approve a depository institution as required pursuant to section 42 of this amendatory and supplementary act upon the institution providing written confirmation to the commission that it shall immediately notify the commission of any issuance of a notice to a licensed broker that a check or other instrument written upon the broker's escrow or trust account has been dishonored or returned for insufficient funds.  L.1993,c.51,s.43.
NJ Rev Stat § 45:15-12.7 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.7 - Agent, custodian may not use interest on escrow funds

45:15-12.7. Agent, custodian may not use interest on escrow funds  44. A real estate broker acting in the capacity of an escrow agent or as the temporary custodian of the funds of others in any real estate transaction shall not receive, obtain or use any interest earned on the funds for the broker's own personal or business use.  L.1993,c.51,s.44.
NJ Rev Stat § 45:15-12.8 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-12.8 - Acceptance of monies.

45:15-12.8 Acceptance of monies.  45. Every real estate licensee who, in the performance of any of the activities described in R.S.45:15-3, receives any monies of others as a representative of a broker acting as an escrow agent or as the temporary custodian of the funds of others in a real estate transaction, shall only accept the monies if they are in the form of cash or a negotiable instrument payable to the broker through whom the individual is licensed, or such other form as the commission may prescribe by rule. The licensee shall, immediately upon receipt of the funds, account for and deliver the funds to the broker for deposit into the escrow or trust account maintained by the broker, or for such other disposition as is required by the escrow agreement under the terms of which the funds were provided to the licensee. L.1993,c.51,s.45; amended 1999, c.78.
NJ Rev Stat § 45:15-13 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-13 - Form of license; change of broker's address.

45:15-13 Form of license; change of broker's address.  45:15-13. All licenses shall be issued by the commission in such form as it shall prescribe. Each license shall show the name and address of the licensee and shall have imprinted thereon the seal of the commission. Notice in writing shall be given to the commission by each licensed broker of any change of business address, whereupon the commission shall issue new licenses to the broker and to all persons licensed through the broker for the unexpired period, upon the payment of a fee of $50 for the issuance of the new broker license and a fee of $10 for each additional new license certificate so issued. A change of business address without notification to the commission, and without the issuance of a new broker's license, shall automatically cancel the license theretofore issued.  Amended 1961, c.88, s.1; 1966, c.11, s.2; 1993, c.51, s.15; 2003, c.117, s.35.
NJ Rev Stat § 45:15-14 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-14 - License kept by employing broker.

45:15-14 License kept by employing broker.  45:15-14. All licenses issued to real estate brokers, broker-salespersons, and salespersons shall be kept by the broker by whom such real estate licensee is employed or contracted, and the pocket card accompanying the same shall be delivered by the broker to the licensee who shall have the card in his possession at all times when engaged in the business of a real estate broker, broker-salesperson, or salesperson. When any real estate licensee is terminated or resigns his employment with the real estate broker by whom he was employed or contracted at the time of the issuing of such license to him, notice of the termination shall be given in writing by the broker to the terminated licensee with the effective date of the termination reflected thereon, or notice of the resignation shall be given in writing by the resigning licensee to the broker with the effective date of the resignation reflected thereon. Upon the issuance of a written notice of termination by a broker or his authorized representative, or upon receipt of a written resignation by a broker or his authorized representative, such employer or contracting broker shall within five business days of the effective date of the termination or resignation, either: a. deliver, or send by registered mail, to the commission, such real estate licensee's license and, at the same time, send a written communication to such real estate licensee at his last known residence, advising him that his license has been delivered or mailed to the commission. A copy of such communication to the licensee shall accompany the license when mailed or delivered to the commission; or, b. deliver to the departing licensee and to the commission any other materials as the commission may prescribe by regulation to accomplish the transfer of the licensee to another employing or contracting broker. No real estate licensee shall perform any of the acts contemplated by R.S.45:15-1 et seq., either directly or indirectly, under the authority of such license, from and after the effective date of the licensee's termination or resignation until authorized to do so by the commission. A new license may be issued to such licensee, upon the payment of a fee of $25, and upon the submission of satisfactory proof that he has obtained employment or contracted with another licensed broker. A broker-salesperson or salesperson shall be licensed under a broker; he cannot be licensed with more than one broker at the same time.  amended 1961, c.88, s.2; 1966, c.11, s.3; 1993, c.51, s.16; 2009, c.238, s.8; 2018, c.71, s.10.