Real Estate Frequently Asked Questions

Licensing

What are the qualifications for a Real Estate Salespersons license?
To qualify for a Real Estate Salespersons license you must be at least 18 years old, have a high school education or equivalency, complete a 75 hour pre-licensure course at a licensed school and pass the New Jersey examination. After passing the examination, you must apply for a license through a sponsoring Employing Broker within 1 year from the expiration of the school certificate or you must again complete all requirements.
What are the qualifications for a New Jersey Real Estate Broker's license?
First, you must have worked under the direction and guidance of a currently licensed Employing Broker, on a full-time basis, at least 3 full years immediately preceeding your application. Secondly, you must have successfully completed 90 hours of Broker's pre-licensure courses and two 30 hour courses on office management and ethics/agency. These two 30 hour courses must be at an licensed New Jersey Real Estate School. And, thirdly, you must pass the New Jersey examination. If you applied for a Broker license, please allow the Real Estate Commission 30 business days to process the paperwork. Questions regarding your application cannot be answered during this processing period.
How soon after passing the real estate exam must I apply for the issuance of my initial license?
All applicants must apply for the issuance of their initial license WITHIN ONE YEAR FROM THE DATE OF COMPLETING THE REAL ESTATE PRELICENSURE COURSE.
What is the license period?
Effective July 1, 1997, all real estate licenses are issued on the basis of a 2-year license term. Renewal notices are sent to the employing broker's office. If you need to receive a duplicate renewal notice, notify the Real Estate Commission in writing. Your request should be addressed to: Mary Vargas, New Jersey Real Estate Commission, P.O. Box 328, Trenton, NJ 08625-0328.
Are there any waivers of the education requirements?
If you are a Broker or Salesperson in another state, a disabled veteran, an attorney, have taken college courses in Real Estate, or have a degree in real estate, you may qualify for an education waiver. To obtain either a Broker or Salespersons education waiver package, send a written request, along with a stamped self-addressed envelope, to Waiver Section, New Jersey Real Estate Commission, P.O. Box 328, Trenton, NJ 08625-0328.
How long can my real estate license be inactive?
N.J.S.A. 45:15-9 provides that Real Estate licenses can be inactive for 2 years after the expiration date of the last license issued. To reinstate your license, your application must be completed by a currently licensed Real Estate Employing Broker.
How can a New Jersey salesperson become a New Jersey broker?
Requirements for becoming a broker in New Jersey are as follows:
1. You must be a licensed salesperson in New Jersey and have worked as such on a full-time basis under the direction of a broker for the 3 full years immediately preceding application. You are required to take 150 hours of broker prelicensure education. The 90 hour broker general course must be completed first. Thereafter, the 30 hour Agency/Ethics course and the 30 hour Office Management/Related Topics course may be taken in any order.
2. Upon successful completion of the courses, the applicant must submit a fully executed school certificate, Experience Activity Report(s) completed by the broker(s) the applicant has worked for during the last 3 years, and a $25.00 processing fee (No personal checks accepted) to the Commission for approval. If approved, a Certificate of Examination Eligibility will be issued which will allow the applicant to make a reservation to challenge the broker examination. Applicants must pass the examination and make application for a license within one year of completing the second 30 hour course.
Do you accept walk-ins?
Licensing applications are processed on a "first-in/first-out" basis. Therefore, the Licensing Bureau will accept, but cannot immediately review or service walk-in applications. Persons who wish to drop off an application may do so at the reception desk on the 8th floor of the Commission's office at 20 West State Street, Trenton, NJ. If there is an error or a question about the application, you will be notified within ten (10) business days. APPLICANTS SHOULD NOT CALL THE COMMISSION DURING THIS TIME. Depending upon the volume of work pending at the time of the Commission's receipt of it, the processing of a complete and correct application related to a salesperson or broker/salesperson license may take from two to four weeks. Applications related to broker licenses (sole proprietors, business entities and brokers of record) are generally processed within two (2) weeks.
What is the procedure for transferring my license to another broker?
The reverse side of your current license must be completed in its entirety and submitted to the Real Estate Commission with a $25.00 fee. (Instructions are listed on the reverse side of the license.) Note: If your license was returned to the Commission by your former broker, contact the Commission at (609) 292-7053 for appropriate form.
How do I establish my own real estate company?
If you wish to apply for a corporate broker's license, sole proprietorship, partnership, or limited liability company, contact the Commission at (609) 292-7053 for appropriate forms and instructions.
How do I obtain a license certification or license history?
Submit a written request to the New Jersey Real Estate Commission, P.O. Box 328, Trenton, New Jersey 08625-0328. Your request must be accompanied by $25.00 for a current certification of license status, or $50.00 for a license history (Personal checks are not acceptable. Payment must be by certified check, cashier's check, or a money order, made payable to the Treasurer, State of New Jersey.)
I recently relocated my office. What does the Commission require?
A Change Of Address form must be completed. All licenses must be returned accompanied by an appropriate fee. To request a form, call (609) 292-7053. Note: For a change of residence address, please submit a letter indicating new residence address, home telephone number, and license reference number.
How do I change my name on my license?
Complete Section #1 on the reverse side of the current license and submit legal proof of name change and a $25.00 fee to the Real Estate Commission. (No personal checks accepted.) Subsequently, a license will be reissued to your broker reflecting the new information.
What should I do if my license has been lost?
Have your employing broker submit a written or faxed request for a duplicate license to the Commission. Fax number (609) 292-0944. There is no charge for this request.
Can an employing broker withhold my license if I request that he release it to me in order to transfer to another broker?
No. The licensee's current broker MUST deliver the license, properly inscribed for termination, to the licensee. The broker must also send the Notice of Termination section to the Commission within five business days, and send a copy of it to the licensee's residence address. N.J.A.C. 11:5-3.11(b).