What are the requirements to take the NJ state real estate exam?

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.

What do you need to pass 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 hard is it to pass 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!

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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.

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.

Is the NJ real estate exam open book?

The New Jersey Real Estate Salesperson exams are taken by computer. The exam is closed book. You are permitted to bring a simple functioning calculator since 10% of the exam questions might involve math. The exam is scored immediately after finishing the exam.

How many times can you retake NJ real estate 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.

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.

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.

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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.

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.

How hard is the real estate appraisal exam?

The exam is not easy. According to The Appraisal Foundation exam statistics for 2017, 1 in 3 people fail the Licensed Residential exam and 1 in 4 people fail the Certified Residential exam on the first try.