How Much Does a New Jersey Real Estate License Cost?

A career in real estate has unlimited earning potential. It allows you to build a successful business that helps you achieve your professional and personal goals. Getting started takes five steps, which you can read more about in our other post here. But how much does a New Jersey real estate license cost in the first place? We’ll guide you through the cost of your initial investment, from the pre-license course to the exam and application fees.

New Jersey Real Estate Education

The New Jersey Real Estate Commission (NJREC) requires you to complete a 75-hour pre-license education course. This course covers essential topics like real estate principles, license law, contracts, appraisals, financing, and more to prepare you for a successful career. License Classroom conveniently offers all 75 hours of the New Jersey pre-license course online and includes exam prep for the final license exam. You can work on the course at your own pace, from anywhere with an internet connection.

In addition, NJREC requires the course to be followed by a third-party proctored exam. We’ve partnered with PSI to offer this to you at an affordable cost of $25 per attempt.

Educational Course Cost: $350

Proctored Exam: $25 per attempt

Exam Prep

Some prospective agents find the New Jersey Real Estate License Exam challenging, and it’s common to take multiple attempts to pass. That’s why we designed our Exam Prep Program to equip you with the knowledge and tools for success on your first attempt. It includes real-time feedback, unlimited practice exams, and our money-back satisfaction guarantee so you can take the exam with confidence. The exam prep is included in our 75-hour New Jersey pre-license course package.

Exam Prep Cost: $0 (with purchase of the 75-hour pre-license package)

Exam Fees

You must pass the license exam with PSI within one year of passing your pre-license course final exam. The New Jersey Real Estate License Exam consists of 110 questions, divided into a national and state portion. You’re allowed an unlimited number of retakes at $38 per attempt. You must pass both the national and state portions with at least 70% to proceed.

Exam Cost: $38

Application Fees

NJREC requires a fingerprint-based background check for your license application. You’ll need to schedule this with IdentoGO for a $66.05 processing fee. Once that process is complete, your sponsoring broker can submit your application to NJREC on your behalf. A $160 application fee is due along with your supporting application documents.

Fingerprinting Fee: $66.05

Application Cost: $160

To apply for a New Jersey real estate license, you must have a sponsoring broker. Brokerage fees and available resources vary, so interview different brokers to find the best fit.

How Much Does a New Jersey Real Estate License Cost?

REALTOR® Association Dues

While not required, consider joining a local REALTOR® association for additional benefits like networking, industry recognition, and professional development. When you join a local association, you are automatically enrolled in the National Association of REALTORS® (NAR) and the New Jersey REALTORS® (NJR) group. Expect to pay an initial application fee and a prorated annual fee based on when you join. Ask your brokerage which local association they’re a member of to learn more about the fees and application process.