Can a licensed referral agent also be licensed as a salesperson or broker-salesperson or employing broker or broker-of-record simultaneously? Yes, a referral agent will be required to renew beginning with the 2013-15 biennial license renewal.ħ. Is a referral agent required to renew their license? No, a licensed referral agent is only permitted to refer prospects to the broker through whom they are licensed, and is only permitted to accept compensation from his or her employing broker or broker-of-record.Ħ. Can a referral agent make referrals to other brokers and or companies? Click here for more detailed information on the restrictions on the brokerage activity of referral agents.ĥ. How are the brokerage activities of a referral agent restricted?Ī referral agent is limited to referring prospective consumers of real estateīrokerage services to their employing broker or broker-of-record. The applicant and his/her broker must also submit certifications confirming their having reviewed the legal restrictions on the brokerage activity of referral agents.Ĥ. To qualify for licensure as a referral agent, an individual must fulfill the prelicensure education requirement for licensure as a salesperson or broker and pass the salesperson or broker license examination. What are the requirements for licensure as a referral agent? Yes, all referral agents must be employed by and operate under the supervision of a licensed real estate broker.ģ. Does a referral agent have to be licensed with and employed by a broker? Proposed rules regarding referral agents will be published in the New Jersey Register and posted on the Department’s website at on August 1, 2011, with a 60-day comment period to follow.Ģ. The referral agent license type became effective July 1, 2011. When will the referral agent license type become effective? Do I need to complete continuing education to do so? Answerġ. I am licensed as a referral agent and want to change my status to salesperson, broker-salesperson or broker. Will a referral agent be required to complete continuing education courses? Answer Who will have to complete continuing education courses? Answer When will I be required to complete continuing education courses? Answer How can I verify my current license status? Answer My license is currently inactive can I pay a fee in order to maintain my license in an inactive license status? AnswerĬan I reinstate my unrenewed license and change my license type to referral agent? AnswerĬan I transfer my license from one broker to another without a paper license? Answer ![]() ![]() What is the procedure and deadline for reinstating (reactivating) my license? Answer The last active license issued to me expired July 19, 2021. I did not renew my license for the 2019-2021 license term. What is the fee to change the license type of a salesperson or broker-salesperson to a referral agent? Answer If I am currently licensed as a salesperson or broker-salesperson when can I change my license type to referral agent? Answer ![]() Will I be able to apply for a referral agent license after passing the salesperson or broker license examination? Answer Is a referral agent required to renew their license? AnswerĬan a licensed referral agent also be licensed as a salesperson or broker-salesperson or employing broker or broker-of-record simultaneously? Answer How are the brokerage activities of a referral agent restricted? AnswerĬan a referral agent make referrals to other brokers and or companies? Answer What are the requirements for licensure as a referral agent? Answer Individuals who passed a license examination prior to Jand wish to be initially licensed as a referral agent MUST submit Referral Agent Certification with applicationsĭoes a referral agent have to be licensed with and employed by a broker? Answer ![]() Restrictions Upon Brokerage Activities of Referral Agents Referral Agent Application for Reinstatement/Transfer, Name Change or Change of License Type - Fillable MS Word or PDF When will the referral agent license type become effective? Answer Referral Agent Licensing Frequently Asked Questions Home > NJ Real Estate Commission > Licensing and Education > Referral Agent
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