New Jersey A 562: Revises out-of-State reciprocity for real estate licensees.

Bill Text

A562 

ASSEMBLY, No. 562 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman ROBERT AUTH

District 39 (Bergen)

Co-Sponsored by:

Assemblywoman Flynn

SYNOPSIS

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

CURRENT VERSION OF TEXT 

���� Introduced Pending Technical Review by Legislative 
Counsel.

��

An Act concerning reciprocity for real estate licensees and supplementing chapter 15 of Title 45 of the Revised 
Statutes.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� The commission shall, in 
its discretion, grant licenses without examination to applicants for licensure 
as a real estate broker, broker-salesperson, or salesperson who are so licensed 
by other states; provided that equal reciprocity is provided for real estate 
brokers, broker-salespersons, and salespersons by the law of the applicant�s 
domiciliary state and provided further that the applicant�s domiciliary state�s 
standards are equal to or comparable to those of this State.

���� 2.��� This act shall take 
effect on the first day of the seventh month next following the date of 
enactment and shall apply to applications for licensure received on or after 
that date.

STATEMENT

���� This bill establishes equal 
out-of-State reciprocity for real estate brokers, broker-salespersons, and 
salespersons from other states with similar standards.� Under the bill, the New 
Jersey Real Estate Commission is required to grant licenses to out-of-State real 
estate brokers, broker-salespersons, and salespersons if equal reciprocity is 
provided by the law of the applicant�s domiciliary state and if the applicant�s 
domiciliary state�s standards are equal to or comparable to New Jersey�s 
standards.