how do you get a real estate license in ny

To apply for a real estate license in New York, you must:

Full Answer

How long does it take to get a Real Estate License in NY?

3-5 monthsHow Long Does It Take to Get a Real Estate License in New York? On average, it takes anywhere from 3-5 months to obtain a real estate license in New York.

How hard is the real estate exam in NY?

You need to score 70% or higher. Since there are 75 questions, it means that you need to answer 53 questions correctly to pass. Real estate exam results are reported as either passed or failed—you will not receive a numerical score.

How do you get your Real Estate License in NY?

RequirementsSubmit a completed application and the required fee to the Department of State.Be 18 years old.Have successfully completed a Department of State approved 75-hour salesperson qualifying education course. ... Pass the NYS Real Estate Salesperson examination.Be sponsored by a NYS licensed Real Estate Broker.More items...

How much does it cost to take the NY real estate exam?

$15Examination Fee: $15 The state of New York creates and administers the qualifying exam you must take and pass in order to apply for a real estate salesperson license. The exam consists of 75 multiple-choice questions. You must obtain 70% or better in order to pass it, and you are given 1.5 hours to finish it.

How many times can you take the NYS real estate exam?

You can take the NY state licensing exam as many times as needed until you pass. You simply have to schedule a new attempt through your eAccessNY account and pay the $15 examination fee.

How long does it take to study for NY real estate exam?

New York requires that real estate sales agents complete 75 hours of pre-licensing coursework prior to sitting for their exam.

How much money does a real estate agent make in New York?

According to the Bureau of Labor Statistics, in May 2021 the average New York real estate agent's salary was $81,020 a year. That works out to $38.95 an hour.

What are the qualifications to be a real estate agent?

High school diploma or equivalentReal Estate Broker / Entry level education

What degree do you need to be a real estate agent?

Education and Training In most cases, you don't require a college degree to become a real estate agent, but it does help potential career job seekers stay competitive and relevant. An associate or bachelor's degree is more than sufficient—perhaps in business, finance, or any other related field.

How many questions are on the NY state real estate exam?

75What to Expect On Your NY Real Estate Exam. The exam consists of 75 multiple-choice questions based on the 75-hour pre-licensing curriculum. You have 1 1/2 hours to complete the test and need to answer 70% of the questions correctly to pass.

How long is the NY real estate exam valid?

two yearsYour NY state licensing exam results are only valid for up to two years. This means you must have a sponsoring broker and submit your license application within two years of passing the state exam. Otherwise, you will have to retake the state exam.

Do real estate agents make good money in NYC?

According to the Bureau of Labor Statistics, the average real estate agent salary in NYC metro-area was $104,180 in 2018. By contrast, the website Glassdoor pegs the New York City average base real estate agent salary at $87,185 .

How many questions are on the real estate exam in NY?

The New York Real Estate Salesperson Examination consists of 75 total questions. To pass, you need to answer 70% of the questions correctly.

How long does it take to get NY real estate exam results?

around 2 weeksHow long does it take to get NY real estate exam results? It takes around 2 weeks for the state to issue your NY real estate exam results- Exam results will be available online, through your account in eAccessNY. The exam results will be available as soon as possible after they are received by the Exam Unit and scored.

Is real estate hard?

You need to work hard – really hard and really often Real estate, particularly sales, is no nine-to-five gig. You need to be available at all hours of the day and on weekends, because if you're not your competitors will be, and your consumers expect you to be available when they are – generally outside business hours.

Can I use my Florida real estate license in New York?

Reciprocity is when a state allows a person licensed in another state to transfer their license without retaking the licensing exam. If you're from a state that New York has reciprocity with, you don't have to retake your pre-licensing education to get a real estate license in New York.

How to search for real estate license?

To search for a real estate continuing education course by a specific course topic, perform the following steps: Click on the “Public License Search” link from the Public Services Main Men. Click on the “Search by Name” for a Specified License Type. Next you will need to select the “License Type.”.

How long is a real estate license good for?

Renew Your License. A Real Estate Salesperson license is good for two years. Your license expiration date is printed on the license. Three months prior to your license expiration date, you are sent an email and post card reminder that it's time to renew your real estate license.

What is a real estate salesperson?

A real estate salesperson is associated with a real estate broker to list and negotiate the sale, lease, or rental of real property for others for compensation, under the direction and guidance of a responsible broker. A salesperson cannot operate independently. It is the responsibility of licensees to understand the Real Estate License Law.

How many hours do you need to be a real estate broker?

The prelicensing salesperson's course must be at least 75 hours of classroom instruction and the broker's course, 120 hours. In addition, if you have a Bachelor's Degree with a concentration in real estate, you may qualify for a 120-hour qualifying course requirement waiver.

How to change broker address?

Click on one of your licenses, but not an associate broker license. Select “Change Broker Addresses” under the License Menu. Click on the hyperlink for your name which is the first link listed. Edit the address data and press Continue. A“Change Broker Addresses - Update Main Address Listings” page will appear.

How long does it take to get a real estate license in New York?

All the following steps must be completed before you get your real estate license in NY. It can usually take several months to obtain your NY real estate license in New York. However, this is dependent on how much time you have available, and the dedication you place in the process of obtaining your NY real estate license.

How much does a real estate license cost in New York?

The NY real estate salesperson license application fee is $55, and the license will be effective for two years. Within the two years of holding your NY real estate salesperson license, you must meet the New York real estate education requirements, and complete your continuing education requirements. For more information on NY real estate licensing fees, please follow the link – D OS Real Estate Licensing Fees

What is a real estate sponsoring broker in NY?

A sponsoring broker is a fully licensed broker, with years of experience, that guide and supervise real estate salespersons in NY. Your sponsoring broker is responsible for your actions, when you are working as a New York Licensed Salesperson.

What Does a Sponsoring Broker in NY Do?

Your sponsoring broker is responsible for you and any other agents working under them, while also being responsible for the running of their business and daily operations of their brokerage. They are responsible for guiding and mentoring their agents. They hold their NY salespersons’ licenses and manage their agents commission payments etc.

How do I schedule a real estate exam in NY?

You need to schedule your NY real estate salesperson exam on the Occupational Licensing Management System, eAccessNY. In order to schedule your examination, you must have an account on eAccessNY. If you do not have an account, you should go to the eAccessNY overview page and click on "Create my Account". Please follow the link to the online portal - eAccessNY

How do I prepare for the NYS real estate exam?

The NY Real Estate Exam questions are based on the learning material from your 75 Hour Salesperson Course. We advise you to review your course, prior to taking the state exam. MLS Campus also offers a free NY real estate practice exam, to help prepare you for your NY Real Estate exam. If you feel that you need further preparation before taking your state examination, we also offer further preparation courses – NY State Real Estate Exam Prep Master and NY State Math Cram Course

How long does it take to get NY real estate exam results?

It takes around 2 weeks for the state to issue your NY real estate exam results- Exam results will be available online, through your account in eAccessNY. The exam results will be available as soon as possible after they are received by the Exam Unit and scored.

How much does it cost to get a real estate license in New York?

There are several costs and fees you need to pay to obtain a real estate license in New York: The New York state exam fee is $15. The real estate license application fee is $50. Online courses cost anywhere between $99 and $250, depending on the provider you choose.

How old do you have to be to become a real estate agent in New York?

These requirements are: Be at least 18 years old. Submit a completed application and the required fee to the Department of State. Have a high school diploma or hold a GED certificate.

How long does a real estate license last in New York?

They also list and negotiates sales for clients in exchange for a commission. A New York license lasts for just two years before you have to renew it (bummer).

How many real estate agents are there in New York City?

Fun fact: New York is a real estate hub, so the governing board has their hands full. There are approximately 30,000 licensed real estate agents in Manhattan alone, and over 50,000 agents in the wider NYC metro area.

How to get a real estate license in New York?

Step 2: Complete a 75-hour salesperson qualifying education course in real estate approved by the New York Department of State. - Enroll Today.

What kind of information will I learn from Real Estate Express to help me get a real estate license in New York?

Real Estate Express will help you prepare for the New York real estate licensing exam. You will learn at your own pace. You will also get tools for your future career.

What language do you need to take the real estate exam in New York?

New York real estate license exam is offered in the following languages: Spanish, Korean, Russian and Chinese. If you wish to take the exam in one of these four languages, please notify an exam proctor when you report to the test center.

How long do you have to take a course in New York?

If you do not complete your course within the one year time period permitted per New York License Law Rule 176.25, you will be required to re-register for your course and take the entire course over again from the beginning.

Complete 75 hours of approved Pre-Licensing education

To start, you must successfully complete an approved 75 clock-hour NY Pre-Licensing Salesperson course. Learn more about your package options here.

Pass the course final exam

After you complete all the course materials, there is a course final exam. The minimum passing score is 70%. Course completions are valid for 8 years and must be used to obtain a license or they will expire and have to be retaken.

Pass the New York real estate salesperson examination

You will have 1.5 hours to complete this multiple choice exam based on the 75 hour Pre-Licensing curriculum. More information can be found here.

Select a sponsoring broker

To be licensed, you need to be sponsored by a current and active New York broker. It's important to find the right broker to work with, since this person will serve as your mentor as you start your new career in real estate.

Complete the real estate license application

Once you passs the New York Salesperson Real Estate exam and find a sponsoring broker, complete your application utilizing eAccessNY.

How to take real estate classes?

There are a couple of different ways for one to take the needed class. For instance, an individual can enroll at a traditional classroom-based real estate school. Then, they will have to show up at the location in the evenings, Saturdays, or whenever the course is scheduled. A lot of people don’t like this aspect as it doesn’t mesh with their work or personal life timetable. Thus, many, many folks are deciding to do their schooling via the world wide web. This action allows them to learn at their own pace and prevents them from having to be cooped up in a room with strangers all day.

What are the best online courses for real estate?

If you plan on taking your real estate license education online, here are the top 3 online real estate courses in New York. 1. Aceable Agent. When looking at establishments to obtain a real estate license online in New York, Aceable Agent deserves to be at the top of the person’s list. Firstly, the curriculum contains 75 full content hours, ...

How much do real estate agents make?

For example, a study from PayScale shows that the average annual salary for a real estate salesperson is $46,756 and this does not include other opportunities many real estate agents get involved with such as rental properties and property management. Meanwhile, research from the Bureau of Labor Statistics reveals that brokers get a mean yearly average of $75,910. Before deciding to dive into the career head first, there are some things that the person needs to keep in mind. So, read further to learn more.

Do you have to do deeds in New York?

There are requirements that an individual must meet ahead of partaking in real estate activities in New York. Well, that is to legally do the deeds anyway. Hence, if you are interested in getting into the business, you’ll need to know about applicant obligations such as…

When does a real estate broker license expire?

The amendment also REMOVES the 15-year real estate broker continuing education exemption and now requires all brokers with a license expiring on or after July 1, 2021 who are currently exempted to complete continuing education starting July 1, 2021. Exemption.

What is the law on real estate?

Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.

How to check if a broker application is pending?

Click on the “Application Status Display” on the Main Menu of your account. If you have submitted an online original salesperson application or an online sales or broker renewal application, this link will indicate if the application is still pending (in progress).

How long does it take to terminate a broker license?

It is a Department of State policy to terminate a licensee within five days from the date they leave the broker’s employment. Licensing requires the termination of a salesperson or associate broker by the existing representative (principal) broker prior to the performance of a change of association by a new broker agency. The broker will need the license number (UID#) of the individual they are terminating or who will be working for their company. A fee is not required to complete a termination transaction.

How to access my eAccessNY account?

If you have already created or accessed your account, you should click on the "Access My Account" link found on the eAccessNY page of our website . You may access your account by using your User ID (email address) and your permanent password .

Do you capitalize license numbers?

When searching by License Number (UID#), you must enter the entire unique identification number. If the license number includes two letters, then the letters must be capitalized. If you know the specific License Type, you can select these from the drop down arrow to limit the search results. Selecting the License Type is not necessary.

Do I need a real estate license?

Do I need to be licensed?#N#Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.