New Jersey Real Estate Courses

Exam Prep Toolkit: Real Estate

     The Exam Prep Toolkit: Real Estate gives you a variety of tools to help you understand and retain the knowledge needed to prepare you for national information on your real estate exam. 

  • Real Estate Flashcards: Delivered electronically, covering hundreds of terms and definitions you will encounter on your real estate exam. 
  • Real Estate Recorded Review: Powerful recorded webinars covering all topics on the national portion of the licensing exam.  
  • Real Estate Test-Taking Tips: Recorded webinar covering test-taking tips, strategies for preparing for the national portion of the state licensing exam and how to utilize the test content outlines.

$99.00 BUNDLE

National Real Estate Prep xL - PSI

      Prep xL by OnCourse Learning is a sophisticated exam prep tool that leverages adaptive learning technology to tailor study materials to meet your individual needs. Its personalized learning paths provide the optimal study experience to prepare you for the national information on your upcoming real estate license exam. This product should be used only after completion of the state pre-licensing course requirement.
 

Prep xL features: 

  • Customized study plan including daily goals that adapt based on activity throughout the system.
  • Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.
  • Full-length, timed exams that simulate an actual testing environment.
  • Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE – SELF PACED

Commercial Leases

      Leases can be a huge source of commission for agents looking to pursue commercial real estate. This course offers the need-to-know information for the 3 major types of commercial leases: office, retail and industrial. Highlights include: major negotiation points, how to determine rent based on formulas, and technical concerns exclusive to industrial leases.


$49.00 ONLINE – SELF PACED

Commercial Sales and Exchanges

      Fully understand all the facets of commercial sales and tax deferred exchanges in commercial real estate. This elective course takes a deep dive into the particulars of the commercial contract, procedures for closing, and essential documentation for commercial sales. Additionally, this course contains insight into the requisites for and advantages of tax deferred exchanges


$49.00 ONLINE – SELF PACED

Ethics and New Jersey Fair Housing

      This course covers the Code of Ethics and Standards of Practices established by the National Association of Realtors (NAR). The Articles of the Code are supplemented with a definition of terms, examples of ethical and unethical practices, scenarios, and decision making exercises. This course provides a refresher of federal fair housing laws, as well as the New Jersey Law Against Discrimination. 

      The course provides 2 hours of ethics and 4 hours of fair housing and the New Jersey Law Against Discrimination.


$49.00 ONLINE – SELF PACED

Green Home Features

      What makes a green home green? Students will gain insight into different features included in green design. Highlights include water and energy efficiency, appliances, methods of controlling heat loss, how to conserve energy in a home, lighting, and renewable energy.


$29.00 ONLINE – SELF PACED

New Jersey Agency and License Law

      The course covers topics such as agency law, including what terms define an agency relationship, the characteristics of three types of agency relationships, and both the provisions of the Real Estate Licensing and Registration Act (RELRA) and how RELRA related to brokers/consumers relationships. Agency relationships are discussed in further detail, identifying the duties of licensees and how RELRA relates to disclosure of relationships with consumers. The methods by which agency can be created and terminated are explained, and the content addresses what actions by a licensee a consumer is liable for, and what actions by a consumer a licensee is liable for Fiduciary obligations of an agent to the principal and the third party, respectively, are identified, which is followed by a case study addressing how to avoid undisclosed dual agency. This concept is followed by a description of New Jersey Real Estate Commission license law explaining details brokers must include on their licenses, what they must disclose, and the provisions they must follow to legally operate a real estate business. 

      The course concludes with provisions of the New Jersey Real Estate Commission rules regarding escrow accounts, and the definition of ethics in real estate, which includes a handout of the Code of Ethics of the National Association of Realtors®. 

      The course also features a case-based scenario, interactive exercises, handouts, and exercises designed to give a practical knowledge of New Jersey agency and license law for real estate professionals.


$49.00 ONLINE – SELF PACED

New Jersey License Renewal Package 1

Complete the continuing education requirement for New Jersey with this package.
 

It consists of 2 courses: 

  • Ethics and New Jersey Fair Housing
  • Commercial Sales and Exchanges

$99.00 BUNDLE

New Jersey License Renewal Package 2

This package satisfies the real estate CE renewal requirement for New Jersey.
 

It contains 2 courses: 

  • Ethics and New Jersey Fair Housing
  • Tax Advantages of Home Ownership

$99.00 BUNDLE

Prequalifying Your Buyer in Today's Market

      This course provides an overview of real estate financing, and describes the different types of loans and loan programs as well as lending sources. Students will learn how to calculate debt ratios and use loan factors to complete mathematical calculations related to mortgage loans. Students will also estimate closing costs for different types of loans. The instruction is followed with a scenario for which the student will do the prequalifying computations and complete a loan comparison worksheet for the buyers in the scenario.


$29.00 ONLINE – SELF PACED

Short Sales and Foreclosures

      This course is an overview of short sale transactions, alternatives to short sales, how short sales affect buyers, lenders and sellers, the Home Affordable Modification Program (both HAMP Tier 1 and 2 are included) and the Home Affordable Foreclosure Alternative (HAFA II/Short Sale). Highlights include defining what a licensee's role is in a short sale and how to put together the packet needed in a short sale for a lender. Additional topics include how the MARS Rule affects real estate licensees who are working with a client on a short sale, tenant rights in relation to a short sale and also the kinds of lender fraud that licensees should be on the lookout for during the process of a short sale.


$29.00 ONLINE – SELF PACED

Tax Advantages of Home Ownership

      What types of tax benefits are unique to homeowners? This course gives the student insight into different kinds of homeowner benefits and also teaches how to calculate taxes that can affect the purchase of a home. This is an elective real estate continuing education course.


$49.00 ONLINE – SELF PACED

Tax Free Exchanges

      Learn all about tax free exchanges. This course is an excellent introduction to the implications of tax free exchanges for investment properties in residential real estate. Learn what is required to qualify for a tax free exchange, what different kinds of exchanges are available and also various ways that the title can be transferred for the purpose of an exchange.


$29.00 ONLINE - SELF PACED

Technology Trends in Real Estate

      The technology landscape changes quickly, and this rapid change can have significant consequences for the real estate professional. To perform at their best, real estate professionals need to stay ahead of these trends. This course helps to bring focus to the technological innovations that are most relevant to real estate practice. The course will discuss trends in software, social media, and internet security. Videos are presented throughout the course to help explain and illustrate key topics.


$29.00 ONLINE - SELF PACED

New Jersey Appraisal Courses

Basic Appraisal Principles

      Gain a foundation in appraisal principles. This course is an introduction to topics including legal considerations, what influences the value of real estate, real property concepts and characteristics, principles of economics, types of value and real estate markets and analysis, ethical considerations and highest and best use. This 30 hour course fulfills the Real Property Appraiser Qualification Criteria for the levels of Trainee up to Licensed Appraiser.


$349.00 ONLINE – SELF PACED

Basic Appraisal Procedures

      Want thorough insight into the process of valuation? Then this course is for you! During this 30-hour curriculum, students will learn the three approaches used by appraisers to reach the opinion of value (income capitalization, sales comparison and cost) and how to derive multipliers and rates. Also included is a guide through the sales comparison approach, which is comprised of checking the validity of information, organizing a comparative analysis, making adjustments, selecting comparison units, and conducting market research and reconciliation. Students will enjoy the hands-on completion of crucial sections of an appraisal report as well as gain insight into property description, design basics and construction. This course fulfills 30 hours of Real Property Appraisal Qualification Criteria for the levels of Trainee to Licensed Appraiser. It is advised to complete the Basic Appraisal Principles and Procedures Courses before taking this course.


$349.00 ONLINE – SELF PACED

Residential Appraiser Site Valuation & Cost Approach

      Gain confidence in your appraisal valuation skills! A more in-depth dive into appraisal valuation concepts and cost approach applications, this course meets 15 hours for the Trainee level up to the Licensed Appraiser level of Real Property Appraiser Qualification Criteria. Develop a stronger understanding of the process of the cost approach as this covers step-by-step the appraisal value process while applying this method. Highlights include interview methods and tips, market extraction, and data sources from professional services. Please note that Basic Appraisal Principles and Basic Appraisal Procedures are both prerequisites for this course.


$199.00 ONLINE – SELF PACED

Residential Market Analysis and Highest and Best Use

       Make solid decisions in the valuation process. Understand the interdependence within the application of market analysis and highest and best use. Meeting 15 hours of Real Property Appraiser Qualification Criteria for appraisal Trainees up to Licensed Appraisers, this course highlights the association between cost, income capitalization and sales comparison (the three valuation concepts), highest and best use reasoning and analysis of the market. Basic Appraisal Principles and Basic Appraisal Procedures are both prerequisites for this course.


$199.00 ONLINE – SELF PACED

Residential Report Writing and Case Studies

      Get a crash course in appraisal report writing! Students will enjoy this hands-on constructive course focused on learning how to create effective, well-formed reports for appraisals. Both content and exercises focus on appraisal writing techniques, gaining a real understanding of and ability to apply residential valuation procedures and grammar guidelines. Specific residential case studies are used as examples to help students gain a realistic view. Examples help students grasp narrative comment writing on form appraisal reports and also how to explain the process and reasoning behind the valuation conclusions to those who use the reports. 15 hours of Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level upon completion of this course. Students need to have taken Basic Principles and Basic Appraisal Procedures to be able to sign up.


$199.00 ONLINE – SELF PACED

Residential Sales Comparison and Income Approaches

      Round out your foundational understanding of appraisal valuation approaches. Focusing on the two types of valuation concepts other than cost approach, this course fulfills 30 hours of Real Property Appraiser Qualification Criteria for appraisers from the Trainee level to the Licensed Appraiser level. Learn the process for both as well as how to gather and analyze needed information. Highlights include: the use of appraisal comparison grids, tips on locating needed information and a comparison with pros and cons of both the residential sales comparison and the income approach. Prerequisites: Basic Appraisal Principles and Procedures Courses.


$349.00 ONLINE – SELF PACED

Upgrade to Licensed Level Package

      Ready to move from Trainee level to a Licensed Residential Appraiser? This package is designed just for you. It contains the required education to help you get to that next step in your career. This 75-hour package includes: Residential Appraiser Site Valuation and Cost Approach, Residential Sales Comparison and Income Approach, Residential Market Analysis and Highest and Best Use, and Residential Report Writing and Case Studies.


$795.00 BUNDLE

A URAR Form Review

      This course is a detailed walkthrough showing how to complete the Uniform Residential Appraisal Report (URAR). Students will learn each step of the process as the course guides them through the sections and necessary fields of the form. At completion of this appraisal CE course, students should have a full understanding of how to complete the URAR reports in compliance with USPAP.


$89.00 ONLINE – SELF PACED

Appraisal Math and Statistics

      A true understanding of appraisal math is essential for success as a real estate appraiser. This course offers students insight into key mathematical functions including the mathematics of finance, and calculating area and statistics involved in appraisal.


$99.00 ONLINE – SELF PACED

Cost Approach Overview

      This introductory course is a hands-on learning exercise explaining cost approach valuation and the methods included in calculating it. Students will learn ways to estimate depreciation and cost. The course includes various examples to ensure proper understanding and retention.


$99.00 ONLINE – SELF PACED

Income Capitalization Overview

      This hands-on course, complete with exercises to better students' understanding and retention, gives the student an overview of how the income approach to valuation works. Lessons include estimating income and expenses as well as estimating capitalization rates. This course covers both yield capitalization and direct capitalization.


$99.00 ONLINE – SELF PACED

New Jersey 2-Hour Appraisal Law and Regulations Course

      New Jersey 2-Hour Appraisal Law and Regulations Course provides a helpful review of the rules that apply to the real estate appraiser profession. Topics covered include state laws and regulations, the New Jersey Real Estate Appraiser Board, licensing requirements, the complaint process, and key exam and licensee statistics. The course meets New Jersey's requirement that all licensed and certified real estate appraisers complete a 2-hour course on state law and rules governing the practice of real estate appraising.


$19.00 ONLINE – SELF PACED

Residential Appraiser Site Valuation & Cost Approach

      Strengthen your foundation and build your appraisal skills. This is a foundation course for appraisers on vacant land parcels, their valuation, how the cost approach method is used, and the fundamental concepts involved. Grow your abilities as a real estate appraiser by learning interview techniques, how to use market extraction to establish a cost estimate, and how to utilize data offered by professional cost data sources. Gain an understanding of the many cost approach applications by going from the beginning appraisal assignment all the way to the final value estimate of a property. Please note that you must complete Basic Appraisal Principles and Procedures Courses before enrolling in this course.


$189.00 ONLINE – SELF PACED

Residential Market Analysis and Highest and Best Use

      Dive into residential market analysis. Want a deeper understanding of how to read, map and analyze a market area by applying highest and best use practices? This course discusses in detail the three approaches regarding value in appraisal including sales comparison, cost and income capitalization. Students will gain insight into how to understand the connection between highest and best use analysis, market analysis, and the three approaches to valuation in real estate appraisal. This appraisal continuing education course has a prerequisite: completion of the Basic Appraisal Principles and Procedures Courses.


$189.00 ONLINE – SELF PACED

Residential Report Writing and Case Studies

      This is an excellent crash-course on the numerous writing exercises that you will need to know in order to be successful as an appraiser. Want to produce professional, thorough appraisal reports? Then this course is for you! It covers residential valuation procedures, numerous writing techniques, and a review of grammar and writing assignments focused around a residential case study. As a hands-on course, students will better retain information as they complete the included exercises such as the compiling of competent and practical narrative comments to be included in form appraisal reports as well as how to interpret valuation procedures and conclusions for people who use the reports. Please be advised that this course does have a prerequisite: the completion of Basic Appraisal Principles and Procedures Courses.


$189.00 ONLINE – SELF PACED

Sales Comparison Approach

      How does the property you are appraising stand up to recently sold properties in the same area? This course walks the student through the sales comparison approach to real estate appraisal. Learn the procedures recommended in the collection of data, as well as which way adjustments can be estimated. This course is hands-on as it includes multiple examples to help the student apply and retain the information.


$99.00 ONLINE – SELF PACED

New Jersey Real Estate Career

License Process for New Jersey

New Jersey Real Estate License Requirements 

Learn about the real estate education needs for licensing and renewal in your state. 


Licensing Board/Commission: 

State of New Jersey Department of Banking and Insurance - NJ Real Estate Commission 


Requirements: 

Education hours required for a real estate salesperson license in the state of New Jersey: 75 hours 


Education hours required for a real estate broker license in the state of New Jersey: 150 hours 


Reciprocity: 

Real estate commissions and boards across the country are adopting policies for a real estate agents in one state to more easily become licensed in another state. New Jersey does not have reciprocity with any other state. 


Continuing Education (CE) and License Renewal Requirements: 

Real estate professionals in New Jersey must renew their licenses by June 30 of odd-numbered years. Licensees need to complete real estate CE courses by April 30 or licensees will incur a $200 fine. The required amount of continuing education is 12 hours of classes, 6 of which are electives and 6 are core coursework. Acceptable core topics include: agency, disclosure, legal Issues, ethics, fair housing and rules and regulations.

New Jersey Appraisal Career

License Process for new Jersey

New Jersey Real Estate Appraisal Licensing Requirements 

Learn about the appraisal education needs for licensing and renewal in New Jersey. 


The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the New Jersey Board of Real Estate Appraisers. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred. 


Licensure Levels 

• Trainee Appraiser 

• Licensed Residential Real Property Appraiser 

• Certified Residential Real Property Appraiser 

• Certified General Real Property Appraiser

 

Licensure Requirements to Become an Appraiser 

• Must be at least 18 years of age 

• Must have a high school diploma or its equivalent 

• Must meet the educational requirement for the applying level of appraiser licensure 

• Must meet the experience requirement for the applying level of appraiser licensure 

• For Certified Residential level, one of the following is required: 

      a. Bachelor degree in ANY field 

      b. Associate's Degree in Business  Administration, Accounting, Finance,            Economics, or Real Estate 

      c. Completion of 30 hours of (1) relevant coursework, or (2) College Level           Examination Program (CLEP) exams (3) or some mix of both 

• For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required. An alternative to the education requirement is also available: 5 years of experience, 5 years without any disciplinary action and completion of specific additional education 

• Satisfactory completion of the state examination (Trainee Appraisers are not required to take a state exam) 

• Submit application, required documents, and associated fees 


Appraiser School Education Requirements 

• 75 hours for the Trainee Appraiser which consist of the following appraiser courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours) 

• 150 hours for the Licensed Residential Real Property Appraiser which include the same hour requirement as the Trainee Appraiser level AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours) 

• 200 Hours for the Certified Residential Real Property Appraiser which consist of the same 150 hours of Licensed Residential Real Property Appraiser education AND: Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours) 

• 300 hours for the Certified General Real Property Appraiser which includes the same 200 hours for the Certified Residential Real Property Appraiser education AND: Income Property Appraisal (60 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours) 


Experience Requirements for Becoming an Appraiser 

• Trainee Appraiser – No experience required 

• Licensed Residential Real Property Appraiser – 1000 hours in 6 months 

• Certified Residential Real Property Appraiser – 1500 hours in 12 months 

• Certified General Real Property Appraiser – 3000 hours in 18 months with at least 1500 hours of experience in nonresidential appraisals 


Continuing Education Requirements for Appraiser License Renewal 

• Appraisers must renew their license every two years from date of original license 

• During the two year renewal cycle, all appraisers must complete 28 hours of continuing education appraiser classes by December 31 odd years 

• 7 hours must cover the USPAP Update course or its equivalent 

• Trainee appraisers are required to complete 14 hours of continuing education by the time the renewal application is submitted to the Board for the third and fourth year that a trainee permit is held