It’s important to plan your CE strategically. Courses are available online, self-paced, or in live classroom settings, offering flexibility to fit your schedule. If you’re newly licensed after July 1, 2024, you’re exempt from these CE requirements for the 2025 term. However, keep in mind that CE credits do not roll over to the next cycle, and you cannot earn credits by retaking the same course within the same renewal period. You can find a variety of approved CE courses with Polley Associates School of Real Estate in the classroom, online and on livestream zoom.

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Caride reminded “all licensees to be vigilant and diligent when handling or arranging wire transfer transactions.” She asked licensees to familiarize themselves with the bulletin and “exercise all reasonable care with such transactions.

An image of a portion of the bulletin appears below. Clicking on the image will open an Adobe Acrobat copy of the bulletin in your web browser, which can be downloaded to your computer and read or printed for your convenience.

This item is reproduced by Polley Associates as a public service for its students or others interested.

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Copies of the notice were distributed for licensees’ use in August 2018 by the state Office of the Attorney General. An image of a portion of the notice appears below. Clicking on the image will open an Adobe Acrobat copy of the notice in your web browser, which can be downloaded to your computer and printed for compliance with the law.

This item is reproduced by Polley Associates as a public service for its students or others interested.

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Photo by David Clarke via Unsplash

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A New Jersey Star-Ledger editorial published Sunday (June 25, 2018) cites continued global warming predictions as a concern for the real estate market along the Jersey shore. “If you have just acquired a 30-year mortgage for a beachfront property in Lavallette, Long Beach, Little Egg Harbor or a few dozen other New Jersey towns,” it wrote, “that house is likely to be underwater by the time you pay it off.”

Its intended meaning was literal, and not just a reference to home value. “Your seaside citadel is likely to be uninhabitable by 2045 because many waterfront communities along New Jersey’s 130 miles of coastline will require that you wade from your driveway to your front door,” the newspaper opinion added.

It quoted a Union of Concerned Scientists’ study which “determined that accelerating sea-level rise – driven primarily by climate change – will put more than 62,000 residential properties in (New Jersey) at risk of chronic flooding over the next 30 years, a collective loss cost of $26.8 billion.”

Only Florida will face more destruction, according to the scientists’ group.

The editorial suggested Americans “respect the science” and take greater interest in United States’ participation in international climate control agreements.

“Adaptation and shore replenishment will always be necessary,” the editorial concluded. “But if we continue to make bad choices – in lifestyle, energy options, and at the ballot box – we cannot be surprised if New Jersey’s treasured coastal real estate market washes away in our time.”

Free video stock footage from Videezy;
production by Polley Associates

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Pennsylvania agents can do business in New Jersey, but they must be dual licensees; in other words, they must have a PA license and a New Jersey real estate license as well. Dual licensees must be supervised by a broker who also holds a license in PA and NJ.

The New Jersey State Real Estate Commission has demonstrated its willingness to issue New Jersey real estate licenses to Pennsylvania residents who want to work on both sides of the river. The Commission has very specific requirements, however, that must be met before licensure is granted. They’re explained on a page in the Polley website’s Learning and Resource Center, here.

To qualify, New Jersey requires Pennsylvania licensees to take a 15-hour broker course approved by the Pennsylvania State Real Estate Commission. (See Item 1 under the “Second Option” heading on the Learning and Resource Center page). Polley Associates regularly offers 15-hour broker courses that can be used for this purpose, available in both classrooms or via Livestream.

There are other requirements, too. And, yes, prospective New Jersey licensees must take a test; there is no reciprocity with Pennsylvania. Read the details on the page.

If you’re a Pennsylvania-licensed broker who wants to obtain a New Jersey broker license, that’s also possible. Those details are found on a separate page, here.

Polley Associates is Pennsylvania’s oldest and largest “approved provider” school for real estate career professionals. It also meets the needs of licensees in New Jersey and partners with the Center for Specialized Real Estate Education to bring designation and certification courses to REALTORS® across the country.

Last updated 2022.06.14

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But the states have different deadlines. New Jersey renewals are due by April 30 of odd-numbered years (2017, for example). Pennsylvania renewals are due by May 31 of even-numbered years (like 2018).

They have different requirements, too. New Jersey law specifies its licensees must take 12 hours of education that includes at least 6 hours of core and ethics content. Pennsylvania demands 14 hours of education, with at least 3 hours of rules and regulations content. There are other minor variables as well.

So what do you do if you’re licensed in both states, like many agents living in the Philadelphia or Lehigh Valley areas? In the past, they had no choice but to take two separate sets of continuing education, one for each state, totaling 26 hours. Fortunately, that’s no longer the case.

Polley Associates is among the very few schools nationwide that offers dual-state continuing education for New Jersey and Pennsylvania. For classroom learners, Polley provides a new two-day course titled “The Ethical Agent.” For online learners, Polley presents a PA and NJ renewal package of four shorter courses that accomplish the same goal.

Both are reasonably priced. Both are huge time-savers.

• Find classroom schedules for “The Ethical Agent” here.
• Find the online PA and NJ renewal package here.

The post Why Double Your Work? One Course Renews Two Licenses appeared first on Polley Associates School of Real Estate.

The new content covers answers to:

• How much geographic coverage does the application provide?;
• How does the application handle new construction?;
• How does it handle properties in rural locations?;
• Will appraisers have access to the application?;
• Will the use of the application as an appraisal review tool by Fannie Mae lenders result in more work for appraisers, who may be asked to make changes based on the CU feedback?; and
• Will Fannie Mae purchase loans that receive high-risk scores and/or risk flags generated by the application?

Summers and other Polley instructors discuss the frequently-asked questions sheet, as well as the responsibilities of appraisers affected by Collateral Underwriter, during the school’s “Defensible Appraisal Practices” course. It currently is scheduled to be held May 14 and June 12 in Newtown Square PA; and April 30 and June 2 in Blue Bell PA.

An Adobe Acrobat copy of the document is available for download from Polley Associates, here.

Photo from Google Images

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Executive Director Robert Kinniebrew noted the renewal cycle began April 1, and directed licensees to “go to the (commission’s) Real Estate Online Licensing Services Menu – found here – for all the information” licensees need, including the state’s 2015 Real Estate License Renewal Notification and all necessary links to its Online Services Login pages.

The commission is a division of the New Jersey Department of Banking and Insurance.

Photo from Google Images

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For those former NJ licensees, 12 hours of specific continuing education will be required for both the preceding license term (July 1, 2011 to June 30, 2013), as well as the current term (July 1, 2013 to June 30, 2015), according to the commission website. Reinstatement applications were being accepted as of Aug. 1 (2013).

Additional general information about NJ continuing education requirements also are available on the website, here.

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