Is NJ real estate exam hard?
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!
What is the pass rate for the NJ real estate exam?
The fact is, at best, only about 63% of salesperson license students pass the New Jersey real estate exam on the first try. When we look out at our pre-licensing class of 20 students, that means—statistically—that at least seven of them will not pass the exam on the first try.
Is the real estate exam really 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.
Which 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.
Can you take the NJ real estate exam online?
NJ Real Estate Licensing Candidates can now take their State Examination remotely! Suppose you were thinking about getting your NJ Real Estate Broker License, or someone you know is seeking a career in real estate. Students can now take the course and exam online in a safe, secure, and convenient way.
How many times can you take the NJ real estate test?
You are allowed three attempts to pass both the national and state law portions of the exam. If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam.
What happens if I fail the NJ real estate exam?
New Jersey: If you fail the exam then you have to reschedule an appointment in 24 hours and pay the fee of $35. New Mexico: If you fail one section then you have to re-register in order to retake the exam and pay an additional $95 and pass the section within 90 days.
How long does it take to get a NJ real estate license?
Depending upon the volume of work pending at the time of the Commission’s receipt of it, the processing of a complete and correct application related to a salesperson or broker/salesperson license may take from two to four weeks.
Why is the real estate exam so hard?
These tests are demanding: You may see questions pertaining to the responsibilities of real estate professionals, certain national state and regulations, real estate finance, and real estate ethics, and you may even some moderately complex math problems. Simply put, this is a test that you need to study for.
Is the real estate test multiple choice?
The California real estate license exam is made up of 150 multiple-choice questions to be completed over three hours at an in-person testing center. To pass the exam, you need to score 70% or higher.
How many questions does the NJ real estate exam have?
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.
Is the New Jersey real estate exam multiple choice?
All questions are multiple choice format with four answer choices provided for each question. Test takers are allotted 4 hours to complete each test. A score of at least 70% (77 correct out of 110) is required to pass.