Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of New Jersey or anyone looking to become a real estate agent or realtor in New Jersey. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The New Jersey Department of Banking and Insurance (DOBI) oversees
the New Jersey
Real Estate Commission. The Commission, whose office is in Trenton, New
Jersey, was created in 1921 to administer and enforce the real estate licensing law within
the state. New Jersey has approximately 83,850 real estate salespersons and 7,900 real
The requirements for a real estate salesperson license in New Jersey include being at
least 18 years of age and having a high school diploma or GED.Salesperson applicants need
to successfully complete at least 75 hours of approved real estate courses, and at least
three of these hours need to be about ethics and ethical conduct. All salesperson
applicants need to successfully pass the real estate exams before applying for their
The requirements for a real estate broker license in New Jersey
include being at least
18 years of age and having a high school diploma or GED. Applicants for the broker license
need to complete 150 hours of approved real estate courses. This consists of 90 hours of
general education, and then two 30-hour courses on Agency/Ethics and Office Management and
related topics. The Commission considers a waiver of some of the education courses under
certain circumstances. Broker applicants need to have been employed as a New Jersey real
estate salesperson for the three years immediately preceding their application, and all
applicants are required to successfully pass the real estate broker examination before
being issued a license.
The license applications for all real estate agents require full disclosure of any
crimes, misdemeanors, criminal accusations, child support problems, and whether the
applicant has ever had a real state license revoked, suspended or denied in any state.
Applicants need to provide proof that they are either U.S. citizens or an alien lawfully
admitted for permanent residence. Applicants must apply for their examination and license
within one year of completion of their education courses. New Jersey does not have
reciprocity agreements with any other states.
The approved prelicensure and continuing education real estate
schools for salespersons, and the approved schools for brokers, are listed
online. The schools are located throughout the state for easy access.
New Jersey real estate licenses are issued for a two year period that ends on June
30th,.As of March 1, 2010, fees
are as follows: The initial license fee for a salesperson is $160.The initial license fee
for a broker is $270.Renewal fees are $100 and $200 respectively.
All Candidates for New Jersey Real Estate Licenses will be required to complete the fingerprinting
process as a condition of securing a real estate license.Background
checks are also required, and the fee for the background check is $70.25.
Some real estate applications and
forms are available online, and others need to be obtained from the
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Organizations like the New Jersey Association of Realtors
and the National Association of Real Estate
Brokers (NAREB) assist many in locating real estate jobs within the industry.
The Association of Real Estate License Law
Officials (ARELLO) and The National
Association of Realtors (NAR), the world's largest professional association,
are excellent resources for real estate education and professional enrichment.
New Jersey Real Estate Forms
New Jersey Reciprocity States
- Most real estate forms can be obtained online. Ones
listed below pertain to new salespersons and brokers.
(as of 2/23/2010)
New Jersey Approved Real Estate Schools Prelicensing and Postlicensing
Atlantic Cape Community College
Bergen Community College
Cumberland County College
Gloucester County College
Mercer County Community College
Ocean County College
Raritan Valley Community College
ABS School of Real Estate (Newark)
Academy for Real Estate Careers (Lanoka)
Central Jersey Real Estate Institute (Belle Mead)
Garden State Real Estate Academy (Medford)
Meadowlands School of Real Estate (Secaucus)
Ocean School of Real Estate, Inc (Brick)
Premier Real Estate School (Wenonah)
|Last Update: 3/1/2010
This list may not include all approved schools. Please visit the website of the New Jersey Real Estate
Commission for the latest list of approved real estate schools.