This Reference Manual contains the entire New Jersey Real Estate License Law, N.J.S.A. 45:15-1 et seq., as amended through P.L. 2019 Chapter 177 of the 2019 Second Annual Session of the New Jersey 218th Legislature, and all rules issued under the statute through the New Jersey Register, Vol. 49, No. 13, July 3, 2017. The text of the statute is an exact duplication of the official text of the law​​​, with minor changes and updates. The text of the rules is an exact duplication of the official text found in Title 11, Chapter 5 of the New Jersey Administrative Code​​​, with minor changes and updates. This reference manual is being furnished to real estate licensees by GeneralReferral.com. It is being provided so that licensees may have the benefit of a current publication of the New Jersey License Law and the Rules promulgated thereunder. The Real Estate Commission urges all brokers to make this manual part of their office library, conveniently available to all licensees. This reference manual project was originally authorized pursuant to N.J.S.A. 45:15-16.2 as an educational and informational project. This updated and accessible version of the manual is produced by the team at General Referral, a New Jersey real estate referral brokerage. The New Jersey Real Estate Commission was created in 1921 by an act of the Legislature, N.J.S.A. 45:15-1 et. seq., entitled "An Act to define, regulate and license real estate brokers and salesmen, to create a State Real Estate Commission and to provide penalties for the violation of the provisions hereof." Five members of the Commission must be real estate brokers, licensed for a period of at least ten years; two members are public members and one member is a representative of an appropriate department of state government. All members of the Commission serve for a term of three years except the government representative who serves at the pleasure of the Governor. DISCLAIMER The information provided in this document does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available in this document are for general informational purposes only. Information in this document may not constitute the most up-to-date legal or other information. This document contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. Readers of this document should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information in this document without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this document or any of the links or resources contained within the document do not create an attorney-client relationship between the reader, user, or browser and document authors, editors, contributors, contributing law firms, or committee members and their respective employers.

Both conprehensive an up to date, this text provides an easy to understand overview of New Jersey real estate and contains all the necessary materials to teach a top notch licensing class.Highlights include: * "Getting Started in Real Estate" Appendix in Chapter 1 provides practical information for a career in real estate. * Complete reprint of the "New Jersey License Act and the state commission rules and regulations.

This state-specific principles book provides over 800 practice questions as well as other tools to help students review and practice what they have learned. Other features include a matching key term review and a comprehensive math chapter.

Features of New Jersey Real Estate License Exam Prep (NJ-RELEP): National Principles & Law Key Point Review (45 pages) Real Estate Math Key Formula Review & Practice (20 pages) New Jersey-Specific Laws and Practices (35 pages) National Practice Tests (500 questions) New Jersey Practice Tests (100 questions) New Jersey Sample Exam (100 questions) We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for. That’s why we created New Jersey Real Estate License Exam Prep (NJ-RELEP) the way we did. Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work. NJ-RELEP is comprehensive in that it contains both key content review and testing practice. And the text review is New Jersey-specific – not just simplistic national content, but terse, relevant and accurate New Jersey laws and regulations presented as a well-organized set of state ‘key point reviews’ ideal for pre-test memorization. But let’s not dismiss the importance of the national content either. NJ-RELEP’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country. Finally, our national content, as well as our question selection, is further tailored to the state testing outline promulgated by PSI for New Jersey. Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of your state’s testing service and your New Jersey license exam. A word about the test questions… NJ-RELEP’s testing practice section consists of ten national practice tests, six state practice tests, and one state exam sample test. The national practice tests are roughly 50 questions in length and the sample test is 100 questions. The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your state exam. The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, you can check your answers against the answer key in the appendix. You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding. In the end, as you know, it’s all up to you. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your New Jersey real estate exam. So good luck!! For students looking for a New Jersey textbook to complement New Jersey Real Estate License Exam Prep, we have Principles of Real Estate Practice in New Jersey.