How To Renew a New Jersey Real Estate License in 2023
HOW TO RENEW A NEW JERSEY REAL ESTATE LICENSE IN 2023
Is your New Jersey real estate license about to expire? Is your continuing education deadline approaching or has it recently passed? Don’t let your New Jersey real estate license expire! In this article, we outline the regulations promulgated by the New Jersey Real Estate Commission, continuing education requirements, and everything else you need to keep your real estate license active in 2023.
2023 New Jersey Continuing Education Requirements
The New Jersey Real Estate Commission instructs that, to renew your license, you need to complete 12 continuing education credit hours every two years or complete one or more broker pre-licensure education courses.
Breakdown of the required 12 continuing ed credit hours:
The following information was taken from the NJ REC website here.
- 1 hour – FAIR HOUSING
- 2 hours – ETHICS
- 3 hours – CORE (can include credits from Fair Housing + Ethics)
- 6 hours – ELECTIVES: A mix, or all of the same of any of the following four CE types: ELECTIVES or ETHICS or CORE or FAIR HOUSING
- ETHICS IS an acceptable substitute for CORE and ELECTIVES, but CORE and ELECTIVES IS NOT an acceptable substitute for ETHICS.
- ETHICS, FAIR HOUSING and CORE ARE acceptable to use instead of ELECTIVES.
- All Referral Agents changing licensing types are required to complete the CE all in CORE or ETHIC topics ONLY (see chart).
Visit PSI continuing education online website to see your continuing education record, renew your real estate license or print your transcript. If you completed your continuing ed courses with Keep Me Certified, you can login to your account 24/7 to download fresh copies of your certificates. All completed credits are submitted to PSI every Monday.
If you are unsure of the courses to take or you don’t know where to take the courses, you can visit our online real estate school, keepmecertified.com, to enroll in continuing ed courses that satisfy the core and elective topics you need to renew your real estate license.
Important dates to note:
April 30, 2023: Deadline for completion of CE credit hours.
May 1, 2023 – June 30, 2023: CE credits may still be turned in but the individual would have to pay a mandatory late CE fee of $200.
July 1, 2023: The 2025 CE Term begins. At this point, all licensees who do not complete their CE requirements and renew their licenses may no longer practice until their license is reinstated.
Which cycle will completed credits show up on the PSI portal?
Courses completed during the 2021-2023 cycle will show up in the 2021-2023 cycle. Watch the video below explaining why.
Continuing Education Waivers
You may receive a partial or total waiver for CE requirements in a case of:
- Incapacitating illness
- Active military duty
- Other substantial or unavoidable hardship (not including financial hardship, business conflicts or personal obligations)
If your license is currently in referral status, then you are not required to complete continuing ed to maintain referral status. There is more information on the NJ Real Estate Commission website for licensees who are currently in referral status.
With the exception of a waiver obtained for active military duty, the individual will need to make up for the waived core courses in the next license term.
Continuing education credits do not roll over to the following licensing term, so if you complete 24 credits in one renewal cycle, you cannot carry-forward the extra 12 to the next cycle. Also, you cannot receive credit for taking the same course more than once in the same renewal cycle. Keep Me Certified has a full catalog of courses available to satisfy your real estate license renewal requirements.
Do you have lingering questions?
If you have unique or specific questions related to your real estate license, here is an article we wrote listing the contact information for the NJ Real Estate Commission. Here is a list NJ license renewal of FAQ‘s you may find helpful.
We are also happy to assist. To learn more or enroll in an online course to renew your New Jersey real estate license, visit us at keepmecertified.com