Is there difference between a salesperson and managing broker license?

The salesperson license requirements are:
● Be 18 years or older
● Have a high school diploma or its equivalent
● Take 75-hour pre-license education
● Pass state licensing exam
● Be hired by a managing broker
● Submit fingerprints for a background check

Your Managing Broker will submit your license application after you have been hired. You must provide your broker with your Applicant ID number. This ID number is found on your testing scorecard that proves you successfully passed the state exam.

Yes. Actually, your Managing Broker will go to the Online Licensing Services portal for your license application.

The initial license application fee is $160. Personal checks are not accepted.

You will need to have ready: ● PSI state exam passing score report, both completed and signed by the employing broker ● Completed Sagem-Morpho Universal Form and receipt (provided when fingerprinting is done) ● Proof of high school education ● Any additional documentation as indicated by screening questions

You only have one year from the date you pass the pre-license course to file the application. Work with your Managing Broker as soon as you are hired to submit the application, so you can be certified as a New Jersey real estate salesperson as soon as possible.

No. In New Jersey, it’s your Managing Broker that submits your license application. If you’re not hired, you can’t receive a license.

An active license enables you to help clients with all of their real estate purchase, sale, and leasing needs and earn a commission for your work. An inactive license means you have met the requirements to hold a NJ license, but you are not currently authorized to work as a real estate salesperson and earn a commission

You can request an inactive New Jersey real estate license by writing a formal letter of resignation to your current managing broker. Your broker will then go to the New Jersey Real Estate Online Licensing Services and inactivate your license.

You earn an active New Jersey real estate salesperson license by meeting all of the right criteria. This includes passing the state licensing exam and working under the supervision of a managing broker. A managing broker must always supervise you if you hold a salesperson license.

When you like your license to return to active status, you can have your license electronically updated by your managing broker through the Rec Brokers Portal. If you have transferred brokers, a $25 transfer fee is made payable by check or company credit card. You can also submit a paper transfer application.

A salesperson license enables you to assist clients with the purchase, sale, and Lease of commercial and residential real estate. Your work has to be supervised by a managing broker. A broker license enables you to open up a real estate brokerage, hire employees, and manage a real estate business.

The best way to check your license status is to go to the real estate commission's online licensing portal and use the Real Estate Licensee Search.

To print a copy of your New Jersey salesperson license, first log in to Online Licensing Services (OLS). The main menu has a link about generating your license. You'll need to click on “email my individual license.” It will now show you how to view, save, print, or email your license.