Quick Answer: How long does the New Jersey real estate exam take?

How difficult is the NJ real estate exam?

The NJ State Real Estate Salesperson Exam Is Challenging

The passing score for the state exam is 70% (77 correct answers out of the 110 questions). The state-wide first-attempt pass rate is less than 50%. The exam is challenging for students for several reasons. First, it covers a very broad range of topics.

How many times can you take the NJ real estate salesperson exam?

You are allowed three attempts to pass both the national and state law portions of the exam. If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam.

How many questions can you get wrong on NJ real estate exam?

The salesperson exam consists of 110 questions. To pass, you must answer correctly at least 77 questions, which represent 70% correct. The broker exam consists of 120 question. To pass, you must answer correctly at least 84 questions, which represent 70% correct.

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Can you take NJ real estate exam online?

Individuals interested in a real estate license will now have the flexibility to take the test online or in person at a designated testing site. … The New Jersey Real Estate Commission (REC), a division of the New Jersey Department of Banking and Insurance, administers and enforces New Jersey’s real estate licensing law.

How many people pass the NJ real estate exam?

I feel like such a failure!

The fact is, at best, only about 63% of salesperson license students pass the New Jersey real estate exam on the first try. When we look out at our pre-licensing class of 20 students, that means—statistically—that at least seven of them will not pass the exam on the first try.

Is the real estate exam hard?

Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.

What state has the hardest real estate exam?

Hardest States to get a Real Estate License

Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.

How much does a part time real estate agent make in NJ?

While ZipRecruiter is seeing salaries as high as $105,972 and as low as $16,707, the majority of Part Time Real Estate Agent salaries currently range between $28,641 (25th percentile) to $76,376 (75th percentile) with top earners (90th percentile) making $95,470 annually in New Jersey.

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How much does a realtor make in NJ?

The average salary for a real estate agent in New Jersey is around $51,400 per year.

What happens if you fail NJ real estate exam?

You only have to retake the portion(s) of the test that you failed. So if you pass the national portion and fail the state portion, you only have to retake the state portion. The information you receive after the exam will also include the number of questions in each content area that you answered correctly.

How much does it cost to take the NJ real estate exam?

In order to get your New Jersey real estate license, you will have to pay an exam fee of $45, a fingerprinting fee of $66.05, and a salesperson fee of $160.

What is the salary for real estate agents?

The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.