In this guide you’ll learn all the details you need to know to get your license and become a real estate agent in New Jersey.
You’ll learn the basic real estate licensing requirements in New Jersey, information about the exam including pass rates and test prep, reciprocity rules, county by county breakdowns of the most expensive real estate in New Jersey, and more.
Okay, grab a cup of coffee, and let’s start at the beginning.
Basic New Jersey Real Estate Licensing Requirements
Getting a real estate license in New Jersey is rather easy compared to other states. You only need a total of 75 classroom hours of commission-approved pre-licensing courses. In comparison, to get a license in Texas, real estate licenses require applicants to complete 180 hours of courses. Here’s a quick breakdown of the real estate licensing requirements in New Jersey:
Pre-licensing Courses Required in New Jersey
In order to get a real estate license in New Jersey, you will need to complete 75 hours of real estate pre-licensing courses that will cover:
- Ethics and Ethical Conduct
- New Jersey Laws and Regulations
- Deeds and Leases
- Taxes, Mortgages, and Appraisals
New Jersey Real Estate Exam Information
If you work hard and take the courses seriously you should have no problem passing the exam. If you’re looking for help studying for the test, we recommend Real Estate Exam Scholar’s Exam prep course. They offer top-notch exam prep for an affordable price. Even better, they also offer a money back guarantee if you don’t pass on the first try.
New Jersey Pre-Licensing Exam Questions
- Total of 110 multiple-choice questions
- 80 questions on the national portion (56 correct required to pass)
- 30 questions on the state-specific portion (21 correct required to pass)
What to Bring to the Exam
- 2 valid forms of identification with signatures. One ID must be a government-issued Photo ID
- Confirmation Code
- Course Documentation
- 2 Pencils
You must earn a score of 70% or higher to pass the New Jersey Real Estate Exam
New Jersey Real Estate License Fee
$160 (Background Check Fee: $70.25)
Exam Fee in New Jersey
You need to have at least a high school diploma or GED in order to apply for a license in New Jersey.
Applicants must be at least 18 of age or older
You must be a legal resident of the United States.
Any active member of the New Jersey Bar who is in good standing and qualified under the real estate license law is exempt from taking the real estate prerequisite course.
You must satisfy the Commission’s requirements regarding your honesty, trustworthiness, character, and integrity. If you have ever been convicted of a crime, the real estate license application may be denied in the state of New Jersey.
Due to mandatory wait periods, it normally takes 2-4 weeks to process the license.
Online Real Estate Schools in New Jersey
While taking your real estate pre-licensing course in person can be helpful, online courses are much cheaper and offer the exact same courses. Career WebSchool is a solid choice. However, New Jersey does not allow online real estate pre-licensing courses.
New Jersey Real Estate License Reciprocity and Portability
If you plan on working in states besides New Jersey, then you need to know the real estate license reciprocity and portability laws for New Jersey.
- Reciprocity: New Jersey doesn’t have reciprocity agreements with any other state.
- Portability: Turf State
To learn more about real estate license portability in New Jersey, check out our guide on real estate license reciprocity and portability here.
How to Choose the Right Real Estate Company to Work For in New Jersey
Let’s face it. Choosing the right brokerage to work for in any state isn’t easy. In order to make your choice a little bit easier, check out our in-depth guide on choosing the right real estate company to work for.
If you’re curious about which New Jersey brokerages are the most successful, check out Real Trends list of the top real estate brokerages in New Jersey for 2016 below.
|Real Estate Brokerage||Sales Volume (2015)|
|Prominent Properties Sotheby’s International Realty||$1,583,745,102|
|Gloria Nilson & Co. Real Estate||$1,529,983,387|
|Berkshire Hathaway HomeServices NJ Properties||$1,409,726,516|
|Coldwell Banker Residential Brokerage/NRT||$1,363,055,000|
|Keller Williams Realty Ridgewood||$1,043,489,775|
*Data from Real Trends Market Leaders 2016
New Jersey Counties with Highest Average Listing Price and Highest Median Sales Price 2016
Let’s face it, higher listing prices mean higher commission checks! To get a sense of which counties offer the best opportunities for big bucks in New Jersey check out this sales data from Trulia’s New Jersey home price page below:
|County||Average List Price||Median Sales price|