To get a New York real estate license, you must take the New York real estate exam and pass 70% or more. Applicants should schedule their exam in the New York Department of State Occupational License Management System, where they can also find other useful information about the exam. The first step is to complete a 75-hour pre-license course. You'll have the option to take your course online or in person, depending on your preferences.
New York licensed real estate brokers have been in the field for at least three years, have taken an additional 45 hours of real estate courses, and have passed the New York State broker exam. It takes 3 to 6 months to become a real estate agent in New York. The most time-consuming part of the process is the 75 hours of pre-license instruction that you will need to complete. Your license and pocket card may take a couple of weeks to arrive, but you can start working with customers and practicing offers from the day your license is approved.
Becoming a broker in New York also requires completing additional courses and working a minimum of two years as an agent. Whether you want to be a real estate agent or broker, if you want to buy and sell real estate in New York, you'll need a license. CE Shop's online platform, self-paced courses and student satisfaction are just some of the reasons that make us the best in real estate education. Let's take a look at the five simple steps you'll need to follow to become a real estate agent in New York.
Course terminations are valid for 8 years and must be used to obtain a license or they will expire and must be retaken. Now that you understand the eligibility requirements, let's look at each step so you can learn how to become a real estate agent in New York. This New York real estate license information is provided for your convenience only and is subject to change at any time. It's important to find the right broker to work with, as this person will serve as your mentor as you begin your new career in real estate.
New York has a number of statutes and regulations that govern real estate agents and brokers, and they aim to protect the public from any nefarious activity, all of which are contained in a 46-page document. We've broken down every step of obtaining a license in one of the world's busiest real estate markets. Ultimately, it is the licensee's responsibility to ensure that they meet all the requirements of each license and the corresponding renewal period. A New York real estate agent (known as a “seller”), for example, is authorized to handle real estate transactions, but must work with a licensed agent.
Requirements and eligibility vary slightly between them, but all applicants must have an active license from their home state that has been issued within six months of applying to practice in New York. If you do not renew your license, you will be banned from performing any real estate related services or charging a commission until it is updated.