The notes below are intended only to supplement a complete and diligent review of the related chapter in your course text. Studying these notes alone is not expected to be adequate test preparation.

 

 

CAUSES FOR DISCIPLINARY ACTION

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The New Jersey Real Estate Commission may place a licensee on probation or suspend or revoke a license when the licensee is deemed to be guilty of any of the following. In addition, or as an alternative to such probation, revocation or suspension, a penalty of not more than $5,000 for a first violation, and a penalty of not more than $10,000 for any subsequent violation may be imposed.

1. Making false promises or substantial misrepresentation  MORE INFO
   
   
2. Dual representation in a transaction without disclosure  MORE INFO
   
   
3. Making false representations through salespersons, broker-salespersons, advertisements or otherwise MORE INFO
   
   
4. Failure to account for or pay over any moneys belonging to others
   
   
5. Conduct which demonstrates unworthiness, incompetency, bad faith or dishonesty  MORE INFO
   
   
6. Failing to cooperate with a real Estate Commission investigation
   
   
7. Failing to provide client, at the time of execution, with an copy of any sale or exclusive sales or rental listing contract  MORE INFO
   
   
8. Failing to specify an unqualified definite termination date in an exclusive sale or rental listing agreement
   
   
9. Using a lottery, contest, game, prize or drawing for the sale or promotion of real estate MORE INFO
   
   
10. Being convicted of a crime, knowledge of which the Commission did not have when the license was issued
    
    
11. Being paid as a real estate broker and representing either party in the transaction in a different capacity for consideration MORE INFO
    
    
12. Indicating membership in a real estate organization of which the licensee is not a member
    
    
13. Paying a rebate, compensation or commission to an unlicenced person
    
    
14. Any conduct which constitutes fraud or dishonest dealing
    
    
15. Accepting a real estate transaction related fee from anyone other than the employing broker
    
    
16. Procuring a real estate license by fraud, misrepresentation or deceit
    
    
17. Commingling
    
    
18. Failing to disclose to the buyer, in the contract of sale, when the licensee has any ownership interest in the property  MORE INFO
    
    
19. Failure of a seller/licensee to disclose his status as a licensee in the sales contract  MORE INFO
    
    
20. Failure of a buyer/licensee to disclose his status as a licensee in the sales contract  MORE INFO
    
    
21. Charging a fee or commission for supplying lists of purportedly available rental housing before a lease is drawn or the tenant take possession without complying with all applicable rules
    
    
22. Failing to notify the Commission within 30 days of:
    1. being convicted of a crime, misdemeanor or disorderly person offense
    2. being indicted
    3. filing of any formal criminal charges against the licensee
    4. suspension or revocation of a real estate license in another state
    5. initiation of formal disciplinary proceedings in another state
       
       
23. Failing to supply the Commission with any documentation they may request regarding a licensee disciplinary action in another state
    
    
24. Violation of any of the laws or regulations pertaining to real estate licensees