NJ Real Estate Licence

[Joe L.]

Hello - I've had my real estate license for a few years now, but the ongoing costs is not beneficial (at the current moment). I would like to park my license somewhere so I don't lose it. Can someone guide me / point me in resources on my options? Many thanks in advance!

[Orkeem Davis]

I would suggest not giving it up and place your license with a different brokerage.  In New Jersey, there are numerous brokerages to chose from, and I highly suggest you do a google search and look into 100% virtual real estate brokerages in New Jersey.  Most of these brokerages charge minimum fees to keep your license active while still maintaining your license. Otherwise, you will give another agent all of your future commissions and/or you will have to retake the salesperson exam to obtain your license again. There are more options, but this is sufficient to answer your question.  Best Success!