How do I pass the NJ real estate exam?

How hard is it to pass the NJ real estate exam?

Despite what you may have heard, the NJ Real Estate Exam is more intimidating than difficult–in fact, it has a pass rate of approximately 70%, which means only 3 out of 10 people who take it will fail.

How many people pass the NJ real estate exam on the first try?

The fact is, at best, only about 63% of salesperson license students pass the New Jersey real estate exam on the first try.

What score do I need to pass the NJ real estate exam?

A score of at least 70% (77 correct out of 110) is required to pass.

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Can you take real estate exam online NJ?

Individuals interested in a real estate license will now have the flexibility to take the test online or in person at a designated testing site.

How many times can you take the NJ real estate exam?

New Jersey does not specify a limit on salesperson license exam retakes. Any retakes must be taken with your one-year eligibility window.

How many math questions are on the NJ real estate exam?

The National portion of the State exam includes 13 questions on ‘real estate calculations’.

How many times can I fail the NJ real estate exam?

New Jersey does not specify a limit on salesperson license exam retakes. Any retakes must be taken with your one-year eligibility window.

What state has the hardest real estate exam?

Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted. In contrast, most other states require less than 100 education hours, with the majority falling with the 40-hour requirement.

What happens if I fail the NJ real estate exam?

If you do fail the state exam, wait 24 hours and schedule another one. It only costs you $35. Then use the time before that next exam to study in the way I’ve suggested above. And remember: when you pass your real estate exam, no broker will know whether you passed with a 70.1% or a 100% score (neither will you!).

How many questions is the NJ real estate exam?

The salesperson exam consists of 110 questions. To pass, you must answer correctly at least 77 questions, which represent 70% correct. The broker exam consists of 120 question. To pass, you must answer correctly at least 84 questions, which represent 70% correct.

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How much does a realtor make in NJ?

The average salary for a realtor is $101,272 per year in New Jersey.

How long is the real estate exam NJ?

The time limit allowed to complete the total New Jersey Real Estate salesperson exam is 4 hours. The state specific part of the New Jersey Real Estate Salesperson Exam is comprised of 30 questions and an examinee must answer 21 questions correct to pass (70% correct).

How many times can you take the PSI real estate exam in NJ?

Can I Retake the Real Estate License Exam in NJ? The answer is yes. You can retake the entire exam as many times as needed within 12 months.

How much does it cost to take the NJ real estate exam?

Once you’ve completed your 75-hour pre-licensing course and passed the school test, you’ve met the state licensing requirements, and you’re ready to schedule the real estate licensing exam. To do that, you’ll have to sign up with the test administrator, PSI, and pay an exam fee of $45.

How long does it take to become a real estate agent in NJ?

To qualify for a broker’s license an applicant must have a high school education or equivalency and must successfully complete 150 hours of prelicensure education. Applicants must first complete a 90-hour general real estate course, and then two 30-hour courses on Agency/Ethics and Office Management and related topics.