N.J. Admin. Code § 11:5-3.14

Current through Register Vol. 56, No. 19, October 7, 2024
Section 11:5-3.14 - Licensing fees

The fees applicable to transactions processed by the Licensing Bureau are listed in the table below. Renewal fees are assessed biennially for the renewal of licenses for a two-year term pursuant to N.J.S.A. 45:15-15. All other fees are payable in full regardless of when during a license term the application to which the fee pertains is submitted.

LICENSE FEES

Initial License Fees (amounts include $ 50.00 application fee and, where applicable, Real Estate Guaranty Fund fees of $ 10.00 for salespersons and referral agents, and $ 20.00 for brokers and broker-salespersons. See N.J.S.A. 45:15-35. Amounts do not include the processing fee for fingerprint scanning payable directly to the State-contracted vendor):

LicenseFee
Corporations, partnerships and other business entities$ 270.00
Broker of record$ 270.00
Sole proprietor broker$ 270.00
Broker-salesperson$ 270.00
Salesperson$ 160.00
Referral agents$ 160.00
Branch office$ 150.00
Temporary broker license$ 300.00

Registration:

License Fee
Registration of entity to receive commission income $50.00

Renewal Fees:

LicenseFee
Corporations, partnerships and other business entities$ 200.00
Broker of record$ 200.00
Sole proprietor broker$ 200.00
Broker-salesperson$ 200.00
Salesperson$ 100.00
Referral agents$ 100.00
Branch office$ 100.00

Late Renewal Fees:

LicenseFee
Corporations, partnerships and other business entities$ 40.00
Broker$ 40.00
Broker-salesperson$ 20.00
Salesperson$ 20.00
Referral agents$ 20.00

Transfers:

LicenseFee
Broker-salesperson$ 25.00
Salesperson$ 25.00
Referral agents$ 25.00

Reinstatements of unrenewed licenses (amounts include $ 50.00 application fee):

LicenseFee
Corporations, partnerships and other business entities$ 250.00
Broker of record$ 250.00
Sole proprietor broker$ 250.00
Broker-salesperson$ 250.00
Salesperson$ 150.00
Referral agent$ 150.00
Branch office$ 150.00

Changes:

TypeFee
Name change$ 50.00
Change of business address: sole proprietor brokers and corporations, partnerships or other business entities (plus$ 10.00 for each individual licensee)$ 50.00
Change of status--sole proprietor, broker, broker of record, broker-salesperson, salesperson or referral agent$ 50.00
Change of branch office supervisor$ 50.00

N.J. Admin. Code § 11:5-3.14

New Rule, R.2003 d.440, effective 11/3/2003.
See: 34 N.J.R. 4043(a), 35 N.J.R. 5109(a).
Administrative correction.
See: 36 N.J.R. 656(b).
Amended by R.2009 d.287, effective 9/21/2009.
See: 41 N.J.R. 1381(a), 41 N.J.R. 3440(a).
In the introductory paragraph, substituted "Department of Banking and Insurance Licensing Services Bureau, Real Estate Section" for "Licensing Section of the Real Estate Commission"; in the paragraph below "LICENSE FEES", deleted ", $ 18.00 criminal history record check fee for each individual required by N.J.A.C. 11:5-3.3 to undergo such a check" following "application fee", and inserted "Amounts do not include the processing fee for fingerprint scanning payable directly to the State-contracted vendor"; and in the "Initial License Fees" portion of the table, updated the Fee amounts for entries "Broker of record", "Sole proprietor broker", "Broker-salesperson", "Salesperson", "Branch office" and "Temporary broker license" and deleted the entry for "Multiple broker license"; and in the "Late Renewal Fees" portion of the table, deleted the entry for "Branch office".
Amended by R.2012 d.006, effective 1/3/2012.
See: 43 N.J.R. 1791(a), 44 N.J.R. 86(b).
In the paragraph following "LICENSE FEES", inserted "and referral agents"; in the table, inserted entries for "Referral agent" throughout; and in the next to last table entry, substituted a comma for "or" following "record" and inserted ", salesperson or referral agent".
Amended by 55 N.J.R. 302(a), effective 2/21/2023
Amended by 56 N.J.R. 1720(a), effective 8/19/2024