According to the New York Department of State (NYDOS), potential real estate licensees must meet all requirements to earn a salesperson license in the Empire State. These requirements include completing a 75-hour real estate course NY, passing the course final exam, passing the New York Real Estate Exam, finding a sponsoring broker, and completing your licensing application. Two main types of real estate licenses exist in New York: salesperson and broker licenses. Agents or salespersons are authorized to handle real estate transactions and work under a licensed broker. On the other hand, brokers can own companies and hire agents to work for them. Getting a New York real estate license is easy these days thanks to online schools like Real Estate U. Here are some crucial facts you should know if you want to get a real estate license New York online.
New York Real Estate Broker License Requirements
You are qualified for a New York real estate broker license if you
- Are 20+ years old
- Have worked for at least two years as an agent or three years in real estate
- Complete a 152-hour real estate license course NY through an accredited school
- Pass the final exam
- Have a current New York State Driver’s License or Non-Driver ID
How to Apply for a Real Estate License New York Online
One way to apply for a New York real estate license is online or by email. Fortunately, you can access the online application option through the New York eAccess Management System. Whether you submit a paper application or use the online channel, you will still have to schedule a real estate exam through the eAccessNY platform. You can find the best online real estate course NY at RealEstateU.
Although many applicants choose to wait until they finish their coursework before booking the exam, you can always schedule it anytime. Getting an active real estate license New York online requires you to pass and finish all of the required real estate coursework.
The New York Real Estate License Exam
If you create an account on the eAccessNY platform, you will have the chance to choose from eleven official websites throughout the state of New York. You can also get all of the essential details you need to know about the confirmation and exam results via the online portal.
A typical New York real estate agent license agent comprises multiple-choice questions, and candidates have about 90 minutes to complete them. Apart from English, the exam is available in different languages like Chinese, Russian, Spanish, and Korean. The New York real estate broker exam also features multiple-choice. However, it lasts for two and a half hours since it involves more coursework. You can access your exam results through your account on the eAccess portal once they are available. Your test results are valid for two years if you pass the test. However, those who fail the real estate license New York online exams can retake it by paying additional fees.
New York State License Renewal
A New York real estate license has a two-year validity period, and it’s renewable online. You will be notified 90 days before the renewal date of your license. Agents can expect to pay around $65 for renewal fees, while brokers may incur costs up to $185.
Obtaining your New York real estate license takes effort, money, and time. New York boasts one of the most profitable real estate markets in the United States, so you can get paid handsomely in the profession if you attend the best real estate schools in NY to get your license.
