How To Earn A New York Real Estate License
Real Estate License And Exam Prep Courses In New York
Have questions about getting a real estate license in New York? Luckily, TrainingCenter has both the required New York pre-licensing courses and training programs for how to list, sell, handle real estate objections, and more.
When it is time to earn your real estate license, the first step is making sure you are prepared. Essentially, you'll start by taking your state-specific pre-licensing course, then passing your exam. Tips for both, as well as recommended courses, appear below.
What Does An New York Real Estate Agent Do?Real Estate Agents in New York help clients to purchase, rent, or sell property. This includes finding buyers and sellers, providing advice and helping to negotiate on price, and referring home inspectors or mortgage professionals - all within federal and state rules and regulations.
Further, they are required to represent the best interests of their clients, whether they be buyers or sellers in New York City, Buffalo, Rochester, Syracuse, Albany, New Rochelle, Mount Vernon, or Schenectady, so operating your agency in or near one of these cities will give you a larger potential market base.
Generally speaking, New York real estate agents are responsible for:/>
- Communicating with buyers and sellers
- Abiding by state and federal laws re advertising and communications
- Staying involved to ensure any loan or financing requirements are met
- Communicating with the other agent and attorney's throughout the process
- Keeping an open line of communication with clients
- Help to close the transaction
Agents often decide to represent buyers only, sellers only, or both. Depending upon whether representing the buyer or the seller, agents can recommend an appropriate selling price, market the property, negotiate offers, attend and/or review the home inspection and appraisal, and provide feedback on comparable sales. Regardless, the job is not just showing houses; there is lots of paperwork, planning, and phoning, and not just in a 9-5 time frame.
About Our New York Real Estate Licensing Courses And Exam Prep Materials
We offer New York real estate license training courses that fulfill New York's pre-license education requirements. Our New York training and exam prep materials are delivered in an easy-to-understand manner that provides important insights and valuable exam tips and strategies covering New York's rules and regulations for New York real estate licensing. You receive:
- Both Print And Online Course Materials
- Sample Exams
- Exam Prep Materials
- Instructor Support
When you have completed the training materials, make sure to take as many practice exams as possible. This will help you to pinpoint and overcome problem areas, and ensure that you pass your New York real estate licensing exam on the first try!
Recommended New York Real Estate Licensing Courses And Exam Prep Materials
You'll find the real estate licensing courses you need here at TrainingCenter. We offer state-approved courses that meet the New York pre-licensing requirement.
To find the right state-approved New York real estate license course for you, simply select one of the recommended courses below or search under "Licensing" in the search box. Good luck earning your New York Real Estate License!
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About The New York Real Estate License Requirements
To help with how to get a real estate license in New York, we have provided below information on New York licensing requirements, its insurance department, and examination scheduling facilities, as well as info on what is on the exam and tips for passing it.
Topics on the New York Real Estate License Exam The New York real estate licensing exam includes questions covering both national and state-specific information. The exam covers real estate law, ownership, land use controls and regulations, disclosures, valuation, market analysis, financing, titling, taxes, and contracts.
New York Real Estate Licensing DepartmentNew York Department of State's Division of Licensing Services
Phone: (518) 474-4429
Website: https://www.dos.ny.gov/licensing/index.htmlExamination SchedulingWebsite: https://www.dos.ny.gov/licensing/realestate/re_examsites.htmlNew York Real Estate License Requirements
The following lists any applicable pre-licensing, continuing education, renewal, and reciprocity requirements for New York real estate licensing.
Real Estate Requirements:- New York real estate salesperson license: 75 hours
- New York real estate broker license: 120 hours
- Seat Time: The New York Department of Real Estate requires that all students spend a minimum amount of seat time engaged in the course content. The online course delivery system manages this requirement for you
- Final Exams:
- Must be proctored for qualifying education
- Must be physically taken within the state of New York at a location approved by the school
- May only be taken twice
State Reciprocity:New York state offers reciprocity with:
- Arkansas (for current brokers licensed for at least two years whose business and residence are in Arkansas)
- Colorado (for brokers and associate brokers with current licenses whose businesses and residences are in Colorado)
- Connecticut (for brokers and salespersons with current licenses whose businesses and residences are in Connecticut)
- Georgia (for brokers and salespersons with current licenses whose businesses and residences are in Georgia)
- Massachusetts (for current brokers licensed for at least two years whose businesses and residences are in Massachusetts)
- Mississippi (for current brokers licensed for at least two years whose businesses and residences are in Mississippi)
- Oklahoma (for current brokers and salespersons licensed for at least two years whose businesses and residences are in Oklahoma)
- Pennsylvania (for current brokers and salespersons licensed for at least two years whose businesses and residences are in Pennsylvania)
- West Virginia (for current brokers and salespersons whose businesses and residences are in West Virginia)
All of these applicants need current certification (dated within six months, from the Real Estate Commission where the license was obtained), a completed application, an 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.
Applicants seeking a corporate real estate broker's license must file said corporation in the New York State Corporations Bureau as a foreign corporation.
Continuing Education And/Or License Renewal Requirements: - Real estate professionals in New York need to renew their licenses every two years from the date their license was issued
- Licensees must take 22.5 hours of real estate CE, which includes 3 hours on fair housing and 1 hour on agency
- Effective 7/1/2021: 22.5 hours which must include at least 2.5 hours on ethical business practices, 1 hour of recent legal matters, 3 hours of fair housing and/or discrimination in the sale or rental of real property or an interest in real property, and 1 hour of law of agency. In the initial 2-year licensing term, 2 hours of agency must be completed
How To Get A Real Estate License In New York
Below are the recommended steps for passing your real estate agent exam and earning your New York real estate license.
- Step 1: Review New York's State Licensing Requirements
Since real estate licensing is state-specific, you want to make sure you qualify or meet the basic requirements for the state in which you want to be licensed. In most states, you have to be at least 18 years old, pass a background check, and pass your state's exam. Click your state from the table above to find your state's requirements - and suggested licensing courses. - Step 2: Register For The New York Real Estate Licensing Course
Our real estate training courses are designed to meet the state pre-licensing requirements, as well as prepare you for your state exam. Once you are done, you will be ready to take your state's real estate licensing exam. Click you state from the table above for information on where and how to register for your exam.
Note: Once you complete your course, be sure to obtain your official transcripts or certificate of completion from the school, which is required for your real estate license application. - Step 3: Study For Your Exam!
While exams often require you to know terms, definitions, and rules, real estate licensing exams are often more than just memorization, so make sure you understand the concepts and take as many of the practice exams that come with your real estate pre-licensing course materials as possible. - Step 4: Pass Your Real Estate Licensing Exam
- Step 5: Submit An Application To Get Your New York Real Estate License
Once you pass your exam, the next step is to apply for your real estate license. This usually includes completing an application and paying a licensing fee. - Step 6: Determine Where You Want To Work
New agents can work either individually, with a broker, or with a team. Those who want to work individually should make sure they have a good business plan and ample funding to carry them until their sales start rolling in. Separately, working with a broker could reduce up front costs while also providing a mentor relationship. Whichever option you decide is best for you, be sure to get trained! - Step 7: Get Training For Doing Listing Presentations, Handling Objections, And More!
While your real estate exam typically includes terms, definitions, and laws, it does not teach you how to sell real estate. For that, you'll need training on how to handle listing, FSBO, and expireds presentations, overcome objections, and more. Luckily, Training Center has lots of real estate training courses to help you succeed. Simply click one of the recommended courses below or select a topic from the search box below.
The Benefits Of Having A New York Real Estate LicenseThere are many benefits to having a real estate license. While helping to serve your community find their "dream house", you also benefit from flexible hours and the opportunity to have high earnings via your commissions. For those who invest in real estate, having a license also gives you early access to properties as they become available.
Good luck passing your New York real estate licensing exam!
Disclaimer: This information provided is based on state laws and regulations, and is subject to change. While we make every effort to asure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein.
