To become a real estate agent in New York, you must be 18 years old and have a clean criminal record. You also must complete 75 hours of qualifying education and pass the New York State licensing exam.
Each state has its own real estate licensing requirements. Some require up to 180 hours of pre-licensing courses, others as low as 40. At 75 hours, New York’s education requirements are just about average.
If you have the time to dedicate to the courses and you meet the age and background requirements, you are ready to get started. Here are the steps:
Step 1: Complete Education Requirement
New York requires 75 hours of pre-licensing courses approved by the Department of State. The course covers the following topics:
License law & regulations
The law of agency
The contract of sales and leases
Real estate finance
Taxes and assessments
Commercial and investment properties
Property management
The Department of State has a list ofqualified education providers on its website. These institutions have been approved to offer New York’s real estate pre-licensing course. Prices for the course range between $200 and $1000 depending on the provider, materials and whether the course is offered online or in person.
Step 2: Find a Sponsoring Broker
New York requires all new licensed agents to be sponsored by a real estate broker. You will need to include that broker’s ID number on the final license application.
Step 3: Pass the Exam
The New York real estate exam is a 90-minute, multiple-choice test based on the content of the qualifying education course. The exam consists of 75 questions and it is scored pass-fail. To pass you must answer at least 70% correct.
To schedule an exam, applicants should create aneAccessNY account, and then select their preferred date and time for the test. The department of State lists12 testing locations online. The exam fee is $15.
Step 4: Apply for the License
With a passing grade on the exam, you are ready to apply for your real estate license. You can complete a paper application by downloading the followingform and returning to the Department of State. Or you can apply online through youreAccessNY account. The application fee is $55. The license has a term of two years.
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Disclaimer
The opinions or information expressed in this article are those of the author and do not necessarily reflect the official views, policy, or position of Realtyna. The information on Realtyna’s Website is general, for informational purposes only, and is not to be relied upon or interpreted as real estate, legal, accounting, or other professional advice or a substitute. Please discuss anything related to the certification process, professional advice or legal procedures with your MLS providers.
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