Are you looking at becoming a licensed real estate agent in NYC, Long Island, Albany, Buffalo, Rochester, Yonkers, Syracuse, New Rochelle, Mount Vernon, Schenectady, or any other city in the state of New York? You will first need to get your NY real estate license.
Article 12-A of the Real Property Law states that any person that negotiates a sale, exchange or rental of real property, collects rent, or negotiates a commercial loan secured by a mortgage must be licensed.
Getting a real estate license in NY does not need to be a difficult task. Here are our 5 Steps on how to get your real estate license in NY.
Please Note: If you have obtained your NY Real Estate Salesperson License, and are looking to upgrade to a NY Broker License, please follow the link to find out more;
How To Become A Real Estate Broker in NY
If you are looking to renew your NY Real estate license then please go to the following page:
How to renew your NY Real Estate License
Step 1. Meet the New York real estate license requirements
To get your real estate license in NY, you must first meet the following New York real estate license requirements;
· You must be at least 18 years of age
· You must have a High School diploma
· In addition, you must not have felony charges on record
· You need to submit proof of US residency
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.
Which states have NY Real Estate License Reciprocity?
The following are states that share real estate reciprocity with New York State. Arkansas, Colorado, Connecticut, Georgia, Massachusetts, Mississippi, Oklahoma, Pennsylvania, West Virginia
The New York Real Estate reciprocity agreements between each of these states vary. For more information on state agreements, please follow the link –
NEW YORK REAL ESTATE LICENSE RECIPROCITY
All need current certification (dated within six months, from the Real Estate Commission where license was obtained), completed application, irrevocable consent form, and the appropriate fee.
Applicants seeking a reciprocal real estate salesperson’s license must be sponsored by their home-state broker who must hold a current New York State broker’s license.
Step 2. Complete your 77 Hour real estate Salesperson Course
In order to get a real estate license in New York, you must complete a NY 77-hour real estate salesperson course that has been approved by the NY Department of State. Choose the Salesperson Real Estate Licensing Course that is best for you.
How much is a real estate course in NY?
The cost of a real estate course in NY varies. Online Real estate schools and local NY real estate classes offer NY Real estate pre licensing courses and study packages, online and classroom based. MLS Campus offers the NY 77-hour real estate salesperson course online. We offer a variety of packages to suit your study preferences and budget. All our NY 77-hour real estate salesperson course includes a free NY real estate practice exam, to help you in passing your 77 hour salesperson course, and your NYS Real Estate Exam on the first attempt.
How long is the real estate course in NY?
The DOS Real Estate education requirements, states that the NY real estate salesperson course must be a total of 77 hours. All NY Real Estate Courses and Real Estate Schools, must be approved by the DOS.
Can you take real estate classes online in NY?
Yes. There are many advantages, if you decide to take real estate classes online in NY. You can study in your own time, and make it easier to fit study around work, or a busy family schedule. You can study your NY 77-hour real estate salesperson course from any location, such as your favorite coffee shop, or from the comfort of your own home. MLS Campus Real Estate School offers Audio Courses – you can listen to your NY real estate course, while driving to work. Studying online can provide you with the flexibility of learning that you need to successfully pass your NY Real Estate course online. If you need help with your course, MLS Campus provides support 7 days a week, so even if you need us at weekends, we are here to help.
Which online real estate course is the best?
You must ensure that your NY Real Estate course has been accredited by the DOS, so that it meets New York real estate license requirements. The NY 77-hour real estate salesperson course must meet educational requirements, and be a total of 77 hours duration. The NY Real estate salesperson course must include your end of course real estate examination, and the real estate school must provide proof of completion to meet New York real estate license requirements.
Why Choose to study with MLS Camps Online Real Estate School?
· At MLS Campus Real Estate School, we have been providing real estate courses for over 10 years
· All our online real estate courses are up to date, ensuring the content reflects changes in licensing laws and regulations
· We provide you with an online interactive portal, that you can access 24/7 from any location, at any time.
· We combine the convenience of e-learning, with additional friendly experienced instructor support 7 days a week
· You can access your NY 77-hour real estate salesperson course for 6 months from purchase, if you need a little longer, we offer extensions to your online real estate course.
· We provide you with a free real estate salesperson practice exam with all our real estate course packages, to help you pass your NYS Real Estate exam.
Step 3: Find a Sponsoring NY Real Estate Broker
In order to get your real estate license in NY, you must be sponsored by a New York State licensed real estate broker. We have answered the following questions to give you some advice on how to find a sponsoring broker in NY.
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 to find a sponsoring broker in NY?
In order to get your real estate license in NY, you must find a sponsoring broker, prior to applying for your real estate license in NY. We advise you to carry out your own research online, and check each firm’s reputation. Speak to the agents working for the firms for advice, and feedback. Ask friends in your area, who have maybe used a brokerage firm, if they can recommend any brokers to you. Then you are ready to schedule interviews with your list of brokers. Find out what commission splits each brokerage is offering, and what benefits they are willing to provide you. You will then be in a better place to make a qualified decision on which brokerage firm you choose to work for, once you become a fully licensed real estate salesperson in New York.
For more great tips and advice on finding a sponsoring broker, check out Agent Advice’s Guide to the Best Real Estate Brokerages now!
Step 4: Schedule and Pass your NYS Real Estate License Exam
In order to obtain a New York Real Estate License, you must pass the NYS Real Estate Exam with a grade of 70% or higher. You need to schedule your New York Real Estate exam on the New York Department of State Occupational Licensing Management System, eAccess NY.
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 much is the NYS real estate exam?
The NYS Real Estate Examination Fee is $15.
New York State provides and administers the NYS Real Estate exam. You must pass the exam prior to applying for a NY real estate salesperson license. The exam consists of 75 multiple-choice questions. You must pass with a grade of 70% or higher. You have 1.5 hours to complete the exam.
How do I prepare for the NYS real estate exam?
The NY Real Estate Exam questions are based on the learning material from your 77 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
For more information on how to pass your NY real estate exam, please follow the link to our FAQ – NY State Real Estate Exam Prep Master
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.
Step 5: Apply for Your New York Real Estate Salesperson License
Once you pass the New York Real Estate exam, you need to fill out the online application and pay the required fee to obtain your NY Real Estate license. The New York Real Estate Salesperson Application can be found on the New York Department of State Division of Licensing Service website, or you can complete it online through eAccessNY.
Can you get your real estate license online in NY?
You can carry out some of the process of obtaining your NY Real Estate license online. You can take your 77 hour real estate salesperson course online, and schedule your NYS Real Estate Exam online.
However, your NYS Real Estate Exam must be taken at the following locations – https://www.dos.ny.gov/licensing/realestate/re_examsites.html
For more information, please follow the link to the DOS website – NYS Real Estate Exam Information –
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 – DOS Real Estate Licensing Fees
To find out more on how to renew your real estate license, please follow the link to our article –
How To Renew Your NY Real Estate License?
What can you do with a real estate salesperson license NY?
A NY real estate salesperson can carry out the following activities, under the guidance and supervision of a licensed NY real estate broker.
· Facilitate the purchase and sale of property on behalf of their clients
· Gather lists of property for sale with their employing broker
· Assists buyers to find and purchase property
A real estate salesperson works under the supervision of a licensed NY real estate broker to list and negotiate the sale, or rental of property for customers and clients for compensation. A NY Real estate salesperson must receive their commission from their sponsoring broker, and NOT the client. A salesperson is not permitted to operate independently. It is every NY real estate salespersons’ responsibility to fully understand and follow the Real Estate License Law.
How much do real estate agents make in New York?
The Bureau of Labor Statistics report for the annual average mean wage of a NY real estate salesperson in May 2018 was $116,460. To view the report in full, please follow the link – BLS GOV