To qualify for a broker’s license an applicant must have a high school education or equivalency and must successfully complete 150 hours of pre-licensure education. Applicants must first complete a 90-hour general real estate course, and then two 30-hour courses on Agency/Ethics and Office Management and related topics. In addition, applicants must have been continually licensed and employed on a full-time basis as a New Jersey real estate salesperson for the three years immediately preceding application. After completion of all three courses applicants must submit to the Education Qualification Section of the Commission their completed school certificate and a completed Experience Report For Broker Applicant form. Following review and approval, the applicant will be mailed a Certificate of Examination Eligibility, which may be used to make a reservation to take the Broker license examination. An applicant must pass the broker license examination and apply for and request the issuance of a license as a broker or broker-salesperson not later than one year after their successful completion of the broker pre-licensure education requirements.

 

If an applicant has ever been convicted of a crime, or is currently on parole or probation their application for a real estate license may be denied. See N.J.S.A. 45:15-9, 45:15­12.1 and 2A:168A-1 et seq. 

 

If you are a disabled United States Veteran and a citizen of New Jersey, it may be possible to secure waivers of the education and experience requirements for licensure. Please contact the Commission’s Education Waiver Section at 609-292-7272 Ext. 50137 for details. 

New Jersey does not have reciprocity with any state. 

 

If you have any questions regarding the above please do not hesitate to contact the Commission’s Education Bureau at 609-292-7272 Ext. 50113 or 50137.

 

Where Can I go for my Pre-Licensing Training: 

There are dozens of schools around the state. All provide the same material to fully prepare you to take and pass the State exam. There is an approved list of schools on the New Jersey Department of Banking and Insurance website. The left column lists a variety of departments – click on Real Estate Commission.  Prudential has an arrangement with the American School of Business that will save an agent joining our company $100 off the published course fee which is currently $295. Anticipate a fee between $295 and $450 among all the schools. 

 

The larger schools offer accelerated schedules which make it possible complete the pre-licensing course in as little as two weeks. With a less intensive schedule the course can be spread out over two months. 

 

There is a $60 fee to the State of New Jersey to take their exam. That exam is computer based and you will have a pass/fail grade immediately upon completion. 

 

From the date of completion of the pre-licensing education candidates have one year to take and pass the State exam which is administered by PSI Services, Inc. AND to file a fully completed application for Licensure with the Licensing Services Bureau, Real Estate. In order to avoid problems with the expiration of their one year period of eligibility and to make a timely filing, candidates MUST complete the fingerprinting process as soon as possible after PASSING the State exam. 

 

For licensees who are not able to make a full time, active commitment to the marketing and selling of real estate, Referral Associates of New Jersey provides an opportunity, at low annual cost, to refer friends, family and neighbors to one of our full-time professionals and receive a significant referral fee. In many of our market areas a typical referral fee can easily be in the thousands of dollars. 

 

For additional information to learn how working as a Referral associate might be best for you, contact Email Jeffrey.halpern@prudentialnewjersey.com 

 

 

 

For more information, visit here: www.state.nj.us/dobi/division_rec/index.htm