If you live in New Jersey and are interested in a career in real estate this article is for you! The road to becoming an agent can be a little confusing and you might not know how to get started. I’ve created a guide to take you through the state requirements as well as a few tips I have picked up over my years as an agent, broker, and member of the New Jersey Multiple Listing System.
Prerequisites-The state of New Jersey requires that anyone taking the licensing exam be at least 18 years of age and have acquired a high school diploma or GED. Proof of education level is generally not required but may be asked for at any time during the process of registering for classes or exams.
Hours of study-After meeting the prerequisites outlined above, the first step in becoming a licensed real estate agent is to enroll in a pre-licensing exam course. In the State of New Jersey there is requirement of 75 hours of training before taking the exam. The course takes you through the different laws, terminology, financing, and general rules for being an agent. The course fee is approximately $500, but there are often special rates available online through discount sites such as Groupon and LivingSocial, which can bring the costs down significantly. There is also a variety of options available to complete the training, so if you’re worried about working study time into your schedule there is an option for you. The https://www.americanschoolnj.com/ has over 10 locations and offers seminars during nights and weekends. However, be aware that New Jersey requires you to study in a physical classroom for your pre-licensing course. Any additional continuing education in the field may be completed online.
Exams-After you have completed the course, you must pass an in-class exam in order to take the state licensing exam. There will be an in class review of all the material covered on the test to help you study. My biggest recommendation at this stage is to schedule your state and national exams right after passing the school exam. The longer you wait the more you will have to keep reviewing the material and trust me you will forget a lot if you wait to take the state exam. Whether there is a gap between your completion of the course and your exam day or not, be sure to take as many practice tests as possible in the meantime. The questions on the actual test are worded in ways that might trick you into putting the wrong answer, so read everything very carefully. Also, be sure to check with the testing center ahead of time for any rules or policies such as zero tolerance late policies or rules on what you are allowed to bring into the testing room.
Choosing the Right Company- It’s never to soon to start interviewing with brokers who will hire you to work for them. When you get ready to commit to a real estate company to work for, try to look for one that will further train you on the practical side of real estate. Keep in mind that the pre-licensing program only goes over the laws, vocabulary, and some disclosures paperwork and there are infinitely more things to remember when becoming an agent.
Office/company training- Concord Realty Group offers one on one mentorship training so that you can start making money right away. After all your school training you will be licensed to sell, but selling is a skill that requires training. We are not born salespeople! Selling involves some psychology, knowledge and confidence. You get confidence when you have the knowledge that your broker will be there to help and support you every step of the way.
Real estate is usually a person’s largest purchase and they don’t necessarily want to go through the process with a rookie! Come Aboard with Concord and we will get you through the initial sales with mentoring and leadership to start generating business.
For more tips on being a real estate agent checkout this great blog post by Bill Gassett