New Jersey Statutes
§ 45:15-41 — Revocation of license upon issuance of court order for payment from fund.
New Jersey·Title 45 PROFESSIONS AND OCCUPATIONS
8.Upon the issuance of a court order for payment from the real estate guaranty fund the license of the broker, broker-salesperson, or salesperson, whose acts gave rise to the claim, shall be revoked and no such broker, broker-salesperson, or salesperson shall be eligible for reinstatement of his license until he shall have satisfied the judgment in full including reimbursement of the real estate guaranty fund together with interest. L.1976, c.112, s.8; amended 1993, c.51, s.40; 2009, c.238, s.22; 2018, c.71, s.28.
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Nearby Sections
15
§ 45:15-1
License required.§ 45:15-1.1
Role of housing referral aide§ 45:15-1.2
License required for acceptance of compensation for providing assistance in locating rental housing§ 45:15-10.10
Real estate school, instructor license§ 45:15-10.12
Restrictions on persons with revoked license§ 45:15-10.13
Revocation of license of school; exceptions§ 45:15-10.14
Power, authority of commission§ 45:15-10.2
Waiver of educational requirements for licensure§ 45:15-10.3
Bureau of Real Estate Education§ 45:15-10.4
Licensure of real estate school§ 45:15-10.5
Licensure as real estate instructor§ 45:15-10.8
Director of real estate school§ 45:15-10.9
Director of public adult education program