Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of New York or anyone looking to become a real estate agent or realtor in New York. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The New York State's Department of State, established in 1778, has two main divisions.
One is the Office of Business and Licensing Services that oversees the Division of
Licensing Services. This Division of Licensing Services handles all aspects
of the real estate industry
licensing in New York from their office in Albany.
The requirements for a real estate salesperson license in New York include being at
least 18 years of age at the time of application, and have successfully completed a
Department of State approved 75-hour qualifying course.
If you have completed the 45-hour salesperson qualifying course prior to July 1,
2008, you may complete the 30 hour remedial course in order to qualify for licensure.
You must be sponsored by a NYS licensed real estate broker and pass the NYS
real estate salesperson examination No previous experience is required.
The requirements for a real estate broker license in New York include being at least 20
years of age and being a U.S. Citizen or an alien lawfully admitted for permanent
residence. Broker license applicants must have at least two years of full time experience
as an active licensed real estate salesperson, or at least three years of full time
experience in the general real estate field.
Full time is defined as 35 hours per week for at least 50 weeks per year.
Applicants may
apply
for a combination of these two types of experience. Broker license applicants need to
successfully complete 120 hours of specific approved real estate courses before taking the
real estate exams. Those who have completed a degree program with a major in real estate
may apply for a waiver of the education requirement.
The State of New York recognizes different types of real estate broker licenses,
those being: Individual, Associate, Trade Name, Partnership. Limited Partnership and
corporate. In the case of the first two types, the broker license is in the
name of the individual that took it out. All of the others are in the name of either
a partnership, or a that of a corporation.
Broker applicants need to apply for their license within two years of successfully
completing the examinations or the exam results will be invalidated. Attorneys who are
currently members of the New York State bar are exempt from both the educational and
experience requirements. All broker applicants must have a physical address that they will
be doing business from: a post office box number as a business address is prohibited.
All applicants for a real estate license in New York State need to complete the Child
Support Statement section of the application, whether or they have children, or any
support obligation. If anyone is four or more months in arrears in child support
their license may be suspended. No person shall receive a real estate license if they have
ever been convicted of a felony, but this rule may be waived in certain circumstances. The
examination fees are $15.00 for both broker license applicants and salesperson license
applicants.
Licensed real estate agents need to complete 22.5 hours of approved continuing
education courses during their two-year license period. At least 3 hours of instruction
pertaining to fair housing and/or discrimination in the sale or rental of real property or
an interest of real property must be taken.
Exemption from this continuing education requirement is granted to real estate brokers
who have 15 consecutive years of real estate licensure and who are actively engaged in
real estate at the time of renewal. New York State attorneys admitted to the bar may also
waive this requirement.
The approved real
estate schools for prelicensure and the approved continuing
education schools are located online. They are located in Public License
Search section of the Distance. Click here
to get instructions on how to search the database. Real estate courses are available
as well as classroom courses.
The nonrefundable license application fee is $150 for a real estate broker, and the
license will be effective for two years. The salesperson real estate license is $50.00.
The expiration dates for both are staggered.
Licensees have two years in which to renew licenses before they totally expire, and
during that period they may not practice real estate. Once expired, the licensee will have
to take the state written examination again. No continuing education courses are required
in order to repeat the licensing process again.
New York has reciprocity
agreements with ten states. In some of these states, the reciprocity is for
brokers only, and in others the reciprocity pertains to both brokers and salespersons.
Applicants from these states need to submit their completed application with the
application fee, a current certificate from the state where they are licensed stating that
they are in good standing, and a certificate of irrevocable consent. Applicants for a
salesperson license by reciprocity must be sponsored by their home-state broker who must
also hold a current New York State broker license.
Many forms, for both salespersons
and brokers
are available online.
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Organizations like the New York State
Association of Realtors and the National Association of Real Estate Brokers (NAREB)
assist many in locating real estate jobs within the industry. The Association of Real
Estate License Law Officials (ARELLO) and The National
Association of Realtors (NAR), the world's largest
professional association, are excellent resources for real estate education and
professional enrichment.
New York Real Estate Forms
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New York Reciprocity States
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- Arkansas
- Colorado
- Connecticut
- Georgia
- Massachusetts
- Mississippi
- Oklahoma
- Pennsylvania
- West Virginia
(as of 2/23/2010)
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New York Approved Real Estate Schools Prelicensing and Postlicensing
Education
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Community Colleges
Adirondack Community College
Corning Community College
Dutchess County Community College
Fulton Montgomery Community College
Nassau Community College
NYU Schack Institute of Real Estate
Queens College |
Private Schools
Brooklyn School of Real Estate (Brooklyn)
New York Real Estate Institute (NY)
Niagara Frontier Association of Realtors (Niagara Falls)
Professional Institute for Real Estate Training (Watertown)
Real Estate Education Center (Queens)
Realty Institute (Flushing)
Western New York School of Real Estate (East Amherst)
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Last Update: 3/1/2010
This list may not include all approved schools. Please visit the website of the Division of
Licensing Services for the latest list of approved real estate
schools, and follow these
instructions. |