Quick Answer: How many times can you retake the NJ real estate exam?

How many times can you retake the real estate exam in NJ?

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 long do you have to wait to retake NJ real estate exam?

IF you only passed one section, then you have to retake the sections that you failed. However, you only have six months to pass the section that you once failed. If you do not pass within six months, then you will be required to retake both examinations.

What is the pass rate for the NJ real estate exam?

The passing rate for the New Jersey Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!

THIS IS INTERESTING:  How much is a garage worth when selling a house?

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.

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 many questions can you get wrong on the 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.

How many people fail 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.

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.

THIS IS INTERESTING:  Are REITs good for dividends?

Is there a lot of math on the real estate exam?

How Much Math Is on the Real Estate Exam? No matter what state you are wanting to get a real estate license in, you can expect to see math questions on the exam. While the number of math questions on the exam varies from state-to-state, the total number of math-related questions is somewhere between 10-15%.

Is the NJ real estate exam multiple choice?

All questions are multiple choice format with four answer choices provided for each question. Test takers are allotted 4 hours to complete each test. A score of at least 70% (77 correct out of 110) is required to pass.

How long does it take to get a real estate license in NJ?

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.