New Jersey

The New Jersey Real Estate Commission is part of the Department of Banking and Insurance at 20 West State Street, Trenton, NJ 08625 (PO Box 328 Education / PO Box 474 Licensing). Phone (609) 292-7272. Website dobi.nj.gov. Email [email protected]. Statute: N.J.S.A. 45:15-1 et seq. and N.J.A.C. 11:5. PSI delivers the exam under the Salesperson, Broker and Instructor Candidate Information Bulletin (test-takers.psiexams.com/njre, (855) 579-4634, bulletin 1667). The Requirements for Licensure page sets the hours: a 75-hour prelicensure course at a licensed school for salespersons; 150 hours for brokers, as a 90-hour general course FIRST plus two 30-hour courses on Agency/Ethics and Office Management, plus three years full-time as a New Jersey salesperson. New Jersey does not have reciprocity with any state, and a Pennsylvania 75-hour course does not qualify.

PSI gives a single 110-item salesperson exam in 4 hours, with 70% (77 correct) to pass, for $38; 5–10 experimental items count against your time. If you fail, you retake all 110. The school sends your eligibility, which expires one year from the course; you must pass AND apply before that date. IDEMIA Live Scan costs $66.05 after you pass (Universal Form IDG_NJAPP_051719_V1). The $160 licensing fee is $100 + $50 + $10 Guaranty Fund, payable to the State Treasurer, with no personal checks, and is never mailed to PSI. CE runs on a two-year term: 12 hours, including 2 ethics, 1 Fair Housing & NJ Law Against Discrimination, and 1 agency.

For a broker license, you take the 90-hour general course first, then the two 30-hour courses, then file for experience approval ($25), then pass PSI's 115-question, 120-point, 4-hour exam at 70% (84 correct). The licensing fee is $270 ($200+$50+$20 Guaranty Fund). New York's 77 hours, Pennsylvania's reciprocal 75, and Delaware's 99 are shown for comparison only. New Jersey's rules are its own: there is no reciprocity, the exam is a single test rather than separate portions, and Pinelands, Mount Laurel, attorney review, and the Realty Transfer Fee are scored items.