New York State Real Estate Licensing Requirements
Few of us like to slow down from our busy schedules to take continuing education within our professional careers and keeping up with real estate license requirements is no exception. In New York State, there is a number of things to be aware of as you meet the state's legal real estate license requirements to either obtain or renew a license. This short primer will help you maintain your current status or get a real estate license as a real estate agent for the first time.
General New York Real Estate License Requirements:
- You have to be 18 years old.
- You need to pass a 75-hour real estate education course that is approved by the Secretary of State and is qualified in the following manner:
- You have to pass a qualified examination that is administered by the Secretary of State.
- The course must be sponsored by a licensed real estate broker in the state of New York.
- Once you have mastered the material and successfully passed the salesperson and real estate examination, there are some documents that need to be sent to the New York State Department of State, Division of Licensing Services as part of your real estate license requirements:
- The Certification of Satisfactory Completion application. Normally, the real estate school that you attend or another approved individual will issue this certificate or form.
- Examination Notification is another document that must be sent with your application.
- License fee is one of real estate license requirements. The initial application and examination fees are $50 and $15 respectively (2016).
The real estate license is valid for 2 years and must be renewed through regular continuing education as defined below in the next section.
Real Estate Salesperson and Brokers Continuing Education
Whether you are a licensed real estate salesperson or a licensed broker, in order to keep up with New York State’s real estate license requirements, you must complete 22.5 continuing education hours.
Keeping up with continuing education is very important and advantageous as it helps to acquire new knowledge and keeps you updated on changes that take place in real estate industry.
Real Estate Broker’s License
If you are a broker, New York requires a certain number of points to be maintained to renew your broker's license. These points are calculated based on the amount of real estate that you have sold. As part of the process, you will need to fill out the Real Estate Broker/Associate Broker Application and send it to the Secretary of State. To obtain your broker’s license, the following steps of real estate license requirements must be completed:
- You must have two years of experience being a real estate salesperson OR have at least three years of general real estate experience such as buying, marketing and selling your own real estate properties or any other property management experience.
- You need to have the 75-hour salesperson course completed, as well as the 45-hour real estate broker course that is approved by the Secretary of State and you will have taken and passed the state’s qualifying examination as administered by the Department of State.
From the date your license expires, you have two years to make up the renewal real estate license requirements or you will need to retake the real estate examination and submit a new application and fee.
For any additional questions regarding real estate license requirements you can contact NYS Department of State, Division of Licensing Services at 1-(518)-474-4429.
Home study or correspondence courses are not eligible by New York State real estate license requirements.