Requirements to Obtain a Salesperson License:

• • • Be at least 18 years old

• • • Be a U.S. Citizen or permanent resident alien

• • • Provide proof of high school diploma or equivalent

• • • Complete 75 hours of education at a licensed school by the New Jersey Real Estate Commission

• • • Pass the State and National exams

• • • Apply for license through a sponsoring real estate broker

Requirements to Obtain a Broker License:

• • • Provide proof of high school diploma or equivalency

• • • Complete 150 hours of Broker prelicense education

• • • • • Applicants must complete a 90-hour general real estate course
        • Applicants must then complete two 30-hour courses on Agency/Ethics and Office Management and related topics

• • • Applicants must be continually licensed as a real estate salesperson for the 3 years preceding the application

• • • After submitting education certificates and a completed Experience Report for Broker Application form, the state will review. Once approved, the applicant will be mailed a Certificate of Examination Eligibility, which may be used to take the Broker Examination

• • • Must be completed within one year of successful completion of Broker prelicense education

• • • Licensees must take 12 hours of education. All Continuing Education is due by April 30th of the renewing year. At least 6 of the 12 credits must be obtained in Core Topics courses, with a mandatory two credit hours on Ethics [See N.J.A.C. 11:5-12.4]

• • • Core Topics:

• • • • • Agency
        • Disclosure
        • Legal Issues (i.e. listing agreements, contracts, leases, attorney review)
        • Ethics – mandatory 2 credit hours
        • Fair Housing and New Jersey Law Against Discrimination
        • State and Federal Environmental Laws/Regulations Pertaining to Real Estate
        • Legal Requirements regarding Escrow Monies and Financial Recordkeeping
        • Real Estate Licensee Safety
        • Real Estate Financial Literacy and Planning

• • • Elective Topics:

• • • • • Commercial Real Estate
        • Property Management
        • Seasonal Rentals
        • Real Estate Sales Full Disclosure Act and Real Estate Timeshare Act
        • Financing
        • Land Use
        • Real Estate Valuation
        • Foreclosure and Short-Sale Transactions
        • Specific Aspects of Residential Real Estate Transactions

• • • All 12 credit hours for the current timeframe must be completed by April 30th. Any late submissions for Continuing Education will result in a $200 late CE fee.

• • • Once education is completed, allow 10 business days before contacting the Commission to see if education has been reported.

For any Salesperson Licensing questions, please contact PSI:

• • • Website: https://candidate.psiexams.com/catalog/fti_agency_license_details.jsp?fromwhere=findtest&testid=1663

• • • Phone: 800-733-9267

• • • Email: examschedule@psionline.com