Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

New Jersey State Real Estate Licensing and CE Requirements

New Jersey Real Estate Commission

20 West State Street
Trenton, NJ 08608
Phone: 609.292.7053
Fax: 609.292.0944
Email: realestate@dobi.nj.gov
Website: www.state.nj.us/dobi/division_rec/index.htm

Real Estate Salesperson Prelicensing Requirements

A. Be at least 18 years of age
B. Be a U.S. Citizen or permanent resident alien
C. Provide proof of a high school diploma or equivalent certification
D. Complete 75 hours of education at a licensed school by the New Jersey Real Estate Commission
E. Pass the state and national exam
F. Apply for a license through a sponsoring real estate broker

Real Estate Broker Prelicensing Requirements

A. Provide proof of high school diploma or equivalent certification
B. Complete 150 hours of prelicensure education

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

C. Applicants must be continually licensed as a real estate salesperson for the three years preceding the application
D. After submitting education certificates and a completed experience report for a 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
E. Must be completed within one year of successful completion of their broker prelicense education

Real Estate Salesperson and Broker Continuing Education Requirements

A. Licensees must take 12 hours of education. All CE is due by April 30th of the renewal year. 6 hours of electives, 3 hours CORE education, 2 hours Ethics, and 1 hour Fair Housing & NJ Law Against Discrimination.

a. Core Topics:

i. Agency
ii. Disclosure
iii. Legal Issues (i.e. listing agreements, contracts, leases, and attorney review)
iv. Ethics (two credits mandatory)
v. Fair Housing (1 Hour of Fair Housing is mandatory) and New Jersey Law Against Discrimination
vi. New Jersey Real Estate Broker and Salesperson Statutes and Regulations
vii. State and Federal Environmental Laws/Regulations Pertaining to Real Estate
viii. Legal Requirements regarding Escrow Monies and Financial Recordkeeping
ix. Real Estate Licensee Safety
x. Real Estate Financial Literacy and Planning

b. Elective Topics:

i. Commercial Real Estate
ii. Property Management
iii. Seasonal Rentals
iv. Real Estate Sales Full Disclosure Act and Real Estate Timeshare Act
v. Financing
vi. Land Use
vii. Real Estate Valuation
viii. Foreclosure and Short-Sale Transactions
ix. Specific Aspects of Residential Real Estate Transactions

B. All 12 credit hours for the current timeframe must be completed by April 30. Any late submissions for CE will result in a $200 late CE fee
C. Once education is completed, allow a 10 business day-wait before contacting the Commission to see if education has been reported

Real Estate Exam Provider Information in New Jersey

A. For any salesperson licensing questions, please direct the student to contact PSI via the following ways:

a. Website: https://candidate.psiexams.com/catalog/fti_agency_license_details.jsp?fromwhere=findtest&testid=1663
b. Phone: 800.733.9267
c. Email: examschedule@psionline.com