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Real Estate/ Continuing Education/ New Jersey Real Estate CE/ Wholesaling in Today's Market
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Wholesaling in Today's Market

$39
This product includes:
No CE required to reinstate as Referral Agent; CE Requirements vary based on desired license type Elective Hours: 0 Core Topics: 3 Total Hours: 3
Description
State Requirements

Real estate wholesaling is not a new concept. However, the practice, regulation, and public perception of wholesaling have changed significantly in recent years. For real estate professionals navigating a market where wholesaling is becoming more popular and increasingly problematic, understanding its legal, ethical, and professional implications is more important than ever.

This three-hour course provides a straightforward examination of wholesaling: how it operates, when it crosses legal and ethical boundaries, and why it faces greater scrutiny from lawmakers and the public. You’ll examine how some investors use wholesaling as a legitimate and transparent strategy to build wealth, while others exploit it to bypass licensing requirements, mislead sellers and buyers, and disrupt housing stability, particularly in vulnerable communities.

Whether you are new to wholesaling, advising clients involved, or simply looking to avoid legal issues, this course is designed for you.

Course highlights include:

  • Foundational principles of wholesaling
  • Strategic uses of wholesaling
  • State laws and licensing implications of wholesaling
  • Red flags to indicate predatory wholesaling practices
  • When wholesaling becomes illegal
  • Ethical wholesaling
  • Collateral damage of wholesaling
  • Legal and civil penalties
  • Effects of predatory wholesaling on housing market
  • Real-world cases, interactive scenarios, and activities to understand wholesaling in your real estate practice

Package Content:

State Requirements For New Jersey

New Jersey State Requirement Details for Salesperson Licensed With Real Estate Referral Company (formerly known as Referral Agent) Continuing Education

To reinstate or renew a Salesperson Licensed With Real Estate Referral Company (formerly known as Referral Agent) license, applicants do not have to complete continuing education.  However, CE is required to change license type from SLWRERC (formerly known as referral agent) to other license types.

If you have been licensed as an SLWRERC (formerly known as referral agent) for less than 1 year and were not previously licensed as a broker, broker-salesperson or salesperson, you are eligible for licensure as a salesperson without being required to complete any continuing education.

If you have been licensed as an SLWRERC (formerly known as referral agent) for between 1 and 6 years and were not previously licensed as a broker, broker-salesperson or salesperson, you must complete 24 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a salesperson.

If you have been licensed as an SLWRERC (formerly known as referral agent) for more than 6 years immediately preceding application for licensure as a salesperson and were not previously licensed as a broker, broker-salesperson or salesperson, you must complete the prelicensure education requirement applicable to salespersons and to pass the State license examination for salespersons.

To qualify for relicensure as a Salesperson:

If you have been licensed as an SLWRERC (formerly known as referral agent) for less than 3 years, you must complete 12 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a salesperson.

If you have been licensed as an SLWRERC (formerly known as referral agent) for between 3 and 6 years, you must complete 18 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a salesperson.

If you have been licensed as an SLWRERC (formerly known as referral agent) for more than 6 years immediately preceding application, you must complete 30 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a salesperson.

To qualify for relicensure as a Broker or Broker-salesperson:

If you have been licensed as an SLWRERC (formerly known as referral agent) for less than 3 years, you must complete 18 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a broker or broker-salesperson.

If you have been licensed as an SLWRERC (formerly known as referral agent) for between 3 and 6 years, you must complete 24 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a broker or broker-salesperson.

If you have been licensed as an SLWRERC (formerly known as referral agent) for more than 6 years immediately preceding application, you must complete 30 hours of continuing education in ETHICS and/or CORE topics within the two years immediately preceding application for licensure as a broker or broker-salesperson.

The CE Shop’s Offering: 

  • Core topics
    • Fair Housing & New Jersey Law Against Discrimination
      • Fair Housing in New Jersey
    • Ethics
      • Ethics at Work
      • Using the Code to Solve Ethical Dilemmas
      • Wholesaling in Today's Market
    • Agency
      • NJ Agency: Licensee Relationships and Duties
      • New Rules, New Roles: NJ Licensee Business Relationships
      • AAA: All About Agency
    • Other Core Topics
      • Assistance Animals and Fair Housing
      • Diversity: Your Kaleidoscope of Clients
      • Keeping it Honest: Understanding Real Estate & Mortgage Fraud
      • Lead Awareness and Compliance
      • Marketing, Advertising, and Social Media Compliance
      • Personal Safety
      • Section 1031 Tax-Deferred Exchanges
      • Sex and Real Estate: Sexual Harassment, Sexual Discrimination and Fair Housing

Reporting: The state requires course completions to be reported to PSI. We will report your course to PSI upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Referral Agent License Reinstatement Process: The process to reinstate a referral agent license in this state can be found here. 

Still have questions? Visit our Frequently Asked Questions or Contact Us.

New Jersey Real Estate Commission

Street Address: 20 West State Street, Trenton, New Jersey 08608

Mailing Address: PO Box 328, Trenton, New Jersey 08625-0328

Telephone: (609) 292-7272

Email: realestate@dobi.nj.gov

New Jersey Real Estate Commission

NJREC License Reinstatement

CE Required to Change License Type

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