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Real Estate Broker
Total cost: $1120
Some details on this page are not yet confirmed against an official source. See sources below or contact the licensing board to verify.
150 hrs
Pre-License Hours
3 yrs
Experience Required
Yes
Exam Required
12 hrs
CE Hours
$1120
Total Fees
Permitted
Dual Agency
Broker Pre-License Education
Mostly verifiedPre-License Hours
150 hours
College Degree Required
No
Approved Providers
New Jersey-approved real estate schools, colleges, and online providers
Additional Broker Courses
Additional broker-specific courses in management, supervision, and advanced real estate topics required beyond salesperson education
Course Topics
Real estate broker education requirements include pre-license coursework covering topics such as real estate law, brokerage management, contracts, finance, and ethics. Some states require a college degree in addition to pre-license hours, while others accept equivalent experience.
Browse Real Estate Broker study materials on Amazon →(affiliate link)
Start with the salesperson license
Broker licensing in New Jersey typically requires completing your salesperson (real estate agent) license first and practicing for 3 years before you can sit for the broker exam. The pre-licensing courses below are the recommended starting point on the path to a broker license.
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Agent Experience & Transaction History
Mostly verifiedAgent Experience Required
Prior real estate sales agent experience
3 yrs
Min Years as Agent
Most states require a period of active experience as a licensed real estate sales agent before qualifying for a broker license. Some states use a points-based system or require a minimum number of closed transactions as an alternative or additional requirement.
State Broker Exam
Mostly verifiedState Broker Exam Required
Real estate broker licensing examination
Multiple-choice; national and state-specific portions
Format
PSI
Provider
70% (84 correct out of 120 points)
Passing Score
$45
Exam Fee
Exam Sections
The real estate broker exam typically includes both a national portion covering general real estate principles and a state-specific portion covering local laws and regulations. Exams are usually administered by third-party providers such as PSI or Pearson VUE at authorized testing centers.
Overall licensing difficulty: 11/100
Study recommendation: 1–2 weeks of focused review is usually sufficient
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Broker Exam Prep Books
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Difficulty rating based on education, exam, and experience requirements. Individual experience may vary.
Real Estate Broker Exam
Passing Score
70% (84 correct out of 120 points)
Format
Multiple-choice; national and state-specific portions
Administered By
PSI
Key Topics Covered
Cost of failing
Retake fee: $45Invest in preparation to pass the first time.
How long should you study? Most candidates study 2–4 weeks before taking the Real Estate Broker Exam.
Study guides for the real estate broker licensing exam.
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Broker Practice Capabilities
VerifiedYes
Independent Practice
Yes
Supervise Agents
Yes
Operate Brokerage
Yes
Property Management
Yes
Escrow Handling
Yes
Dual Agency
Yes
Designated Agency
Restricted Activities
Real estate brokers have a broader scope of practice than sales agents, including the ability to operate their own brokerage, supervise agents, and handle escrow funds. Dual agency (representing both buyer and seller) and designated agency rules vary significantly by state.
| Fee | Amount |
|---|---|
Application Fee VERIFY against NJREC current fee schedule. Per StateRequirement directly: $270 is the COMBINED application+license fee, NOT separate. GLM's $180 application + $270 license = $450 appears to be double-counting. Kept at $180 pending human verification. | $180 |
Exam Fee Paid to PSI. Updated from $38 on 2026-04-30 per PrepAgent (2026), Agent Real Estate Schools, and StateRequirement. | $45 |
License Fee Per StateRequirement: $270 is the combined application+license fee. NJ does not appear to charge a distinct application fee separate from this $270. Pending reconciliation with application_fee field. | $270 |
E&O Insurance Errors and omissions insurance; varies by provider | $200 |
MLS Fees MLS membership varies by local association | $500 |
Renewal Fee | $150 |
Total Initial Fees Includes application, exam, license, E&O insurance, and MLS fees | $1120 |
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Renewal & CE Requirements
Mostly verified2 years
Renewal Period
12 hrs
CE Hours Required
—
Post-License Education
Required CE Topics
Renewal Fee
$150
Regulatory Board
Broker licenses must be renewed on schedule with the state real estate commission. Continuing education typically covers topics such as ethics, fair housing, agency law, and state-specific legal updates. Some states also require post-license education within the first renewal period.
Out-of-State Reciprocity
VerifiedDoes Not Accept Out-of-State Credentials
Endorsement Available
No
ARELLO Certification
Accepted
Reciprocal States
Reciprocity Requirements
Real estate broker reciprocity agreements allow brokers licensed in one state to obtain a license in another state with reduced requirements. ARELLO (Association of Real Estate License Law Officials) certification may be accepted in some states. Requirements typically include passing the state-specific portion of the broker exam.
Moving to another state? Use our Transfer Tool to see what you need →
Compare New Jersey with other states →
See how requirements, costs, and timelines differ across all 50 states.
New Jersey requires 150 hours of broker pre-license education (90-hr general + 30-hr Agency/Ethics + 30-hr Office Management) and 3 years of CONTINUOUS full-time NJ salesperson licensure immediately preceding application — one of the more demanding combinations. NJ has NO reciprocity with any state; education waivers offered with a small number of states only. Disabled US Veterans (NJ citizens) may obtain fee and experience waivers. $25 Certificate of Examination Eligibility required to schedule broker exam. $66.05 fingerprint-based background check.
New Jersey requires 150 hours of broker pre-license education (90-hour general + 30-hr Agency/Ethics + 30-hr Office Management). 12 months from start date to complete all 150 hours.
Experience: 3 years CONTINUOUSLY licensed AND employed full-time as NJ salesperson immediately preceding application.
12 CE hours required per 2-year renewal cycle.
No reciprocity with any state per NJREC. Education waivers may be available with a small number of states only.
Disabled US Veterans (NJ citizens) may obtain fee waivers AND 3-year experience requirement waivers.
$25 Certificate of Examination Eligibility required to schedule broker exam (separate from license fee).
$66.05 mandatory state-mandated fingerprint background check via PSI.
Online Licensing Services Portal at NJ DOBI used for all applications.
Application must be submitted within 30 business days of receiving Notice of Examination Eligibility per NJREC.
Dual agency is permitted with proper disclosure in New Jersey.
Real Estate Broker Schools in New Jersey
Compare approved training programs, costs, and requirements.
New Jersey requires 150 hours of pre-license education and 3 years of agent experience for broker licensure. A state broker exam is required. All licensing is managed through the New Jersey Real Estate Commission.
Requirements vary by state. Always verify current requirements with your state real estate commission.