New Jersey Real Estate Exam: Everything You Need to Know

Scheduling and passing the New Jersey real estate exam is the last step to getting your license. Learning what to do next can be stressful. But don’t worry! This article is your helpful guide to starting your new career.

In this article, we cover all you need to know about the New Jersey real estate exam. We will talk about scheduling and how to pass on your first try. We’ll cover:

• How to schedule the New Jersey real estate licensing exam
• How much it costs
• The documents you’ll need to register for the exam
• Where you can take it
• What is covered on the exam
• Whether or not the exam is hard
• Best study tips and exam prep recommendation

How to Schedule the New Jersey Real Estate Licensing Exam

To become a licensed real estate salesperson in New Jersey, you need to have passed your real estate pre-licensing courses. If you have already completed this, then congrats! You can schedule the exam.

To schedule your real estate exam, you must create an account on PSI Online and apply through your portal. Check that your pre-licensing education provider has sent your eligibility to PSI. This will only happen if you have finished the course requirements. Once done, you can visit the PSI website or call 855-579-4624 to schedule your exam.

Please note: After you pass the real estate exam in New Jersey, you need to find a brokerage to sponsor you. This means they will let you join their team.

Then, you must submit a livescan form to the NJ Real Estate Commission. Afterwards, they will run a background check and assess your moral character. Once you pass the assessment, we will send you your license.

Can You Take the Exam Online?

You can take the New Jersey real estate exam online. Use a computer with a user-friendly interface and live chat for help. This makes the experience easier. To take the exam online, you’ll need the following:

• Desktop/laptop
• Keyboard
• Mouse
• A stable internet connection
• A working webcam
• A microphone
• Google Chrome browser

You’ll be required to present two valid government-issued means of identification with your photograph and signature. Before taking the exam, check if your computer meets the system requirements. Visit the North Central Jersey School of Business website for more information.

However, there is also an option for candidates to take the exam in-person. New Jersey exam testing centers are located in:

• Brick
• Cherry Hill
• Hamilton Square Area
• Linwood
• New Brunswick
• New Providence
• North Brunswick
• Northfield Area
• Rochelle Park
• Secaucus

How Much Does the Exam Cost?

The New Jersey real estate salesperson exam fee is $45. PSI charges this amount to schedule your exam.

What to Bring on the Day of Your Exam

Please bring two forms of ID with matching names. They must provide a valid signature that has not expired. At least one ID should have your photo. Here are some examples:  

• Driver’s license  
• U.S. social security card  
• Green card  
• Debit card  
• Credit card with a signature

We recommend bringing a non scientific calculator. This will help you solve any math problems on the exam.

What Is on the New Jersey Real Estate Exam?

The New Jersey real estate exam includes both national and state-specific content. The following are topics that you can expect to see in the national section:

• Property rights and ownership
• Zoning and land use regulations
• Contracts
• Valuation and market analysis
• Fair housing
• Mortgages and financing
• General principles of agency
• Appraisals
• Property condition and disclosures
• Title Insurance
• Transfer of title
• Real estate calculations
• Property Taxes and Assessment
• The practice of real estate

The following are topics you can expect to see in the state-specific section of the exam:

• Duties and Powers of the Real Estate Commission
• Licensing Requirements
• Statutes and Rules Governing Licensee Activities
• Additional Requirements

Will There Be Math on the Exam?

Prepare yourself for some math-related questions on your real estate exam. However, someone often updates the questions. This makes it hard to know exactly how many math problems you will get.

Whenever you encounter a math question that you find challenging, the best course of action is to move on to other questions first. After finishing the other questions, you can return to solve the questions you skipped if you still have time.

Is the New Jersey Real Estate Exam Hard?

Many people who took the New Jersey real estate exam found it extremely tough. This is common for any professional licensure exam. To pass the exam, you need to score at least 70%. If you work hard and prepare well, you give yourself a good chance to pass the exam on your first try.

How Many Questions Are on the New Jersey Real Estate Exam?

The New Jersey salesperson exam has 110 questions. Each candidate gets 240 minutes, or 4 hours, to finish the exam.

There may be five to ten experimental questions on the exam. We will not grade these questions. You will not know which questions are experimental.

To pass the exam, you must score 70%, which means you need to answer 77 questions correctly out of the 110 you receive.

How to Pass the New Jersey Real Estate Exam

Becoming a licensed real estate professional in New Jersey is tough. It requires a lot of work.

There is also a financial burden. The process can take an emotional toll as well. Here are some tips for incorporating into your daily study routine to help boost your chances of passing this exam on your first attempt:

Create a Study Schedule

Making a study schedule can help you pass your real estate licensing exam. It can help you achieve the following:

Organization

Creating a study schedule can help you organize your study materials. This makes them easier to understand and remember.

Time management

Creating a study schedule can help you use your time wisely. This way, you can cover all the material before the exam.

Prioritization

A study schedule can help you spend more time on the hardest topics. This depends on the exam's structure and the importance of each topic.

Revision

By making time for regular revision sessions in your study plan, you can strengthen your learning. This also helps you find areas that need more focus.

Confidence

You may increase your confidence and lessen your exam anxiety by setting up a study program and following it.

Use Acronyms and Mnemonic Devices

When studying for a real estate exam, acronyms and mnemonics can be helpful study aids. Here are some tips for using them effectively:

Identify key terms

The first step is to identify the key terms and ideas you need to memorize for the exam.

After you have determined the key terms, create an acronym using the first letter of each term. You can use the acronym "CARP" to remember the steps in a real estate deal.

"CARP" stands for:

• Contract
• Agreement
• Recording
• Payment

Employ a mnemonic device

Mnemonics are tricks for remembering things by associating them with something else. For example, you can use the abbreviation "TIC" for Tenancy in Common. You can also remember "Tic-tac-toe, three in a row" to help you recall different types of ownership.

Practice

To improve your memory, you should periodically practice using acronyms and mnemonics.

Join a Study Group

Study groups are a great way to learn from others and build accountability. Here are some tips to help you make the most of your study group experience:

Find a group of people who are studying for the same exam and have similar interests to you. You can do this by asking your colleagues, friends, family, or neighbors.

To make sure everyone knows what to expect, clearly state your goals. Share them with the group. Ask everyone else to do the same.

Set up regular meeting times for your study group and resolve to work as a team.

Use the study group as a forum for debate, questions, insights, and intellectual challenges to deepen your understanding.

Get Guided Help

One of the best and simplest ways to prepare for your real estate licensing exam is to receive assistance from a real estate school. Our exam prep comes with practice exam questions, vocabulary flashcards, an ebook study guide and more.

One tip we give our students is to pass the practice exams at least 5 times. If you score 80% or higher a few days before the test, you are ready to take the exam.

Our exam prep provides questions like those on the New Jersey real estate exam. This includes the same format. Using our program will make you feel familiar, comfortable, and, most of all, confident when taking the exam.

You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.

Final Thoughts on the Real Estate Exam in New Jersey

The exam will be challenging. The amount of preparation you do will decide how easy it is for you. If you take studying seriously, you can pass and become a real estate agent.

Beyond simply studying, you want to ensure that you’re studying smart and maximizing study time as well. If you follow our advice above, you will improve your chances of passing the exam on your first attempt.

If you want to make studying for the exam easy, then check out our real estate crash course and exam prep program. You access to videos that breakdown complex concepts into easy-to-understand lessons. You can put what you learn to the test with our exam prep package. Joining gets you unlimited, customizable practice exams. You can make an exam – like the real one – or focus on a specific area.

To learn more, click the button below.