New Jersey Real Estate Salesperson Licensing Course
New Jersey Real Estate Salesperson Licensing Course is approved by the NJ Real Estate Commission as a prerequisite for the real estate salesperson license examination. The course is also open to those who desire knowledge of buying and selling real estate.
The school will furnish the necessary study materials including a required final exam to better prepare the applicant for the sate exam. Upon successful completion of the course, each student will receive a candidate guide, including the school certificate necessary to take the state exam.
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What does a Real Estate Agent do?
A Real Estate Salesperson (Agent) is hired to facilitate a property purchase, sale or rental transaction on behalf of their client for compensation under the guidance and supervision of a sponsoring Broker.
A Real Estate Salesperson is also commonly referred to as an “Agent”. An Agent or Broker is called a “Realtor®” if he/she is a current member of the National Association of Realtors (NAR) – a private trade organization. In New Jersey, real estate professionals, including Agents and Brokers, are governed by the New Jersey Division of Banking and Insurance (NJDOBI) . The NJDOBI has the power to issue licenses and enforce real estate license laws through fines, suspension and revocation of licenses.
Why should I become a Real Estate Agent
According to the U.S. Bureau of Labor Statistics (BLS) data, employment for real estate Agents is expected to increase 11% from 2012 to 2022.1 Earnings can be particularly lucrative in New Jersey considering how expensive real estate values are, coupled with increasing demand. There will always be great opportunity in real estate since property is often viewed as a positive asset. If you possess strong attention to detail, good communication skills, effective time management and customer service, you can become a very successful Real Estate Agent. Distinguishing yourself through a high level of professionalism, strong ability to verbally articulate complex financial and legal terms, excellent networking abilities, and above-and-beyond customer service skills will help you develop into a well-known and well-respected Real Estate Agent.
What are the requirements?
In order to obtain your license and practice real estate in New Jersey, there are specific requirements that must be met, which include:
- successfully complete a 75-hour qualifying course
- pass the pre-qualifying exam from the school you received your education
- be at least 18 years old
- have an equivalent of a high school education
- obtain sponsorship by a NJ State licensed real estate Broker
- successfully pass the State exam
- pay all applicable fees
- meet residency requirements in the United States
- have no felonies
Once approved and granted a license, the term of license is two years. In addition, you must complete 12 hours of Department of State approved continuing education classes within your two-year license period in order to renew your license once the license term expires.