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Old 05-05-2008, 06:46 AM
 
323 posts, read 1,429,773 times
Reputation: 151

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Hey all,

I've been thinking of getting my realtor's license in the state of NJ.
I'm very familiar with the home buying/selling process, as I've been investing in Real Estate for some time.

I feel that having a license will give me an upper hand, perticularly with banks etc.

Are all of the Real Estate schools the same, any particular school more accredited than the other?

Also, what does it take to become a broker?

I've also cross posted this in the Real Estate forum.

Any advice/input is greatly appreciated.

Thanks all
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Old 05-05-2008, 07:52 AM
 
210 posts, read 443,103 times
Reputation: 48
Info for New Jersey Real Estate Licenses can be found at NJDOBI - NJ Real Estate Commission
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Old 05-05-2008, 07:53 AM
 
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Check the little 25-cent vending machines at most diners- I think you can usually get RE licenses in those......
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Old 05-05-2008, 12:42 PM
 
48 posts, read 140,768 times
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Weichert has a RE school that holds classes in various locations. You can find out where and when on their website. I went there, it was about $300 (5 years ago) and I passed the state test first time I took it. It is not easy to pass as many seem to think however, if you study everyday and retain the info - most are laws and math you should do OK.
To become a Broker, you need to practice Real Estate full time for 3 years, then attend a 3 week course (a regular RE license is 2 week course) and then pass the state Broker exam.
As an investor, not sure how it will benefit you with the banks but you will save on commission. You will however be held to a higher standard legally and ethically when you buy and sell.
Good luck!
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Old 05-05-2008, 01:12 PM
 
Location: Northern NJ
3,305 posts, read 3,138,238 times
Reputation: 3486
Quote:
Originally Posted by amyd83 View Post
Weichert has a RE school that holds classes in various locations. You can find out where and when on their website. I went there, it was about $300 (5 years ago) and I passed the state test first time I took it. It is not easy to pass as many seem to think however, if you study everyday and retain the info - most are laws and math you should do OK.
To become a Broker, you need to practice Real Estate full time for 3 years, then attend a 3 week course (a regular RE license is 2 week course) and then pass the state Broker exam.
As an investor, not sure how it will benefit you with the banks but you will save on commission. You will however be held to a higher standard legally and ethically when you buy and sell.
Good luck!
Agree that banks could care less if you're a Realtor. But it will save you a part of the commission. On the other hand you'll be required to carry E&O insurance, pay Realtor dues, pay MLS charges, etc. so it's definitely not a free ride. If you're active it will be worth it however.

-Marc
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Old 05-05-2008, 07:59 PM
 
323 posts, read 1,429,773 times
Reputation: 151
Thanks all for the input!

Definetely not looking for a free ride as I know good realtors have to work hard.
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Old 02-08-2012, 10:41 AM
 
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www.proschool.com.... Real Estate school located in Millburn, NJ. Many of my friends have taken classes there and have enjoyed it!
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