According to an October 28 ruling by the New Jersey Department of banking and Insurance, Real estate Licensee do not need an additional license as Debt Adjusters to negotiate with lien holders in cases of short sales.

If the licensee is acting in the course of providing brokerage services to a seller and the licensee does not receive any additional consideration other than for brokerage services, such license is not required in NJ.

This issue was raised in cases where agents are negotiating short sales under the terms of their license.