reglab/housing_qa huggingface dataset:
NJ Rev Stat § 45:15-16 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16 - Acceptance of commission, valuable consideration.

45:15-16 Acceptance of commission, valuable consideration.  45:15-16. a. No real estate salesperson or broker-salesperson shall accept a commission or valuable consideration for the performance of any of the acts herein specified, from any person except his employer or contracting broker, who must be a licensed real estate broker.  b. A real estate salesperson or broker-salesperson may form a limited liability company pursuant to the "Revised Uniform Limited Liability Company Act," P.L.2012, c.50 (C.42:2C-1 et seq.), or any other entity permitted by law, in order to receive a commission or other valuable consideration pursuant to subsection a. of this section, and the real estate salesperson or broker-salesperson may accept payment of the commission or other valuable consideration or any part thereof from the limited liability corporation or other entity. Notwithstanding the formation of such an entity, a salesperson or broker-salesperson who satisfies the requirements of subparagraph (K) of paragraph (7) of subsection (i) of R.S.43:21-19 shall not be considered an employee pursuant to that law. c. The New Jersey Real Estate Commission shall create a registration process for a limited liability company and other entity to receive a commission or other valuable consideration pursuant to subsection a. of this section. amended 1993, c.51, s.18; 2009, c.238, s.10; 2018, c.71, s.12; 2021, c.281, s.1.
NJ Rev Stat § 45:15-16a (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16a - Rebate paid by broker to purchaser.

45:15-16a Rebate paid by broker to purchaser.  2. a. Any rebate paid by a broker to a purchaser of residential real property pursuant to paragraph (2) of subsection k. of R.S.45:15-17 shall be: (1) Calculated after the purchaser negotiates the rebate commission rate; (2) Memorialized in a written document, electronic document or a buyer agency agreement provided by the broker to the purchaser at the outset of the broker relationship, which document or agreement shall provide the terms of any rebate credited or paid by the broker to the purchaser; and (3) Disclosed to all parties involved in the transaction, including, but not limited to, any mortgage lender. b. A rebate shall not be: (1) Paid to a person not licensed as a real estate broker for any act that requires licensure; (2) Contingent upon the use of other services or products being offered by a broker or an affiliate of a broker; or (3) Based on the use of a lottery, contest or game. L.2009, c.273, s.2.
NJ Rev Stat § 45:15-16b (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16b - Advertisement for rebate.

45:15-16b Advertisement for rebate.  3. a. Any advertisement for a rebate allowed pursuant to paragraph (2) of subsection k. of R.S.45:15-17 shall include: (1) A disclosure concerning the purchaser's obligation to pay any applicable taxes for receipt of the rebate; and (2) A notice that the purchaser should contact a tax professional concerning the tax implications of receiving the rebate. b. The disclosure and notice required pursuant to subsection a. of this section shall be clearly and conspicuously displayed in the advertisement and the size of the text in the notice and disclosure shall be equal to or larger than the size of the text used for the advertisement. L.2009, c.273, s.3.
NJ Rev Stat § 45:15-16c (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16c - Regulations.

45:15-16c Regulations.  4. The New Jersey Real Estate Commission may promulgate regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), necessary to effectuate the provisions of this act. L.2009, c.273, s.4.
NJ Rev Stat § 45:15-16.2 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2 - Educational and information programs

45:15-16.2. Educational and information programs  1. The Division of the New Jersey Real Estate Commission in the State Department of Insurance, within the limits of appropriations available or to be made available to it for the purpose, may conduct educational and information programs relating to the real estate brokerage business and real estate brokers, broker-salespersons and salespersons for the information, education, guidance and protection of the general public, licensees, and applicants for licensure. The educational and information programs may include preparation, printing and distribution of publications and articles and the conduct of conferences, forums, lectures, and a public information service.  L.1955,c.238,s.1; amended 1993,c.51,s.19.
NJ Rev Stat § 45:15-16.2b (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2b - Delivery of continuing education courses.

45:15-16.2b Delivery of continuing education courses.  24. Continuing education courses may be delivered in a classroom setting or via the Internet or video modalities, subject to the approval by the New Jersey Real Estate Commission of the providers and the content of such courses and of the measures utilized to ensure the security and integrity of the course delivery process. The commission may approve continuing education courses which include periodic progress assessments and the achievement of a satisfactory level of performance by the licensee on such progress assessments as a condition to continuing to a succeeding segment of the course. The commission shall not require, as a condition of the receipt of credit for attendance at any continuing education course, that a licensee pass a comprehensive examination testing the licensee's knowledge of the entire course content. L.2009, c.238, s.24; amended 2018, c.71, s.14.
NJ Rev Stat § 45:15-16.2c (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2c - Completion of continuing education requirements.

45:15-16.2c Completion of continuing education requirements.  25. Continuing education requirements, as set forth by the New Jersey Real Estate Commission, shall be completed on or before April 30 of the year in which the biennial license expires. Any licensee required to complete continuing education requirements who fails to do so prior to May 1 of the second year of a biennial license term shall be subject to a reasonable processing fee, as determined by the commission, of not more than $200. L.2009, c.238, s.25.
NJ Rev Stat § 45:15-16.2d (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2d - Fulfillment of continuing education requirement.

45:15-16.2d Fulfillment of continuing education requirement.  26. A person who, during a biennial licensing term, successfully completes one or more broker pre-licensure education courses as prescribed by the New Jersey Real Estate Commission shall be deemed to have fulfilled the continuing education requirement applicable to the license that such a person may seek to renew upon the conclusion of that license term. A person who is initially licensed as a salesperson during the first year of a two-year license term shall complete all applicable continuing education requirements in order to renew that license upon the conclusion of that license term. A person who is initially licensed as a salesperson in the second year of the two-year license term shall not be required to fulfill any continuing education requirements in order to renew that license at the conclusion of that license term. L.2009, c.238, s.26.
NJ Rev Stat § 45:15-16.2e (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2e - Core topics for continuing education courses.

45:15-16.2e Core topics for continuing education courses.  27. a. Not less than 50 percent of the continuing education courses of study that a broker, broker-salesperson or salesperson are required to complete as a condition for license renewal shall be comprised of one or more of the following core topics: (1) Agency;  (2) Disclosure; (3) Legal issues; (4) Ethics, which shall not be less than two hours; (5) Fair housing; (6) Rules and regulations;  (7) Real estate licensee safety; (8) Financial literacy and planning; and (9) Any other core topics that the New Jersey Real Estate Commission may prescribe by rule. In no event shall the commission require that courses in these core topics comprise more than 60 percent of the total continuing education hours required for the renewal of any license. b. In the case of continuing education courses and programs, each hour of instruction shall be equivalent to one credit. c. Notwithstanding the provisions of subsection a. of this section, the commission shall require that the continuing education courses of study that a broker, broker-salesperson or salesperson are required to complete as a condition for license renewal shall be comprised of at least one hour on the core topic of fair housing and housing discrimination during each biennial license term. L.2009, c.238, s.27; amended 2018, c.71, s.15; 2019, c.177, s.2.
NJ Rev Stat § 45:15-16.2f (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2f - Maintenance of records by course providers.

45:15-16.2f Maintenance of records by course providers.  28. Course providers shall maintain records of the successful completion of continuing education courses by licensees and shall transmit this data to the New Jersey Real Estate Commission or its designee in a manner as directed by the commission. L.2009, c.238, s.28.
NJ Rev Stat § 45:15-16.2g (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.2g - Rules, regulations.

45:15-16.2g Rules, regulations.  29. The New Jersey Real Estate Commission shall adopt rules and regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), necessary to effectuate the purposes of this act. L.2009, c.238, s.29.
NJ Rev Stat § 45:15-16.27 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.27 - Short title

45:15-16.27. Short title  This act shall be known and may be cited as the "Real Estate Sales Full Disclosure Act." L.1989, c.239, s.1.
NJ Rev Stat § 45:15-16.29 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.29 - Bureau of Subdivided Land Sales Control continued

45:15-16.29. Bureau of Subdivided Land Sales Control continued  The Bureau of Subdivided Land Sales Control within the Division of the New Jersey Real Estate Commission in the Department of Insurance, established pursuant to section 3 of P.L.1975, c.235 (C.45:15-16.5), shall continue.  L.1989, c.239, s.3.
NJ Rev Stat § 45:15-16.30 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.30 - Conditions for disposition of subdivided lands

45:15-16.30. Conditions for disposition of subdivided lands  Unless the subdivided lands or the transaction is exempt pursuant to section 6 of this act: a. No person may offer, dispose or participate in this State in the disposition of subdivided lands or of any interest in subdivided lands unless in accordance with the provisions of this act. b. No person may dispose or participate in the disposition of any interest in subdivided lands unless a current public offering statement, disclosing fully all information required in section 12 of this act, is delivered to the purchaser and the purchaser is afforded a reasonable opportunity to examine the public offering statement prior to the disposition. L.1989, c.239, s.4.
NJ Rev Stat § 45:15-16.31 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.31 - Subdivisions, subdivided lands subject to this act

45:15-16.31. Subdivisions, subdivided lands subject to this act  Disposition of subdivision or subdivided lands are subject to this act if: a. Any offer or disposition of subdivided lands is made in this State; or b. Any offer of subdivided land originating outside this State is directed by the subdivider or his agent to a person or resident within this State. L.1989, c.239, s.5.
NJ Rev Stat § 45:15-16.32 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.32 - Inapplicability to offers, dispositions of an interest in a subdivision.

45:15-16.32 Inapplicability to offers, dispositions of an interest in a subdivision.  6. a. Unless the method of disposition is adopted for the purpose of evasion of this act, the provisions of this act are not applicable to offers or dispositions of an interest in a subdivision: (1) By an owner for his own account in a single or isolated transaction; (2) Wholly for industrial or commercial purposes; (3) Pursuant to court order; (4) By any governmental agency; (5) As cemetery lots or interests; (6) Of less than 100 lots, parcels, units or interests; (7) Where the common elements or interests, which would otherwise subject the offering to this act, are limited to the provision of unimproved, unencumbered open space, except where registration is required by the "Interstate Land Sales Full Disclosure Act," Pub.L.90-448 (15 U.S.C. s.1701 et seq.) with the Office of Interstate Land Sales Registration, in the Department of Housing and Urban Development; or (8) In a development comprised wholly of rental units, where the relationship created is one of landlord and tenant. b. Unless the method of disposition is adopted for the purpose of evasion of this act, the provisions of this act are not applicable to: (1) Offers or dispositions of evidences of indebtedness secured by a mortgage or deed of trust of real estate; (2) Offers or dispositions of securities or units of interest issued by a real estate investment trust regulated under any State or federal statute; (3) Offers or dispositions of securities currently registered with the Bureau of Securities in the Department of Law and Public Safety; or (4) Offers or dispositions of any interest in oil, gas or other minerals or any royalty interest therein if the offers or dispositions of such interests are regulated as securities by federal law or by the State Bureau of Securities. c. The commission may, from time to time, pursuant to any rules and regulations promulgated pursuant to this act, exempt from any of the provisions of this act any subdivision or any lots in a subdivision, if it finds that the enforcement of this act with respect to that subdivision or the lots therein, is not necessary in the public interest, or required for the protection of purchasers, by reason of the small amount involved or the limited character of the offering. d. A subdivider or developer who qualifies for and completes secondary registration pursuant to section 2 of P.L.2007, c.292 (C.45:15-16.30a) shall be exempt from the registration requirements of section 4 of P.L.1989, c.239 (C.45:15-16.30). L.1989, c.239, s.6; amended 2006, c.63, s.38; 2007, c.292, s.1.
NJ Rev Stat § 45:15-16.33 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.33 - Notice of filing; registration; rejection

45:15-16.33. Notice of filing; registration; rejection  a. Upon the filing of an application for registration at the offices of the commission, naming the brokers licensed as real estate brokers pursuant to R.S.45:15-1 et seq. who are the authorized representatives of the subdivider, and accompanied by the proper registration fee in the proper form, and a statement of record as provided for in section 10 of this act, and the proposed public offering statement, the commission shall issue a notice of filing to the applicant. Within 90 days from the date of the notice of filing, the commission shall enter an order registering the subdivision or subdivided lands or rejecting the registration. If no order of rejection is entered within 90 days from the date of notice of filing, the subdivisions or subdivided lands shall be deemed registered unless the applicant has consented in writing to a delay.  b. If the commission affirmatively determines upon inquiry and examination that the requirements of section 9 of this act have been met, it shall enter an order registering the subdivision or subdivided lands and shall designate the form of the public offering statement.  c. If the commission determines upon inquiry and examination that any of the requirements of section 9 of this act have not been met, the commission shall notify the applicant that the application for registration must be corrected in the particulars specified within 30 days from the date the notice is received by the applicant. These findings shall be the result of the commission's preliminary inquiry and examination and no hearing shall be required as the basis for those findings. The receipt of a written request for a hearing shall stay the order of rejection until a hearing has been held and a determination has been made.  L.1989, c.239, s.7.
NJ Rev Stat § 45:15-16.34 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.34 - Initial registration fee; inspection fee; consolidated filing fee

45:15-16.34. Initial registration fee; inspection fee; consolidated filing fee  a. (1) The fee for an initial registration shall be $500.00 plus $35.00 for each lot, parcel, unit or interest which fee shall not exceed $3,000.00. The initial registration shall be valid for a period of one year from the date of approval of the registration. If the fees are insufficient to defray the cost of rendering services required by the provisions of this act, the commission may, by regulation, establish a revised fee schedule. Any revised fee schedule shall assure that the fees collected reasonably cover, but do not exceed, the expenses of administering the provisions of this act.  (2) Annual renewal of registration shall be made in accordance with the provisions of section 14 of this act. (3) Any current registration filed with and approved by the commission pursuant to the provisions of P.L.1975, c.235 (C.45:15-16.3 et seq.) prior to the date of enactment of this act shall be exempt from initial registration under this act.  b. The application for registration shall be made on forms prescribed by the commission and shall be accompanied by the appropriate filing fee. As provided in subsection f. of section 15 of this act, the commission may determine, at its discretion, that an onsite investigation or inspection is required. The commission shall advise the registrant of the amount of the cost of travel from New Jersey to the location of the subdivided lands and return and any additional expenses of an inspection, which shall be the amount of the inspection fee. All inspection fees shall be accounted for to the applicant.  c. The fee for a consolidated filing, filed pursuant to section 13 of this act, shall be the same as set forth in subsection a. of this section. L.1989, c.239, s.8.
NJ Rev Stat § 45:15-16.35 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.35 - Examination by commission

45:15-16.35. Examination by commission  Upon receipt of an application for registration in proper form, accompanied by a statement of record, the commission shall initiate an examination to determine that: a. The subdivider can convey or cause to be conveyed the interest in subdivided lands offered for disposition if the purchaser complies with the terms of the offer, and when appropriate, that release clauses, conveyances in trust or other safeguards have been provided;  b. There is reasonable assurance that all proposed improvements will be completed as represented; c. The advertising material and the general promotional plan are not false, misleading, or discriminatory and comply with the standards prescribed by the commission in its rules and regulations and afford full and fair disclosure;  d. The subdivider has not, or if a corporation, its officers, directors, and principals have not, been convicted of a crime or civil offense involving land dispositions or any aspect of the land sales business in this State, the United States, or any other state or foreign country; and that the developer has not been subject to any permanent injunction or final administrative order restraining a false or misleading promotional plan involving real property dispositions, the seriousness of which in the opinion of the commission warrants the denial of registration; and  e. The public offering statement requirements of section 12 of this act have been satisfied. L.1989, c.239, s.9.
NJ Rev Stat § 45:15-16.37 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.37 - Information available to public

45:15-16.37. Information available to public  The information contained in any statement of record and any additions or corrections required by section 10 of this act shall be made available to the public under regulations promulgated by the commission pursuant to this act and copies shall be furnished to every applicant at a reasonable charge prescribed by the commission.  L.1989, c.239, s.11.
NJ Rev Stat § 45:15-16.39 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.39 - Consolidated filing

45:15-16.39. Consolidated filing  A subdivider may register additional subdivided lands pursuant to the same common promotional plan as those previously registered by submitting an additional filing providing the additional information necessary to register the additional lots, parcels, units or interests which shall be designated as "a consolidated filing."  L.1989, c.239, s.13.
NJ Rev Stat § 45:15-16.40 (2021)
2021 New Jersey Revised Statutes|Title 45 - Professions and Occupations|Section 45:15-16.40 - Report by subdivider

45:15-16.40. Report by subdivider  a. Within 30 days after each annual anniversary date of an order registering the subdivided lands, or on or before a date set by the commission, and while the subdivider retains any interest therein, the subdivider of these lands shall file a report in the form prescribed by the rules and regulations promulgated by the commission. The report shall reflect any material changes in the information contained in the original application for registration; except that, with respect to any registration filed with and approved by the commission prior to the date of enactment of this act, no additional information shall be required on the subdivided land covered by such registration other than that necessary to indicate any material changes in information contained in the original application for registration.  b. The commission shall process and review requests for amendments to a registration in accordance with the standards and procedures established in this act for review of applications for registration. Requests for amendment, other than price changes and advertising, shall be accompanied by a fee as the commission may prescribe by rule.  c. Upon a determination by the commission that an annual report is no longer necessary for the protection of the public interest or that the developer no longer retains any interest and no longer has any contractual, bond or other obligations in the subdivision, the commission shall issue an order terminating the responsibilities of the developer under this act.  L.1989, c.239, s.14.