What is required to get a license in New Jersey?
For salespersons:
- Proof of age 18 and above.
- Proof of completion of 75 hours pre license education.
- Complete and pass the real estate examination.
- Go through a fingerprinting process.
- Register and apply.
- You must submit a cashier’s check, money order, or broker’s business account check with the licensing fee.
- Fees: Examination Fees (Salesperson: $45) License (Salesperson: $160).
For brokers:
- Proof of age 18 and above.
- Proof of completion of 150 hours pre license education.
- You must have 3 years experience as a salesperson and fill in the report.
- Once you submit the certificate of your education completion and the experience form, you will be approved by the commission and receive a Certificate of Examination Eligibility which you can use to schedule your exam.
- Complete and pass the real estate examination.
- Go through a fingerprinting process.
- Register and apply.
- You must submit a cashier’s check, money order, or broker’s business account check with the licensing fee.
- Fees: Examination Fees (Broker: $45) License (broker: $270).
What score do I need to pass?
The salesperson exam consists of 110 questions. To pass, you must answer correctly at least 77 questions, which represent 70% correct.
The broker exam consists of 120 question. To pass, you must answer correctly at least 84 questions, which represent 70% correct.
You will receive your score immediately after you complete your exam.
How much time do I have to complete the exam?
For the salesperson exam: you are allowed a total of 4 hours.
For the broker exam: you are allowed a total of 4 hours.
What should I bring with me for the exam?
- 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver’s license, passport, green card, U.S. social security card, debit or credit card with signature). One of them must be government issued and photo bearing.
- You may bring a calculator which must be silent and should not contain the alphabet.
What is the format of the exam?
The exam is given on a computer.
What is on the exam?
The exam consists of the following topics:
- Property Ownership
- Land use controls and regulations
- Valuation and market analysis
- Financing
- General principles of agency
- Property condition and disclosures
- Contracts
- Transfer of title
- Real estate calculations
- Practice of real estate
- Specialty areas
- Duties and Powers of the Real Estate Commission
- Licensing Requirements
- Statutes and Rules Governing Licensee Activities
- Additional Requirements