How To Become A Real Estate Agent In New Jersey
Real estate licensure in New Jersey requires you to meet specific educational requirements. You need pre-license training to qualify for licensure and continuing education to secure each renewal.
Below, we'll go over how many hours of training are required, on which topics, by what deadlines, and the other steps you need to take.
What Are New Jersey's Real Estate Pre-Licensing Education Requirements?
The New Jersey Real Estate Commission (NJ REC) requires 75 hours of pre-licensing curriculum from a licensed provider.
Regrettably, AgentCampus by 360training doesn't offer Utah pre-license courses at the moment, only continuing education. Check NJ REC's website to find an approved pre-license training provider.
Who is Eligible to Become a Real Estate Agent in New Jersey?
To qualify for a real estate license in New Jersey, you have to:
- Be 18 or older
- Have a high school education or equivalency
- Satisfy the Commission's standards for honesty, trustworthiness, character, and integrity
What Else Do I Need to Do to Earn My New Jersey Real Estate License?
Aside from your pre-license coursework, you need to:
- Pass the license examination
- Get fingerprinted as soon as possible after you pass the license exam
- Find a sponsoring broker
- Apply for your license through that sponsoring broker
What is the New Jersey Real Estate Licensing Exam Like?
The New Jersey real estate salesperson licensing exam is administered by PSI, a third-party testing company. Testing sites are located throughout the state.
The exam has a total of 110 questions, to be answered over 4 hours. There are two portions: national or general questions and state-specific questions.
You'll know whether you passed before you leave the testing center. If you fail one or both portions of the exam, you'll get a diagnostic report that will tell you what topics to study before you try again.
What is the Deadline for my New Jersey Real Estate License Application?
You need to apply for your license within ONE YEAR of completing your real estate pre-license education.
How Often Does a New Jersey Real Estate License Have to Be Renewed?
All real estate licenses are renewed on the same date in New Jersey: June 30th of odd-numbered years.
What Are New Jersey's Continuing Education Requirements for Real Estate?
New Jersey requires you to complete 12 Continuing Education hours with an approved provider per renewal.
Those hours have to include:
- 2 hours or more of an approved ethic course
- 4 hours or more of other "core" topics
- 6 hours of approved electives or additional core courses
In New Jersey, Continuing Education hours must be REPORTED by April 30th of every odd-numbered year, two months before your renewal.
What Kind of Jobs Can I Get with a New Jersey Real Estate License?
- Residential real estate agent
- Commercial real estate agent
- Real estate broker
- Property manager
Each contains countless specialties and niches to choose from. Some practice areas are more bankable than others; unsurprisingly, those usually call for further licenses or certifications.
You can get a general idea of how much money you can make in New Jersey based on 2019 wage data from the Bureau of Labor Statistics:
| Job Title | Average Hourly Wage | Average Yearly Wage |
|---|---|---|
| Sales Agents | $26.27 | $54,650 |
| Property Managers | $35.45 | $73,730 |
Your income is typically based on commission in the real estate industry, so there's a wide variation in income levels from person to person. Some agents work part-time for supplemental pay, while top earners make big bucks. In New Jersey, the top 90th percentile of sales agents make $133,250.
Check out our Resources page to learn more about different career options, real estate specialties, and how commissions work.
