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Question:

Procedure For Opening Real Estate Company?

I Want to open a real estate company in New Jersey, so i want to know the step by step procedures for opening Real Estate Company in New Jersey. I also would like to know what you need to study to work in Real Estate Company. Is having a Degree in Business Administration is Ok to work in Real Estate Company.Appretiate All The AnswersThanks.

Answer:

You would need to get your Brokers license first.
if you want to sell, manage or lease real estate for others (other than yourself) you need to have a broker's license from NJ. You have to have a sales license with enough education credits and experience documented to apply to take the broker exam. Once licensed you need to comply with the NJ Real Estate licensure laws in establishing your office and broker of record status. If you only want to buy and sell real estate for yourself, you don't need a license. Getting licensed requires education credits approved by NJ Real Estate Commission and a college degree or courses taken in business administration is not enough to complete the requirements, although you may get some credit applied to the broker education requirement for a degree.

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