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Home > NJ Real Estate Commission > About The Real Estate Commission |
About the New Jersey Real
Estate Commission |
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Established in 1921, the New Jersey Real Estate Commission was
created to administer and enforce New Jersey's real estate licensing law, N.J.S.A. 45:15-1 et seq. The Commission consists of five members who
have been licensed as New Jersey real estate brokers for at least ten years,
two public members, and one representative of an appropriate governmental
department.
The Commission meets approximately 36 times each year, and frequently
acts as a quasi-judicial body rendering decisions on contested license applications
and disciplinary actions. It also promulgates rules interpreting and implementing
the provisions of the license law and establishing standards of practice for
the real estate brokerage profession.
All applicants for licensure as a broker or salesperson must
meet the standards for good character and fulfill the educational requirements
for licensure established by law, and pass an examination conducted under
the supervision of the Commission. The content of the prelicensure education
courses is prescribed in regulations adopted by the Commission. The Commission
also licenses the schools which provide the courses and the instructors who
teach them. Instructors must fulfill educational requirements and pass an
examination to qualify for licensure.
The Commission is empowered to conduct investigations, to hold
hearings and to revoke licenses and/or otherwise sanction individuals and
firms for violations of the license law or its administrative rules. Violations
which can result in severe sanctions include commingling or misappropriating
escrow monies, making substantial misrepresentations, being convicted of a
theft offense, procuring a license by fraud or deceit, and "any conduct which
demonstrates unworthiness, incompetency, bad faith or dishonesty."
The Commission also administers and enforces the Real
Estate Sales Full Disclosure Act. This law regulates the marketing and sale in
New Jersey of real estate interests located in other states and countries.
Persons who wish to market such properties in New Jersey must first register
their projects with the Commission. In order to qualify for registration,
the applicant must demonstrate to the satisfaction of the Commission that
they can convey good title to the properties, that full and accurate disclosure
of all pertinent information will be made to prospective New Jersey purchasers,
and that adequate financial assurances have been established to insure completion
of all promised improvements.
Among its many other functions, the Commission also administers
the Real Estate Guaranty Fund. This Fund was established by law to protect
persons aggrieved by the embezzlement, conversion or unlawful obtaining of
property by licensees in a real estate brokerage transaction. It is fully
funded by assessments upon licensees and applicants. No taxpayer dollars are
credited to the fund.
Have an inquiry/complaint regarding a
Real Estate licensee?
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General Information |
REC Supervisory Staff
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The New Jersey Real Estate Commission offices are located at 20 W. State St., Trenton, NJ
For general inquiries regarding investigations, subdivided land sales, and regulatory/enforcement issues, contact:
NJ Real Estate Commission
PO Box 328
Trenton, NJ 08625-0328
Phone: 609-292-7272
FAX: 609-292-0944
E-mail: realestate@dobi.nj.gov |
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Licensing
Information
Gwendolyn Cobb, Supervisor, Education and Licensing
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For licensing inquiries, contact:
Licensing Bureau, Real Estate
NJ Department of Banking and Insurance
PO Box 474
Trenton, NJ 08625-0474
Phone: 609-292-7272
FAX: 609-292-0944
E-mail: relic@dobi.nj.gov |
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Education
Information
Gwendolyn Cobb, Supervisor, Education and Licensing |
For prelicensure education, experience (broker) requirements, CE requirements and lists of licensed schools or CE providers contact:
Phone: 609-292-7272
FAX: 609-292-0944 |
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Investigations Unit
Lauren Glantzberg, Supervisor of Investigations |
Phone: 609-292-7272
FAX: 609-292-0944 |
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Subdivided Land Sales Control
Barbara Kesil |
Phone: 609-292-7272
FAX: 609-292-0944 |
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Current Real Estate Commission Members |
Linda Stefanik, President, Broker Member, since 2010
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Eugenia K. Bonilla, Vice-President, Broker Member, since 2012 |
Denise Illes, Department Representative,
since 2015 |
Christina Banasiak, Broker Member, since 2017 |
Darlene Bandazian, Broker Member, since 2018 |
Jacob Elkes, Public Member, since 2016 |
William J. Hanley, Broker Member, since 2020 |
Carlos Lejnieks, Public Member, since 2018 |
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Real Estate Commission Meeting Schedule |
During the state of emergency as declared by Governor Murphy, and in accordance with P.L. 2020, c. 11, approved March 20, 2020, all meetings moving forward will be held by teleconference and/or via the Zoom virtual platform. This mandate will be in place until further notice is provided. As open public meetings, members of the public may listen to the meetings using the meeting dial-in information or meeting ID and Access Code listed on the bottom of the agenda posted by the meeting date.
Following the taking of attendance of Board members, all members of the public will be asked to provide their name and any professional affiliation. |
Meetings with Agendas* |
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January 12, 2021 - CANCELLED
January 26, 2021
February 09, 2021
February 23, 2021
March 09, 2021
March 23, 2021
April 13, 2021
April 27, 2021
May 11, 2021
May 25, 2021
June 08, 2021
June 22, 2021 |
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July 13, 2021
July 27, 2021
August 10, 2021
September 14, 2021
September 28, 2021
October 13, 2021 (Wednesday)
October 26, 2021
November 09, 2021
November 23, 2021
December 14, 2021
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*Agendas are subject to change |
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Volunteer Advisory Committee Meeting Schedule |
During the state of emergency as declared by Governor Murphy, and in accordance with P.L. 2020, c. 11, approved March 20, 2020, all meetings moving forward will be held by teleconference and/or via a virtual platform (to be determined). This mandate will be in place until further notice is provided. As open public meetings, members of the public may listen to the meetings using the following dial-in information:
Dial-in number: 888-363-4734
Access Code: 8264833#
Following the taking of attendance of Board members, all members of the public will be asked to provide their name and any professional affiliation. |
Meetings |
January 7, 2021
February 11, 2021
March 11, 2021
April 8, 2021
May 6, 2021
June 10, 2021 |
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July 8, 2021
August 2021 - No meeting
September 9, 2021
October 7, 2021
November 4, 2021
December 2, 2021 |
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