Getting A Real Estate License In New Jersey
- By Tin Lam
- Published 01/17/2012
- Real Estate
- Unrated
Compared to other countries and other states, getting a real estate license in New Jersey is pretty straightforward and not at all complicated. In fact, it only takes four steps. Go to the website of New Jersey Real Estate Commission (NJREC) or read this article to find out what those steps are.
The very first step is that all prospective agents should enroll in realtor license classes and complete a mandatory 75-hour pre-licensure course. In choosing the school, one must only enroll in an accredited school. Otherwise, the hours will not be valid. NJERC has a list of accredited schools and the prospective agent should only choose one from the list. Furthermore, the prospective agent should not incur more than 15 hours worth of absences and that he should pass the final exam which will be administered by his chosen school. If one is determined to be a real estate agent he will make sure that he already mastered all the concepts and basics of real estate before taking the final exam. Not that the exam is extremely hard, but in doing so, there is a higher chance that he will pass the exam.
After attending realtor license classes and completing the pre-requisite hours as well as passing the final exam administered by the school, the prospective agent is now eligible for New Jersey's Salesperson's Licensing Exam. Currently administered by PSI Exams, prospective agents must get at least 75% in order to pass the exa
m. The exam is typically composed of 150-200 multiple-choice questions and students must finish them within three hours. After finishing the licensing exam, prospective agents will have to wait for a few weeks for the results to be released. Should a prospective agent pass the state exam; he will be given a congratulatory letter and a PSI Score Report. If, on the other hand, a prospective agent fails, he will be given a report containing the subject areas he needs to improve on in order to pass the next state exam.
For prospective agents who passed the state exam, he will need to schedule an appointment with Sagem Morpho Company for background check. Fingerprints will be taken and be scanned to make sure one has no criminal history. After passing the background check, prospective agents may now bring their PSI Score Report and Sagem Morpho documents to their desired real estate company. Should the application of the prospective agent be accepted, the brokerage company will be the one to submit the prospective agent's application to NJREC for licensing review.
Come to think of it, the required number of hours one should get from realtor license classes and the whole process of getting the licensed itself are not difficult. The difficult part is actually passing the final exam from the accredited real estate school and passing the state exam. However, if one is serious and if one wants to reap the financial rewards of being a real estate agent, one should study hard and memorize by heart all the necessary concepts of real estate.
The very first step is that all prospective agents should enroll in realtor license classes and complete a mandatory 75-hour pre-licensure course. In choosing the school, one must only enroll in an accredited school. Otherwise, the hours will not be valid. NJERC has a list of accredited schools and the prospective agent should only choose one from the list. Furthermore, the prospective agent should not incur more than 15 hours worth of absences and that he should pass the final exam which will be administered by his chosen school. If one is determined to be a real estate agent he will make sure that he already mastered all the concepts and basics of real estate before taking the final exam. Not that the exam is extremely hard, but in doing so, there is a higher chance that he will pass the exam.
After attending realtor license classes and completing the pre-requisite hours as well as passing the final exam administered by the school, the prospective agent is now eligible for New Jersey's Salesperson's Licensing Exam. Currently administered by PSI Exams, prospective agents must get at least 75% in order to pass the exa
For prospective agents who passed the state exam, he will need to schedule an appointment with Sagem Morpho Company for background check. Fingerprints will be taken and be scanned to make sure one has no criminal history. After passing the background check, prospective agents may now bring their PSI Score Report and Sagem Morpho documents to their desired real estate company. Should the application of the prospective agent be accepted, the brokerage company will be the one to submit the prospective agent's application to NJREC for licensing review.
Come to think of it, the required number of hours one should get from realtor license classes and the whole process of getting the licensed itself are not difficult. The difficult part is actually passing the final exam from the accredited real estate school and passing the state exam. However, if one is serious and if one wants to reap the financial rewards of being a real estate agent, one should study hard and memorize by heart all the necessary concepts of real estate.
Tin Lam
Thinking about getting your license in the real estate field? Get the low down on the best real estate license courses now in our guide to real estate license classes online.
View all articles by Tin Lam