N.J. Admin. Code § 11:5-3.13

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:5-3.13 - Licensing Bureau forms, instructions, processing times, deadlines

(a) The following forms are utilized by the Licensing Bureau:

1. Original salesperson or referral agent license application;

2. Original broker/broker-salesperson application;

3. Name change (by license or application);

4. Broker status change;

5. Referral agent, salesperson or broker-salesperson transfer of license (on rear of license document);

6. Broker's Authorized Designee or Power of Attorney;

7. Change of business address;

8. Application for broker license for business entity (includes application for broker of record license);

9. Application for sole proprietor broker license;

10. Application for reactivation within current license term or for reinstatement of referral agent or salesperson license;

11. Application for reactivation within current license term or for reinstatement of broker-salesperson license;

12. Office Closing affidavit;

13. Application for branch office license;

14. Change of branch office supervisor;

15. Initial Application for Renewal of Broker License and of all related licenses;

16. First Supplemental Renewal Application (lists licensees who became licensed with the broker between the date on which the Initial Renewal Application form was generated and the date on which the First Supplemental Renewal Application form was generated);

17. Second Supplemental Renewal Application (lists licensees who became licensed with the broker between the date on which the First Supplemental Renewal Application form was generated and the expiration date of the license term in which the renewal forms are generated);

18. Change of corporate representative and multiple license;

19. Change of broker of record;

20. Change of corporate title;

21. Corporate license and multiple broker license;

22. Reinstatement of business entity broker license;

23. Reinstatement of sole proprietor broker license;

24. Additional broker of record license to sole proprietor broker;

25. Change of tradename or new tradename;

26. Multiple broker of record license;

27. Temporary broker's license;

28. Change of Broker of Record Affidavit;

29. Individual irrevocable consent to service of process;

30. Corporate irrevocable consent to service of process;

31. Partnership/LLC/other irrevocable consent to service of process;

32. The form to request fingerprint scan processing utilized by the State-contracted fingerprint scanning vendor;

33. Change of license type; and

34. Registration of entity to receive commission income or other valuable consideration.

(b) In addition to the instructions that are contained on the forms themselves, separate instructions for the licensing forms related to broker licenses and branch offices are available from the Licensing Bureau.

(c) License applications are normally processed within 15 business days from the date a complete and accurate application with all required fees in the correct form is received. Processing times during the biennial renewal of licenses may vary. License certifications are normally processed within 15 business days from receipt of the written request and correct fee.

(d) Deadlines for the submission of license applications and other required forms are as follows:

1. Original salesperson, referral agent, broker-salesperson or broker: one year from date on which prelicensure course and education requirements were completed (see N.J.A.C. 11:5-3.6(c) for salespersons and referral agents and 11:5-3.8(e) for brokers and broker-salespersons);

2. Applications for the reinstatement of a salesperson, referral agent, broker-salesperson, or broker license: two years from the expiration date of the last license held unless exempted as provided at N.J.S.A. 45:15-9;

3. Brokerage firm office closing affidavit: within 30 business days from date of closing (see N.J.A.C. 11:5-3.9(c) );

4. Brokerage firm change of address: prior to or immediately upon move to new address (see N.J.S.A. 45:15-12 and 45:15-13);

5. Temporary broker license: within 30 business days from date of death or of incapacity of sole proprietor broker or broker of record (see N.J.S.A. 45:15-11.3); and

6. License renewals:

i. Initial renewal application: by June 30 of the year in which the license is due to expire (see N.J.A.C. 11:5-3.1);

ii. First supplemental renewal application: 45 days from date application issued; and

iii. Second supplemental renewal application: 30 days from date application issued.

(e) Late fees are assessed for license renewals postmarked and received by the Commission after the deadlines referenced in (d)6 above. Those fees are set forth in 11:5-3.14.

N.J. Admin. Code § 11:5-3.13

New Rule, R.2003 d.440, effective 11/3/2003.
See: 34 N.J.R. 4043(a), 35 N.J.R. 5109(a).
Amended by R.2009 d.287, effective 9/21/2009.
See: 41 N.J.R. 1381(a), 41 N.J.R. 3440(a).
Section was "Licensing Section forms, instructions, processing times, deadlines". In the introductory paragraph of (a), substituted "Real Estate Section of the Department of Banking and Insurance Licensing Services Bureau" for "Licensing Section of the Real Estate Commission"; rewrote (a)32; and in (b), inserted "Services Bureau, Real Estate".
Amended by R.2012 d.006, effective 1/3/2012.
See: 43 N.J.R. 1791(a), 44 N.J.R. 86(b).
In (a)1, inserted "or referral agent"; in (a)5, substituted "Referral agent, salesperson" for "Salesperson", in (a)10, inserted "referral agent or"; in (a)31, deleted "and" from the end; in (a)32, substituted "; and" for a period at the end; added (a)33; in (d)1 and (d)2, inserted "referral agent,"; and in (d)1, inserted "and referral agents".

Amended by 55 N.J.R. 302(a), effective 2/21/2023

Amended by 56 N.J.R. 1720(a), effective 8/19/2024