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Questions, Answered
We're here to help with any questions about getting started in real estate. Getting licensed in New Jersey is a big step, so we've gathered and answered the most common ones below.
Requirements to obtain a New Jersey real estate salesperson license include:
Completing 75 hours of required Pre-Licensing education.
Passing final course exam.
Registering and passing your New Jersey state licensing exam.
Submitting your fingerprints for a background check.
Being sponsored by a New Jersey state real estate broker.
Applying for the New Jersey real estate salesperson license and paying all applicable fees
To get a New Jersey real estate license, you need to be at least 18 years old and hold a high school diploma. Want to learn more? Here are the six steps it takes to get your real estate license.
The amount of time it takes to get your New Jersey real estate salesperson license is dependent on a few factors. Most are able to complete all requirements within three to six months. Between the education requirements, application, exam, fingerprints, background investigation, and sponsorship by an actively licensed New Jersey real estate broker, time frames to licensure may vary. There are a number of steps to complete which include education, application, exam, fingerprints, background investigation, and sponsorship by an actively licensed New Jersey real estate broker.
The New Jersey real estate exam is administered by PSI and can be taken in person or online. Visit https://www.psiexams.com/ for more information.
Pre-Licensing coursework tuition will vary depending on the course package and school. But you can expect to pay a state application fee of $160 for a New Jersey real estate salesperson, and $270 for qualifying broker candidates. The exam fee is around $38, and is paid to the exam administrator, PSI.
Yes, to become a licensed real estate agent in New Jersey, candidates must have at least a high school diploma or GED.
To get a New Jersey real estate license, you need to be at least 18 years of age.
New Jersey salespersons are required to complete 12 hours of Continuing Education every two years.
It depends. Generally, New Jersey does not allow anyone who has been convicted of forgery, burglary, robbery, any theft offense other than shoplifting, criminal conspiracy to defraud, or other like offenses to be licensed IF convicted within the five years preceding the application for licensure.
New Jersey does not have reciprocity with any state. If you are actively licensed as a Salesperson or Broker outside of New Jersey, you may qualify for an Education Waiver.
Many issues factor into average real estate salaries, including the number of real estate transactions and commission fees made in a given year. On average, a real estate salesperson in New Jersey can expect to make around $83,630 per year according to Indeed.com.
More Questions?
Answers to the most common licensing questions.
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