New Jersey Real Estate Exam Overview

Welcome to OpenExamPrep's FREE New Jersey Real Estate exam prep guide. This comprehensive resource covers New Jersey-specific regulations, licensing requirements, and state real estate laws you need to know to pass your exam.

About the New Jersey Real Estate Exam

The New Jersey real estate salesperson examination is administered by PSI on behalf of the New Jersey Real Estate Commission (NJREC), a division of the Department of Banking and Insurance. The exam tests your knowledge of:

• National real estate principles and practices
• New Jersey real estate license law
• NJREC rules and regulations
• Agency relationships in New Jersey
• Contract law and property disclosures
• Fair housing and ethics

Exam Structure

Important: New Jersey uses a combined score approach - you need 70% overall (77 out of 110), not separate passing scores for national and state portions.

New Jersey Real Estate Commission (NJREC)

The New Jersey Real Estate Commission operates under the Department of Banking and Insurance. NJREC is responsible for:

• Licensing real estate salespersons and brokers
• Approving pre-license and continuing education schools
• Investigating complaints and disciplinary matters
• Enforcing the New Jersey Real Estate License Law
• Protecting consumers in real estate transactions

NJREC Contact Information

Pre-Licensing Education Requirements

Course Content

The 75-hour pre-license curriculum covers:

• Real estate principles and practices
• New Jersey license law
• Agency relationships
• Contracts and property transfers
• Real estate finance
• Property valuation
• Ethics and fair housing

License Application Process

Step-by-Step Process

1. Meet Basic Requirements

   • Be at least 18 years of age
   • Have a high school diploma or equivalent
   • Be of good moral character

2. Complete Pre-License Education

   • Finish 75 hours from NJREC-licensed school
   • Obtain course completion certificate
   • Valid for 1 year to take exam

3. Schedule and Pass State Exam

   • Register with PSI
   • Pay exam fee ($45)
   • Pass with 70% (77/110)

4. Complete Fingerprinting

   • Schedule through IdentoGO
   • Pay processing fee ($66.05)
   • Results sent to NJREC

5. Submit License Application

   • Apply to NJREC
   • Pay application fee ($160)
   • Include all required documentation

6. Find a Sponsoring Broker

   • Must affiliate with licensed NJ broker
   • Broker supervises your activities

Unique New Jersey Requirements

Fingerprinting Process

New Jersey requires fingerprint-based background checks through IdentoGO:

One-Year Exam Window

After completing pre-license education, you have one year to pass the licensing exam:

• Course completion starts the clock
• Multiple attempts allowed within the year
• After one year, must retake education

Combined Scoring

Unlike many states with separate passing requirements:

• New Jersey uses a combined score
• 70% overall (77 out of 110 questions)
• No separate national/state passing requirements

License Fees Summary

Broker License Requirements

To upgrade to a broker license, additional requirements include:

Continuing Education (CE) Requirements

What This Guide Covers

This FREE study guide focuses on New Jersey state-specific content:

Chapter 1: NJREC & Licensing

• New Jersey Real Estate Commission structure
• License law and regulations
• Application and examination process

Chapter 2: New Jersey Agency Law

• Agency relationships in New Jersey
• Disclosure requirements
• Duties to clients and customers

Chapter 3: New Jersey Contracts & Disclosures

• Purchase agreements
• Property disclosure requirements
• Lead paint and other disclosures

Chapter 4: New Jersey Property Law & Regulations

• Property rights in New Jersey
• Environmental regulations
• Zoning and land use

Note: This guide covers ONLY New Jersey state law. Complete the national real estate portion first for foundational knowledge.

New Jersey Market Considerations

Unique Market Factors

New Jersey's real estate market has distinctive characteristics:

1. High Population Density

   • Third most densely populated state
   • High property values in many areas
   • Limited land availability

2. Property Taxes

   • Highest in nation
   • Major factor in transactions
   • Tax appeal processes common

3. Commuter Markets

   • NYC commuter demand in northern NJ
   • Philadelphia commuter market in southern NJ
   • Transit-oriented development

4. Shore Properties

   • Jersey Shore real estate market
   • Seasonal considerations
   • Flood zone requirements

Environmental Considerations

• Industrial Site Remediation Act (ISRA)
• Wetlands regulations
• Flood zone requirements
• Radon testing

Exam Day Tips

What to Bring

• Two forms of ID (primary must be government-issued photo ID)
• PSI confirmation number
• Arrive 30 minutes early

Exam Strategy

• 4 hours for 110+ questions
• About 2 minutes per question
• Remember: 77 correct answers needed
• Don't spend too long on any question

Key Focus Areas

• New Jersey license law
• Agency disclosure requirements
• Contract provisions
• Fair housing

Next Steps

Ready to begin? Here's your action plan:

1. Complete this FREE study guide - Read all chapters
2. Take chapter quizzes - Test your knowledge
3. Review NJ regulations - Study state-specific content
4. Practice with full exams - Aim for consistent 80%+ scores
5. Complete 75 hours education - From licensed school
6. Complete fingerprinting - Through IdentoGO
7. Schedule and pass exam - Within 1 year of education
8. Apply for license - Pay $160 fee
9. Find sponsoring broker - For activation

Let's get started with Chapter 1: NJREC & Licensing!