NJ Real Estate License Exam

Broker
Individual licenses to charge the public for real estate services.

Broker-salesperson
Fully qualified broker who remains under another broker’s supervision

Bureau of Subdivided Land sales Control
State agency that approves and registers some out-of-state property

Guaranty Fund
Reimburses persons defrauded or badly served by licensees in real estate transaction.

New Jersey Real Estate Commission
Administrator of Real Estate Licenses

Pocket Identification Card
Proof of Real Estate License

Real Estate Sales Full Disclosure Act
Regulations covering out-of-state properties sold in New Jersey

Realtor
Member of a specific trade organization

Realtor-Associate
Salesperson who joins a particular real estate trade group

Salesperson
One licensed to assist a broker in Real Estate transaction

Title 45, Chapter 15
Lae governing the practice of real estate in New Jersey

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