Loading chat...

NJ A5247

Bill

Official Source

Status

Introduced

1/30/2025

Primary Sponsor

Robert Auth

Click for details

Origin

General Assembly

2024-2025 Regular Session

AI Summary

  • Authorizes the New Jersey Real Estate Commission to grant licenses without examination to real estate brokers, broker-salespersons, and salespersons already licensed in other states
  • Requires the applicant's home state to provide equal reciprocity for New Jersey licensees seeking licensure there
  • Mandates that the applicant's home state maintain licensing standards equal to or comparable to New Jersey's standards
  • Takes effect on the first day of the seventh month following enactment and applies only to applications received on or after that date

Legislative Description

Revises out-of-State reciprocity for real estate licensees.

Regulated Professions

Last Action

Introduced, Referred to Assembly Regulated Professions Committee

1/30/2025

Committee Referrals

Regulated Professions1/30/2025

Full Bill Text

No bill text available