Bill > A562

This bill, concerning out-of-State reciprocity for real estate licensees in New Jersey, requires the New Jersey Real Estate Commission to grant licenses to real estate brokers, broker-salespersons, and salespersons licensed in other states if those states offer the same reciprocal licensing privileges to New Jersey licensees and if the other state's licensing standards are equivalent to or comparable to New Jersey's. This means that if an applicant is already licensed in another state and that state has similar licensing requirements and offers reciprocity, New Jersey will grant them a license without requiring them to take another exam, provided the applicant's home state's standards are on par with New Jersey's. This provision aims to streamline the licensing process for experienced real estate professionals moving to or seeking to practice in New Jersey from states with comparable regulations.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2026/A562