It only takes seven steps to get a New York real estate license in a matter of months. Here’s what you need to do.
7 Steps to Getting a Real Estate License in New York
- Check Your Eligibility
- Complete the Required Pre-License Real Estate Courses
- Pass the Education Provider Administered Exam
- Sign Up for the State Licensing Exam
- Pass the State Licensing Exam
- Find a Sponsoring Broker
- Apply for a Real Estate License and Pay the Fee
Step 1 - Check Your Eligibility
As long as you’re 18 years old, a U.S. citizen, have a high school degree (or GED), and don’t have a felony on your record you’re good to proceed! You can still possibly get a New York real estate license with a criminal record, you just have to take an additional step of getting a Certificate of Relief From Disabilities or a Certificate of Good Conduct.
Step 2 - Complete the Required Pre-License Real Estate Courses
The first thing you’ll have to do is complete the 75-hour salesperson qualifying education course. You can do this at a traditional school in a classroom or through an online course like Aceable Real Estate School.
Now that you’ve determined your eligibility, you’re ready for the fun part: the coursework. The state of New York requires the completion of 75 hours of coursework from a course that’s been approved by the Secretary of State before applying for your license. There’s only one exception to this requirement. For those who may have completed the 45-hour salesperson course prior to July 1, 2008, all you have to do now is complete the 30-hour remedial course to apply for your license.
Before you get started, you may be wondering what exactly you’ll be going over in these courses. The education that you’re required to work through will comprise of the following topics:
- License Law and Regulations
- Law of Agency
- Legal Issues
- The Contract of Sales and Leases
- Real Estate Finance
- Land Use Regulations
- Construction and Environmental Issues
- Valuation Process and Pricing Properties
- Human Rights and Fair Housing
- Real Estate Mathematics
- Municipal Agencies
- Property Insurance
- Taxes and Assessments
- Condominiums and Cooperatives
- Commercial and Investment Properties
- Income Tax Issues in Real Estate Transactions
- Mortgage Brokers
- Property Management
It’s important to note that once you complete these courses, they’re valid for eight years. This means that if you aren’t ready to take the exam right away or aren’t in the right stage in life to obtain your license, you have plenty of time to make it happen.
Step 3 - Pass the Education Provider Administered Exam
Once you complete the pre-licensing education you’ll then have to pass a proctored exam given by your course provider. Anything over 70% is a passing grade.
Step 4 - Sign Up for the State Licensing Exam
After you pass the proctored exam, you’re able to schedule a time to take the New York real estate licensing exam. To do so, you’ll have to set up an account on eAccessNY, the state Occupational Licensing Management System.
Step 5 - Pass the State Licensing Exam
Show up on your scheduled exam date with a current government-issued ID that has your picture. You’ll also need to bring a print out of the “Summary of Your Submission” page that was generated in the eAccessNY system when you scheduled the exam.
Test takers are given 90 minutes to complete the multiple choice exam. It’s pass/fail, but you won’t get your results right away. You’ll receive an update in your eAccessNY account letting you know if you passed or failed once the exam has been graded.
Step 6 - Find a Sponsoring Broker
While you wait to receive your test results, start looking for a New York sponsoring broker if you don’t have one yet. You can’t get an active license to work as a real estate salesperson in New York without one. If you need a little guidance, check out this article on choosing your first real estate brokerage in NY.
Step 7 - Apply for a Real Estate License and Pay the Fee
You just found out you passed the state licensing exam - yes! And you found a broker to sponsor you - double yes! Now you’re ready to apply for a New York real estate license.
You can submit the application form online through your eAccessNY account. Along with the application form, you’ll need to complete a Child Support Statement (even if you don’t have kids). You’ll also have to pay a non-refundable $55 fee for your application to be processed.
Once you complete the application form, it will be sent to your sponsoring broker for approval. After it’s approved and passed along to the Licensing office your shiny new real estate license will be generated and sent to your broker within a week!