New Jersey Real Estate Broker License requirements

Follow these steps in order. Deadlines and affiliation requirements can make a passed exam unusable if they are missed.

1. 1

   Document three years full-time as a New Jersey salesperson

   Prepare the Experience Report while you take classes, but do not file for experience approval until all three courses are on one School Certificate.

2. 2

   90-hour general FIRST, then Agency/Ethics 30 and Office Management 30

   Single School Certificate, PART A/B/C. The salesperson 75 hours do not count as the 90.

3. 3

   $25 experience approval, wait for the Certificate of Examination Eligibility, then PSI $38 (115/120 points/4 hours/84 of 120)

   No personal checks. Do not book PSI first.

4. 4

   IDEMIA $66.05; $270 cart (or sole-proprietor / broker-of-record filing); 12-hour CE including the named cores

   A broker-salesperson needs the prior salesperson license terminated on its reverse side. The Guaranty Fund is $20 within the $270.

Minimum age

18 years old

Identification

A Social Security number is required. An ITIN is not confirmed as a substitute.

Residency and identification

Requirements page: continually licensed and employed full-time as a New Jersey real estate salesperson for the three years immediately preceding application. Out-of-state brokers continuously licensed as a broker in another state for 3 years still complete the two 30-hour courses and attach a current certification of license status and history (PSI bulletin). Disabled veterans may request education and experience waivers through the Education Waiver Section. The fees page lists $25 for a broker education or experience waiver and $25 for approval of the experience report.

Qualifying education

Requirements page and PSI bulletin. The order is mandatory: the 90-hour general course first, then the two 30-hour courses, then the experience-approval filing. All three must be certified on a single School Certificate (PART A / B / C), even if taken at different licensed schools. The salesperson 75 hours do not count toward the 150 or as the 90. You must pass the broker exam and apply for a license no later than one year after completing the broker prelicensure education. Continuously licensed New Jersey brokers who did not take the two 30-hour courses to qualify must complete them and provide their broker license reference number (PSI bulletin).

Education or filing deadline

You have one year from completing the broker prelicensure education to pass the exam and request your license (Requirements page). Experience approval is required before you can reserve the PSI exam.

Character review

The same character review applies. New fingerprints (IdentoGO) are required for the new license type.

Background process

IDEMIA, $66.05, after you pass. Do not rely on old salesperson fingerprints if the Bureau requires a new Universal Form for the broker license type.

Experience

Continually licensed and employed full-time as a New Jersey real estate salesperson for the three years immediately preceding application (Requirements page). File the Experience Report For Broker Applicant form with $25 to the State Treasurer. No personal checks.

Broker affiliation

A broker-salesperson works under another broker ($270 fee). A sole proprietor (employing broker) or the broker of record of a corporation, partnership, or LLC contacts Licensing Services at (609) 292-7272 ext. 50118 or 50442; that is a different filing from the individual $270 license. The fees page lists entity licenses at $270 initial / $200 renewal and branch offices at $150 initial / $100 renewal.

PSI, after NJREC experience approval and the Certificate of Examination Eligibility. Same URL and $38 fee. Take the 115-item broker exam, not the salesperson 110-question exam. · Fee: $38

The same $38 fee and unlimited attempts until eligibility expires. It is a single exam. Do not take the salesperson 110-question exam. Your eligibility depends on the Commission certificate and the one-year deadline from completing education to getting licensed.

These are commission or testing-vendor amounts we can cite. School tuition and optional preparation products are private-market prices.

PSI bulletin: broker-salesperson fee $270 = License $200 + Application $50 + Guaranty Fund $20. The $25 experience-approval fee is separate. The fees page also lists $25 for a broker education or experience waiver and $25 for approval of the experience report; pay the fee that applies to your filing. Fees page: broker of record / sole proprietor / broker-salesperson initial $270, renewal $200, reinstatement $250. Entity $270 / $200. PSI $38. IDEMIA $66.05. Disabled veterans may have the $200 broker license fee waived (bulletin: remaining $70). For employing-broker filings, confirm Bureau extensions 50118 / 50442.

• !

  Taking the two 30s before the 90-hour general, or treating salesperson 75 as the 90

  The order is mandatory. All three courses go on one School Certificate.

• !

  Booking PSI before NJREC experience approval

  You forfeit the $38. Wait for the Certificate of Examination Eligibility. The approval fee is $25; no personal checks.

• !

  Sitting the salesperson 110, or treating 70% as 81 of 115

  The broker exam is 115 questions / 120 points, and the cut is 84 of 120. Some items are worth two points.

• !

  Expecting New York or Pennsylvania reciprocity to swallow Agency/Ethics and Office Management

  There is no reciprocity. Out-of-state brokers still take the two 30-hour courses and submit a certified license history.

• !

  Mailing a photocopy of the terminated salesperson license, or skipping IdentoGO on upgrade

  Copies are not accepted. Submit a new Universal Form. The $270 fee includes a $20 Guaranty Fund payment, not $10.

• !

  Opening a firm on the broker-salesperson hanging without the employing-broker filing

  Call ext. 50118 / 50442. An entity license is a separate $270.

No reciprocity with any state (Requirements page). Out-of-state brokers continuously licensed for 3 years still take the two 30-hour courses and attach a certified license history. Disabled-veteran waivers are available. The fees page lists a $25 education or experience waiver fee.

New Jersey vs neighboring states

Hours are the pre-license total printed in each guide; states that count credits or named courses show “See guide.” Published state fees add the application, exam, initial-license, and fingerprint amounts the guide can cite — tuition is not included.

How much experience?

Per the Requirements page, you must be continually licensed and employed full-time as a New Jersey real estate salesperson for the three years immediately preceding application. File the Experience Report with $25; no personal checks.

Does salesperson 75 count as the 150?

No. You take the 90-hour general course FIRST, then two 30-hour courses (Agency/Ethics and Office Management). All three go on one School Certificate, and the order is mandatory.

Is the cut still 77 of 110?

No. The broker exam is 115 questions carrying 120 points, 70% = 84 correct, in 4 hours. Some items are worth two points. It is also a single exam. Do not take the salesperson 110-question exam.

Can I book PSI before experience approval?

No. According to the bulletin, failing to get NJREC approval first forfeits your examination fees. Wait for the Certificate of Examination Eligibility.

I am a New York / Pennsylvania broker. Reciprocity?

No. Out-of-state brokers continuously licensed for 3 years still take the two 30-hour courses and attach a certified license history. The license history may address the 90-hour requirement; confirm with the Education section, and do not skip the two 30-hour courses.

Broker-salesperson vs employing broker?

A broker-salesperson works under another broker, pays the $270 fee, and needs the prior salesperson license terminated. A sole proprietor or broker of record files with the Bureau at ext. 50118 or 50442. An entity license is a separate $270.

What CE do brokers take?

The same 12-hour term requirement as salespersons, including 2 ethics + 1 Fair Housing/NJLAD + 1 agency. Completing broker prelicensure courses can satisfy CE for the term in which you completed them.