There are four kinds of real estate licenses issued in New Jersey. They are for salespersons, broker-salespersons, brokers, and referral agents.

The relationship between a broker and the remaining three is much the same as that between a boss and workers. A broker operating his or her own office under state law must supervise and oversee all sales licensees working from that office or on the broker’s behalf.

A broker is the only individual empowered by state law to conduct a real estate transaction. Sales persons have no legal authority to participate in a transaction without their broker’s involvement.

Individuals who hold a New Jersey broker’s license but work in the office of, and on behalf of, another broker are known by the state as “broker-salespersons.” They too are subject to supervision.

Referral agents are limited to referring prospective consumers of real estate brokerage services to their employing broker or broker-of-record. They cannot accept compensation for referrals from anyone other than their employing broker. They must take all pre-licensure education required for licensure, and pass the salesperson or broker-salesperson license examination.

It’s more difficult and takes longer to get a broker’s license.

You must hold a NJ real estate sales license for at specified period of time before you can qualify to become a broker. Then you need to take significantly more education. You need to pass another licensing exam. Unless you intend to work with another broker as a broker-salesperson or referral agent, you’ll need to start up your own office and meet state requirements for it.

Find Courses For:

• New Jersey Real Estate Sales Licensing

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New Jersey state law requires that you obtain a license to assist in the purchase, sale, rental or lease of real estate on behalf of anyone other than yourself. The license is issued by the New Jersey Department of Banking and Insurance, and is supervised by the New Jersey Real Estate Commission.

How young can I be? Or how old?

To qualify for a real estate sales license you must be at least age 18 or older. You also must legally reside in the United States, and be of “good moral character.”

Do I need a high school diploma?

State law requires that prospective licensees have a high school education or its equivalent, like a GED certificate. You don’t need a college degree. You also don’t need to be currently employed. Getting a license can lead you into a whole new career, and that’s sort of the point!

If you have a “record …”

The Commission flatly states it “must be satisfied as to the applicant’s honesty, trustworthiness, character and integrity.”

If you have a criminal record, or are currently on parole or probation, be aware that your application for a real estate license may be denied. Before you register for classes, check with the Commission by calling 609-292-8300 Ext. 50135 to ensure your past criminal record will not hinder obtaining a license.

If applicable, you must be up-to-date on court-ordered child support payments.

All New Jersey real estate license candidates must be fingerprinted in a state-approved process. This includes all new candidates for individual real estate salesperson, real estate broker-salesperson, real estate broker, and referral agent licenses.

Fingerprinting also is required of any individual who will serve as an officer, director, member, partner or owner of a controlling interest of a corporation, limited liability company or partnership applying for a license to conduct business as a real estate brokerage company.

Find Courses For:

• New Jersey Real Estate Sales Licensing

Illustration by Andrew Croce

The post Licensing NJ: State Requirements Or Qualifications appeared first on Polley Associates School of Real Estate.

• Be 18 years of age or older;
• Have a high school education or its equivalent;
• Complete a 75-hour pre-licensure course at a state-licensed school (Polley is licensed); and
• Pass the license examination.

After successfully completing the course and passing the examination, the applicant must apply for a license through a sponsoring real estate broker. The New Jersey Real Estate Commission must also be satisfied as to the applicant’s honesty, trustworthiness, character and integrity.

Applicants who have been convicted of a crime, or who currently are on parole or probation, may be denied the ability to apply for a real estate license.

Persons who are citizens of New Jersey and who qualify as disabled veterans of the U.S. Armed Forces may be able to obtain waivers of the license education and experience requirements. Call the Commission’s Education Waiver Section at 609-292-7272, Ext. 50137, for details.

New Jersey does not have license reciprocity with any state.

The New Jersey Real Estate Commission is your licensing authority

The Commission, a division of the state Department of Banking and Insurance, is the state real estate licensing authority. For licensing inquiries, it can be contacted at:

Licensing Bureau, Real Estate
NJ Department of Banking and Insurance
P.O. Box 474
Trenton, NJ 08625-0474
Phone (609) 292-7053
Fax (609) 292-6765

The Commission administers and enforces New Jersey’s real estate licensing law and adopted regulations. It has the power to revoke licenses and otherwise sanction individuals and firms for license law violations.

Find Courses For:

• New Jersey Real Estate Sales Licensing

The post How To Get A Real Estate Sales License In New Jersey appeared first on Polley Associates School of Real Estate.

For Pennsylvania-licensed real estate salespersons who wish to obtain a sales license in New Jersey, the New Jersey State Real Estate Commission has issued a one-page guide on the topic (below).

How Polley Associates Makes The Task Easier

We currently offer “broker pre-licensure” courses that are 15 hours. 

• Accredited Buyer Representation
• Seller Representative Specialist
• Senior Real Estate Specialist
• Real Estate Negotiations Expert
• Green Designation

Upon successful completion of a course, Polley will mail you a printed, raised-seal transcript for attachment to your waiver application.

• Find the “New Jersey Salesperson Waiver Application” (cited above).
• Request a “Certificate of License History from the Pennsylvania Real Estate Commission (referred to above by New Jersey as a “Certificate of Licensure – ordered through your PALS account). The Certificate of License History cannot be more than 30 days old at the time of application.

If your waiver is approved by New Jersey, you will be required to take both the national and state portions of the state licensing exam. If you prefer to study from a book:

• For the state portion, Polley sells the “Real Estate Exam Prep Guide New Jersey” for $25. It also is available in stock in our Newtown Square, PA office and can be shipped for an additional fee. Order it by calling us at 610-353-6776 or toll-free at 800-220-2789.

If you prefer to prepare online, Polley sells a combination “national-and-state” New Jersey exam prep product (“National + NJ CompuCram®”) for $79.

The post Adding a New Jersey Real Estate License as a Pennsylvania Licensee appeared first on Polley Associates School of Real Estate.