law

New Jersey Real Estate Commission

The quasi-judicial body that administers the New Jersey Real Estate License Act (N.J.S.A. 45:15-1 et seq.) and its rules at N.J.A.C. 11:5. It has eight members appointed by the Governor: five brokers licensed at least 10 years, two public members and one executive-branch representative. Appointed members serve staggered three-year terms. It licenses brokers, broker-salespersons, salespersons and referral agents, investigates and imposes fines, probation, suspension or revocation, and administers the Real Estate Guaranty Fund. It does not set commission rates.

Exam tip: Eight members: 5 brokers with 10 years, 2 public, 1 government. The Commission does not set commissions or resolve ordinary commission disputes between brokers.
Example: A broker is accused of mishandling trust funds; the Commission investigates, issues subpoenas, holds a hearing and may fine or suspend the license.

1. Members of the New Jersey Real Estate Commission are appointed by the:

Answer & explanation

Answer: C. Commissioners are appointed by the Governor and serve three-year, part-time terms. The two-year period is the license cycle, not a commissioner's term.

Related terms & state variants

license revocation Real Estate Guaranty Fund (New Jersey) (NJ)Referral Agent (New Jersey) (NJ)

Sources

Source verification pending. Confirm current requirements with your state regulator.

Last verified: 2026-10-23