When is a real estate license required in New Jersey?

Holding a New Jersey salesperson license enables you to transact residential or commercial real estate on behalf of clients and be financially compensated for your work.

A real estate license is required any time you wish to be paid for assisting others with buying, selling, or leasing any real estate in New Jersey.

First, you need to submit a resignation letter to your current employer broker. They will go into Online License Services and deactivate your license. Next, your new managing broker must go into the system and request the transfer. There is a $25 transfer fee.