45:15-10.11 Grounds for suspension, revocation of real estate school instructor license.
54. The commission may suspend or revoke the license of any real estate school or instructor or impose fines as provided in R.S.45:15-17 upon satisfactory proof that the licensee is guilty of:
a.Making any false promise or substantial misrepresentation;
b.Pursuing a flagrant and continued course of misrepresentation or making false promises through agents, advertisements or otherwise;
c.Engaging in any conduct which demonstrates unworthiness, incompetency, bad faith or dishonesty;
d.Failing to provide a student with a copy of a written agreement which designates the total tuition charges for attendance at a real estate pre-licensure or continuing education course offered by a licensed school, or other charges imposed upon students who enroll in the course, and the refund policy of the school in regard to tuition and other charges;
e.Using any plan, scheme or method of attracting students to enroll in a real estate pre-licensure or continuing education course which involves a lottery, contest, game, prize or drawing;
f.Being convicted of a crime, knowledge of which the commission did not have at the time of last issuing a license to the licensee;
g.Procuring a real estate license for himself or anyone else by fraud, misrepresentation or deceit;
h.Making any verbal or written statement which falsely indicates that a person attended or successfully completed any real estate pre-licensure or continuing education course conducted by the licensee; or
i.Any other conduct whether of the same or of a different character than specified in this section which constitutes fraud or dishonest dealing.
L.1993, c.51, s.54; amended 2009, c.238, s.6.
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Last modified: October 11, 2016