Students must attend 80% of the 75 hours in order to sit for the school exam.
Make up class options are available for up to 1 year and test retakes are an option. (See School Policies and Procedures).
Students must successfully pass the school exam with a 70% score or higher in order to be eligible to take the state exam.
Q:What is the process for taking the state exam?
Students who have passed the school exam, will be able to register online for the state exam through the PSI website, once the school has submitted their name to PSI. Students will pick a date and location to sit for the state exam. Students must score a 70% or higher in order to pass the state exam. Students may retake the state exam if needed, and may come back to the school to sit in on other available classes for a fee.
Q:What do I do after I pass the state test?
Students must complete a fingerprinting process through IdentoGO. They should begin interviewing with Real Estate Brokerages.
Q:How do I go about working for a Real Estate Brokerage?
Individuals who have passed the exam must work under a licensed New Jersey Broker in order to sell or list real estate in New Jersey. They may interview to work at any real estate company licensed in the State of New Jersey.
Q: What is the difference between a Salesperson and a Broker in the Real Estate industry?
If you are looking for a career in the Real Estate business, you need to start as a licensed Real Estate salesperson, often referred to as a real estate agent or sales associate. Every salesperson in the State of NJ must work under a licensed Real Estate Broker of Record. It is not necessary to become a Broker to practice real estate in NJ. Salespeople who wish to become a Broker must successfully complete the following additional requirements:
Have been continually licensed and employed on a full-time basis as a NJ real estate salesperson for 3 years immediately preceding an application.
