The steps to get a real estate license in New Jersey are very straightforward, especially in comparison to other states. You need to complete 75 hours of pre-licensing courses, pass the real estate exam, choose a sponsoring broker, and submit your application. This article will show you how to get a real estate license in New Jersey in five steps.
1. Verify Your Eligibility to Become an Agent
Before you pursue a real estate license in New Jersey, make sure you meet the eligibility requirements to become a real estate agent. To be eligible for a real estate license in New Jersey, you must be at least 18 years old, be a resident of the United States, and have a high school education or equivalency.
You will also be required to complete 75 hours of required pre-license courses to get a real estate license in New Jersey. Unfortunately, these courses are not offered online. Therefore, you must choose a state-approved school to attend in person. Check this list of approved schools around the state to find the best location and class schedule for you.
You can also use the “map” button on the NJ real estate commission’s page to see each school’s location and find prices, reviews, and more information on its websites. If you are still unsure what school to choose, ask real estate agents and brokers you already know for their suggestions.
2. Complete Pre-Licensing & Exam Prep Courses
Once you choose a real estate school, you can register for classes. Be ready to take notes because the topics covered in the real estate pre-licensing courses will help you pass the New Jersey exam and help you become a successful salesperson. You’ll learn many details about the real estate process in New Jersey and the ability to ask questions will help you start your new career with confidence.
The 75 hours of real estate pre-licensing courses will cover:
- Ethics and Ethical Conduct
- New Jersey Laws and Regulations
- Deeds and Leases
- Taxes, Mortgages, and Appraisals
3. Pass the New Jersey Real Estate License Exam
After you’ve completed all 75 hours of coursework for your New Jersey real estate license, your school will automatically send confirmation of your course completion to PSI. You can then register for the state exam by visiting PSI Exams, creating an account, scheduling your exam, and paying the exam fee of $45. New Jersey real estate exams are offered in many locations throughout the state on every day of the week.
New Jersey Real Estate Pre-Licensing Exam Questions
The New Jersey real estate exam has 110 multiple-choice questions, and a passing score is 70% or higher. 80 questions are on the national portion, and you must get 56 questions correct in order to pass. The remaining 30 questions are on state-specific topics, and you must get 21 correct to pass.
What to Bring to the Exam
Before exam day, make sure you’ve looked at PSI’s requirements, which are similar to the requirements for taking the exam or getting your real estate license in other states. Make plans to get to your testing center at least 30 minutes early. You’ll need to bring:
- Two valid forms of ID, at least one must be government-issued
- Confirmation Code
- Course Documentation
- Two Pencils
Keep in mind that there are also items you are not permitted to bring to an exam center. You may not bring food, drinks, cell phones, or personal items.
4. Choose a Sponsoring Brokerage
All New Jersey real estate agents must work under a sponsoring broker. Choosing the right brokerage to work for isn’t easy and can be overwhelming. 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, and our guide comparing the best real estate companies to work for here.
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 2019 below.
Real Estate Brokerage
Sales Volume (2019)*
Keller Williams Realty Ridgewood
Prominent Properties Sotheby’s International Realty
Keller Williams Realty West Monmouth
Berkshire Hathaway HomeServices NJ Properties
Coldwell Banker Residential Brokerage/NRT
*Data from Real Trends Market Leaders 2019
5. Complete Fingerprinting and Submit Your Application
The final step before applying for a New Jersey real estate license is to get fingerprints taken. You must complete a live scan of your fingerprints as soon as possible after passing your real estate license exam. The fee for fingerprinting is $66.05, and you’re required to pay when you schedule your appointment.
You must submit your New Jersey real estate license application through your sponsoring broker. Make sure you have all the required documentation and application fees, and then your broker will submit your application online to the Licensing Services Bureau.
What you need to submit your New Jersey real estate license application:
- A copy of your Universal fingerprint form
- A copy of your payment receipt issued by IDEMIA (fingerprint vendor)
- Application fee of $160
Once all of the correct documentation is submitted, it usually takes two to four weeks for your real estate license application to be processed.
Does New Jersey have reciprocity with other states?
New Jersey does not have reciprocity with other states. If you are a real estate agent or broker in another state, you cannot conduct business in New Jersey.
Can I take pre-licensing courses online?
You are not permitted to take New Jersey real estate pre-licensing courses online. You must choose a school and schedule in-person classes. However, you can take an exam prep course online.
How much does it cost to get a New Jersey real estate license?
In order to get your New Jersey real estate license, you will have to pay an exam fee of $45, a fingerprinting fee of $66.05, and a salesperson fee of $160.
The steps to receiving a New Jersey real estate license are very straightforward. If you are eligible to be a real estate agent in New Jersey, you just need to register for pre-licensing courses, pass the real estate license exam, choose a sponsoring broker, get fingerprints taken, and submit your application. If real estate is a career path that fascinates you, this could be the first steps of your new career.
If you work hard and take the courses seriously, you should be able to pass the exam. However, if you want to save time and energy and utilize tools that will help you learn faster and more easily, we recommend Real Estate Exam Scholar. Its Exam Prep course is only $29 and gives you a money-back guarantee if you don’t pass the exam on the first try.