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Are you looking to move to New York and continue your real estate career? If so, you are likely wondering how the real estate license process works in the Big Apple. Will your prior course completion transfer over? The short answer is it might! Read on to learn all you need to know about real estate license reciprocity in New York. Plus, learn what to do if you need to start from square one and take the 77-hour New York real estate course.
If you have earned your license in one state, will it cross over when you move to another? Sometimes. There are some states that fast-track their licensing process for licensed agents. In those cases, you simply take the reciprocal state's exam. But, when a reciprocity agreement doesn't exist, you'll have to start over.
Which states share real estate license reciprocity with the state of New York? There are nine, each with their own respective qualifications, including:
No matter which state you're coming from, you'll need a current license certification from the Real Estate Commission in your previous state. It will need to be dated within the last six months. You'll also need to complete the application, pay the necessary fee, and complete the consent form. Additionally, your business and residence must be in your previous state.
Seeking a reciprocal real estate license as a salesperson? You'll need a broker in your home state that holds a current broker's license in New York to sponsor you. If you want a corporate broker's license in real estate, you'll need to file your corporation as a foreign entity with the state.
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To get your real estate license in New York without a reciprocity agreement, you will need to meet a few requirements.
To become a Real Estate Salesperson, you'll need to complete a qualifying 77-hour education course approved by the Secretary of State. You'll also need to pass a qualifying exam provided by the Department of State.
Real Estate brokers will need:
They'll also need to complete the 77-hour qualifying course plus an additional 45-hour approved real estate broker course. Lastly, they'll need to pass the exam from the Department of State.
Ready to start your real estate career in New York but can't get a reciprocal license? You can complete the necessary requirements online, at your own pace, with Aceable's New York Department-approved 77-hour real estate course. Learn more today!