How to Become a Real Estate Agent in New YorkPDH Staff
New York has been long known as the city of dreams. If your dream has been to work as a real estate agent, New York is the perfect place to start. Becoming a real estate agent offers a wide variety of rewards, including the ability to control your income and hours each week. Plus, you are helping people find homes that they love. If you are looking to take the plunge into a new career in real estate but are not sure where to start, this guide will walk you through the process. It’s actually simpler and more straightforward than you might think.
Basic Requirements for New York Real Estate Salespersons
First, it is important to take note of the basic requirements for working as real estate salesperson in New York. You must be at least 18 years old to become a real estate agent. Additionally, you must be able to prove that you are a United States resident. You will undergo a background check and fingerprint as well. If you have any felony convictions, you may not be eligible to work as a real estate salesperson in New York.
1. Take Required Real Estate Courses
New York real estate agents are required to take a variety of courses in order to learn more about the industry. These courses might include those like Fair Housing Made Easy, Real Estate Ethics, Real Estate Pricing, Real Estate Finance, Green Housing Essentials, and Broker Management. These courses are required to provide you with all the information you need to operate as a real estate agent in New York.
In New York, real estate agents are required to complete 75 hours of education through an approved provider. Through PDH Real Estate, you can select individual courses to take or select a package that allows you to meet all your requirements. The good news is that you can take many of these classes online. This allows you to study and take lessons on your own time in preparation for your exam and practice as a real estate salesperson.
If you have a bachelor’s degree in real estate, you may be eligible for a waiver. The rules may differ based on where you obtained your degree and what course of study you took. Licensed lawyers may also be able to bypass certain educational requirements as well.
2. Find a Broker to Work Alongside
In order to work as a licensed real estate salesperson in the state of New York, you must work under a licensed broker. This broker’s role in your life is to teach you the ropes of working as a real estate agent in the field. In working with a broker, you will learn how to apply all necessary skills to your work with some guidance from somebody who has done it all before.
In order to find a broker, you want to start by performing a search of those in your area. You should call the real estate agents who seem most promising and ask if they are looking for real estate agents to work with. In fact, you might already have a few in mind.
3. Take (and Pass) the Salesperson Licensing Exam
Your next step is to schedule the New York salesperson licensing examination. You can do this via the New York Department of State’s Occupational Licensing Management System. Tests are given several times throughout the year, so you can schedule an examination that works best for you.
Many real estate agents study intensely in preparation for the examination, but in many cases, the classroom hours help to provide the education needed in order to pass. In order to pass the 90-minute exam, you must score at least 70 percent or higher. If you do not pass your first time, you will be able to re-take the test.
When you come to the examination, make sure to bring a government-issued identification card. You should also bring a calculator and the confirmation sheet printed out from when you scheduled the test.
4. Submit a New York Real Estate Salesperson License Application
You will be able to find that application on the New York Department of State Division of Licensing Service’s website. Along with your application, you must submit a certification of completion of education requirements, license fee, notification of examination, and the information for the broker you will be working with. Fees are due before you can receive your license.
5. Complete Continuing Education Requirements
In order to work as a real estate agent in New York, you must be licensed. This means you need to maintain your license by completing the continuing education requirements while you work. In each licensing period, real estate agents must fulfill 22.5 hours of continuing education approved by the state of New York. At least three hours must be related to fair housing or discrimination, and one hour must be related to the law of agency.
After working as a real estate salesperson for a period of time, make agents opt to work on requirements for becoming a real estate broker. The requirements for real estate brokers differ slightly but still require continuing education.
Becoming a New York real estate agent requires hard work and dedication, but it is an attainable goal. Once you have your real estate license, you need to keep up with continuing education to continue practicing year after year. Contact us for more information about meeting your continuing education requirements.