|Do you accept walk-ins?
Licensing applications are processed on a "first-in/first-out"
basis. Therefore, the Licensing Bureau will accept, but cannot immediately
review or service walk-in applications. Persons who wish to drop off an
application may do so at the reception desk on the 8th floor of the Commission's
office at 20 West State Street, Trenton, NJ. If there is an error or a question
about the application, you will be notified within ten (10) business days. APPLICANTS SHOULD NOT CALL THE COMMISSION DURING THIS TIME. 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.
Applications related to broker licenses (sole proprietors, business entities
and brokers of record) are generally processed within two (2) weeks.
How soon after passing the real estate exam must I apply
for the issuance of my initial license?
All applicants must apply for the issuance of their
initial license WITHIN ONE YEAR FROM THE DATE OF COMPLETING THE REAL
ESTATE PRELICENSURE COURSE.
What is the procedure for transferring my license to another
The reverse side of your current license must be completed
in its entirety and submitted to the Real Estate Commission with a $25.00
fee. (Instructions are listed on the reverse side of the license.)
Note: If your license was returned to the Commission by your former broker,
contact the Commission at (609) 292-7272 for appropriate form.
How do I establish my own real estate company?
If you wish to apply for a corporate broker's license,
sole proprietorship, partnership, or limited liability company, contact
the Commission at (609) 292-7272 for appropriate forms and instructions.
How do I obtain a license certification or license history?
Submit a written request to the New Jersey Real Estate
Commission, P.O. Box 328, Trenton, New Jersey 08625-0328. Your request must
be accompanied by $25.00 for a current certification of license status,
or $50.00 for a license history (Personal checks are not acceptable. Payment
must be by certified check, cashier's check, or a money order, made payable
to the Treasurer, State of New Jersey.)
I recently relocated my office. What does the Commission
A Change Of Address form must be completed. All licenses
must be returned accompanied by an appropriate fee. To request a form, call
(609) 292-7272. Note: For a change of residence address, please submit
a letter indicating new residence address, home telephone number, and license
How do I change my name on my license?
Complete Section #1 on the reverse side of the current
license and submit legal proof of name change and a $25.00 fee to the Real
Estate Commission. (No personal checks accepted.) Subsequently, a license
will be reissued to your broker reflecting the new information.
What should I do if my license has been lost?
Have your employing broker submit a written or faxed
request for a duplicate license to the Commission. Fax number (609) 292-6765.
There is no charge for this request.
How can a New Jersey salesperson become a New Jersey broker?
Requirements for becoming a broker in New Jersey are
- You must be a licensed salesperson in New Jersey and
have worked as such on a full-time basis under the direction of a broker
for the 3 full years immediately preceding application. You are required
to take 150 hours of broker prelicensure education. The 90 hour broker general
course must be completed first. Thereafter, the 30 hour Agency/Ethics course
and the 30 hour Office Management/Related Topics course may be taken in
- Upon successful completion of the courses, the applicant
must submit a fully executed school certificate, Experience Activity Report(s)
completed by the broker(s) the applicant has worked for during the last
3 years, and a $25.00 processing fee (No personal checks accepted) to the
Commission for approval. If approved, a Certificate of Examination Eligibility
will be issued which will allow the applicant to make a reservation to challenge
the broker examination. Applicants must pass the examination and make application
for a license within one year of completing the second 30 hour course.
Can an employing broker withhold my license if I request
that he release it to me in order to transfer to another broker?
No. The licensee's current broker MUST deliver
the license, properly inscribed for termination, to the licensee. The
broker must also send the Notice of Termination section to the Commission
within five business days, and send a copy of it to the licensee's residence
address. N.J.A.C. 11:5-3.11(b).
How long can my real estate license be inactive?
N.J.S.A. 45:15-9 provides that Real Estate licenses can be inactive
for 2 years after the expiration date of the last license issued. To reinstate
your license, your application must be completed by a currently licensed Real
Estate Employing Broker.
What are the qualifications for a New Jersey Real Estate
First, you must have worked under the direction and guidance of a currently
licensed Employing Broker, on a full-time basis, at least 3 full years immediately
preceeding your application.
Secondly, you must have successfully completed 90 hours of Broker's pre-licensure
courses and two 30 hour courses on office management and ethics/agency. These
two 30 hour courses must be at an licensed New Jersey Real Estate School.
And, thirdly, you must pass the New Jersey examination.
If you applied for a Broker license, please allow the Real Estate Commission
30 business days to process the paperwork. Questions regarding your application
cannot be answered during this processing period.
What are the qualifications for a Real Estate Salespersons
To qualify for a Real Estate Salespersons license you must be at least
18 years old, have a high school education or equivalency, complete a 75 hour
pre-licensure course at a licensed school and pass the New Jersey examination.
After passing the examination, you must apply for a license through a sponsoring
Employing Broker within 1 year from the expiration of the school certificate
or you must again complete all requirements.
What is the license period?
Effective July 1, 1997, all real estate licenses are issued on the basis
of a 2-year license term. Renewal notices are sent to the employing broker's
office. If you need to receive a duplicate renewal notice, notify the Real
Estate Commission in writing. Your request should be addressed to: Mary
Vargas, New Jersey Real Estate Commission, P.O. Box 474, Trenton, NJ 08625-0474.
Are there any waivers of the education requirements?
If you are a Broker or Salesperson in another state, a disabled veteran,
an attorney, have taken college courses in Real Estate, or have a degree in
real estate, you may qualify for an education waiver. To obtain either a Broker
or Salespersons education waiver package, send a written request, along with
a stamped self-addressed envelope, to Waiver Section, New Jersey Real Estate
Commission, P.O. Box 328, Trenton, NJ 08625-0328.
How can I find a licensed school?
The list of licensed school is available here.
What are the New Jersey licensure requirements applicable
to mortgage brokers?
Persons and firms engaged in the business of brokering residential mortgage loans for compensation must be licensed by the
Department of Banking and Insurance. The New Jersey Licensed Lenders Act,
NJSA 17:11C-1 et seq., requires the licensure and regulation of mortgage bankers,
correspondent mortgage bankers, and mortgage brokers relating to the solicitation,
brokering and origination of residential first mortgage loans on New Jersey
property. Similarly, licensure is required for the origination of secondary
or subsequent mortgage loans on residential property to consumers. The law
defines a first mortgage loan to be any loan secured by a first mortgage on
real property containing a one to six family dwelling, a portion of which
may be used for a non-residential purpose. Similarly, a second mortgage loan
is defined as such a loan on real property which is subject to one or more
prior mortgages. Licensing and regulation under this statute are administered
by the New Jersey Department of Banking and Insurance, Division of Banking.
An individual licensed as a New Jersey real estate broker, broker-salesperson
or salesperson is not, by virtue of being licensed, authorized to engage in
the residential mortgage brokerage business. For more information on the licensure
requirements applicable to residential mortgage brokers, please contact the
Licensing Services Section within the New Jersey Division of Banking at (609)
Persons and firms who broker loans secured by mortgages
on commercial real estate for compensation must be licensed as New
Jersey real estate brokers. Individuals licensed as a real estate broker-salesperson
or salesperson may engage in such activity, but only if it is done under the
authority of and through the brokerage firm with which they are licensed.
Like all other real estate brokerage activity, a broker-salesperson's or salesperson's
compensation for such activity must be paid by the broker through whom they
are licensed, rather than by a party to the commercial mortgage transaction.
For more information on the requirements of licensure
as a New Jersey real estate broker, broker-salesperson or salesperson, see
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How can I obtain a copy of the New Jersey real estate statutes
Submit a written request to the New Jersey Real Estate
Commission, P.O. Box 328, Trenton, New Jersey 08625-0328, Attention: Education
Section. The cost of the statutes and rules is $10.00. (Certified check, cashier's
check or money order only.)
I had my buyer sign the Consumer Information Statement and
we checked off the box that says I'm acting as a buyer broker. Is this enough?
NO. The CIS is not a buyer agency contract. Just as
a listing agreement creates the relationship of a seller's agent, there must
be an agreement which creates the relationship of a buyer's agent. That agreement
should be in writing and should contain necessary terms such as a description
of the services to be provided, the duration of the relationship, the amount
and method of compensation, etc.
If I have been arrested or convicted of a criminal offense,
will it affect my license?
Yes, it may. You must notify the Commission of any arrest,
indictment or conviction within 30 days. A failure to do so will subject you
to penalties. N.J.S.A. 45:15-17(s). The notification should be made
in writing. Whether or not any additional action is taken will depend on the
type of crime at issue. For example, N.J.S.A. 45:15-19.1 requires that the Commission revoke a license when a licensee has been convicted
of certain offenses, including theft and related offenses. N.J.S.A. 45:15-19.2
allows the Commission the discretion to suspend a license if a licensee is
indicted for certain types of crimes, including theft and related offenses.
Licensees should review these laws for further guidance on this issue.
Can licensees use a contest or drawing to promote the sale
NO. N.J.S.A. 45:15-17(g) prohibits licensees
from using any plan, scheme, or method for the sale or promotion of the sale
of real estate which involves a lottery, a contest, a game, a prize, a drawing
or the offering of a lot or parcel of lots or parcels for advertising purposes.
Can a bonus be paid directly to the selling agent?
Pursuant to N.J.S.A. 45:15-16, any compensation
paid to a salesperson must be paid through their employing broker. Therefore
any bonus offered by a seller or listing firm to selling salespersons with
cooperating firms must be paid to the selling salesperson's broker. The disposition
of the bonus will then be governed by the terms of the employment agreement
between that salesperson and broker.
How can I obtain information on becoming a New Jersey licensee
and a copy of the License Law and Commission Rules?
For information on becoming a New Jersey licensee send
a legal size, stamped, self-addressed envelope with the initials Q/L in the
lower left hand corner to the address indicated below.
To obtain a copy of the Statute and Rules send a written
request for a copy of the "Regs" along with a check in the amount of $10.00
made payable to the "Treasurer, State of New Jersey." No personal checks accepted.
Acceptable forms of payment are: money order, cashier's check, certified check
or broker business account check.
Mail the request to:
New Jersey Real Estate Commission
Trenton, New Jersey 08625-0328.
Note: Be sure to include your name and address.
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