Real Estate Broker Licensing Course
A broker license candidate must first successfully complete courses of study in real estate consisting of a minimum of 150 hours. The 150 hours is divided into three separate courses: a 90 hour general real estate broker course, a 30 hour course on brokers’ ethics and agency law and relationships, and a second 30 hour course on office management and related topics. All three courses of instruction must be completed within a period of two years.
90 hour Broker Basic: This course covers, in depth, New Jersey real estate law and rules and regulations. Also covered are agency, ethics, contracts, appraisal, federal law, fair housing, title, taxes, deeds, ownership methods, mortgage financing, and many other related subjects.
30 Hour Broker Agency/Ethics: This course strives to strengthen the candidate’s knowledge of agency law, dual agency and its inherent conflicts, the difference between law and ethics, and other related material.
30 Hour Broker Management: Among the subjects covered in this course are: How do you open a new company or branch office, importance of trust account, recruiting, maintaining agents, sales meetings, office systems and procedures, understanding attorney review, and much more.
Classes are Mondays and Wednesdays, 9:00 a.m. to 5:00 p.m.
The experience requirement for licensure as a broker requires the applicant to demonstrate a commitment to real estate brokerage as their primary vocation, as evidenced by their involvement in the real estate brokerage business on a full-time basis. Applicants must have been continually licensed and employed as a real estate salesperson during the three years immediately preceding their application. To demonstrate full-time employment, the applicant must show that they have worked as a salesperson under the authority of a broker for at least 40 hours per week during the hours of approximately 10:00 A.M. to 8:00 P.M. during any five days of each week. If the applicant was employed in any other occupation during the three year period, such other employment must not have exceeded 25 hours per week. If you need to verify your license status, you should do so before enrolling in the broker course.
Applicants must have been continually licensed and employed on a full-time basis as a New Jersey real estate salesperson for the three years immediately preceding their application. Here is the link to the License History Request Form.
After completion of all three courses, applicants must submit to the Education Qualification Section of the NJ Real Estate Commission, their completed school certificate and a completed Experience Report, verified and signed by their Broker.
Full tuition, which includes the textbooks, can be paid either by check, money order, or PayPal/Credit Card (Online Only), no later than one week prior to the starting date of the course, but with advanced notice, tuition may be accepted on the first day of class. Refunds will be honored upon written request prior to the starting date of the course. There will be no exceptions to this refund policy! Students who must withdraw from the program already in progress due to circumstances beyond their control may request a refund upon written request. Upon approval, the amount of the tuition refund, minus a $100.00 Registration Fee, will be prorated based on the remaining hours of the course. The student, however, must retake the entire pre-licensure course before receiving the School Certificate.