What is the pass rate for the NJ real estate exam?
The passing rate for the New Jersey Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!
How many hours is the NJ real estate exam?
Applicants must first complete a 90-hour general real estate course followed by two 30-hour courses on Agency/Ethics and Office Management and related topics.
How difficult is the NJ real estate exam?
The NJ State Real Estate Salesperson Exam Is Challenging
The passing score for the state exam is 70% (77 correct answers out of the 110 questions). The state-wide first-attempt pass rate is less than 50%. The exam is challenging for students for several reasons. First, it covers a very broad range of topics.
Is real estate exam hard?
Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.
Is the NJ real estate exam multiple choice?
The test is multiple choice and you will perform MUCH better if you’ve been doing practice tests that mimic the real exam.
Is there a lot of math on the real estate exam?
How Much Math Is on the Real Estate Exam? No matter what state you are wanting to get a real estate license in, you can expect to see math questions on the exam. While the number of math questions on the exam varies from state-to-state, the total number of math-related questions is somewhere between 10-15%.
Can you take NJ real estate exam online?
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. … The New Jersey Real Estate Commission (REC), a division of the New Jersey Department of Banking and Insurance, administers and enforces New Jersey’s real estate licensing law.
What happens if I fail the NJ real estate exam?
The examination fee is $100 and the candidate can retake for failed section and they have one year to pass. … New Jersey: If you fail the exam then you have to reschedule an appointment in 24 hours and pay the fee of $35.
How much does a part time real estate agent make in NJ?
While ZipRecruiter is seeing salaries as high as $105,972 and as low as $16,707, the majority of Part Time Real Estate Agent salaries currently range between $28,641 (25th percentile) to $76,376 (75th percentile) with top earners (90th percentile) making $95,470 annually in New Jersey.
How much does a realtor make in NJ?
The average salary for a real estate agent in New Jersey is around $51,400 per year.
What is the salary for real estate agents?
The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.