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Sept. 13th, 2017 – Down To The Nitty Gritty

September 15, 2017

Here we are – week two of our new semester. It’s time to roll up our sleeves and get down to business. Chapter 1 -‘Historical Development of NJ Real Estate’ and Chapter 2 -‘National Association of Realtors’ of our book are mostly just informational….not really much of this content will be on the NJ Test. We quickly move on to Chapter 3 – ‘New Jersey License Laws’. This is, as they say, the “Big Dog”. The NJ State test to become a Realtor will pull a tad over 30% of its questions from this one chapter.

It makes sense. This chapter spells out in great detail all of the do’s and don’ts for licensees. From advertising to the make-up of the Real Estate Commission to employment agreements to pocket cards to all of the rules & regulations…….it’s all here in this chapter.

So, what is the foundation of all of these guidelines?

The New Jersey Real Estate License Act of 1921 which was designed to license and regulate brokers and salespersons and to establish a Real Estate Commission which developed rules and regulations to protect the public. All licensees in the state are bound by these rules and regulations.

This is exactly why Chapter 3 is the biggest, most important chapter in the entire book. It’s where our careers stop and start. Yes, it is most definitely our foundation.

“Without a solid foundation, you’ll have trouble creating anything of value.”
~Erica Oppenheimer

 

 

 

 

 

 

 

 

 

 

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