Renewing your New York State real estate license is an online process that requires you to complete just a few simple steps. Real estate agents are not allowed to conduct any real estate business with an expired license. In New York, there is no grace period for working in the industry. This guide will walk you through the process of renewing your real estate license.
New York Real Estate License Expiration
The real estate license expiration date will be printed on the license itself. You can renew your real estate license three months before the expiration date. Around this time period, you should receive reminders via email and mail about your renewal date. You will then use eAccessNY to renew your license.
Real Estate Continuing Education in New York
In order to renew your real estate license regularly, you must complete 22.5 hours of continuing education from an approved school. At least three of these hours must also relate to fair housing or discrimination. One hour must be focused on real estate law, with the exception of the first licensing term.
The other continuing education hours can be electives. Courses include those related to real estate ethics, antitrust practices, green housing, broker management, real estate pricing, real estate financing, and real estate agent safety. Each of these courses is required to help you learn about emerging trends and changes in the real estate industry.
Sponsoring Real Estate Broker
In order to renew your real estate license in New York, you must work under the supervision of a real estate broker just as you are supposed to do when you become a real estate sales agent. The broker is responsible for the work you do on some level, providing you with guidance as you complete transactions. This is the case until you choose to become a real estate broker and work on your own.
Renewing Your Real Estate License Online
Once you log in to eAccessNY, you will find a list of licenses and license numbers to select. You will be shown the option to renew your real estate license and then be given a list of questions. In applying for a real estate license, you are agreeing that you have met all the requirements for license renewal. The process is fairly straightforward, and directions are provided on the New York Division of Licensing Services website if you are having difficulty.
Real Estate License Renewal Time Limit
If you do not renew your license within two years after it expires, you will be required to retake the New York real estate examination and submit a new real estate license application with the corresponding fee. You are not required to take additional continuing education if this is the case for you.
Continuing education serves several purposes. First, it allows you to renew your license quickly. Second, it provides you with additional education that helps you pursue a successful career as a New York real estate agent. Contact us for more information about real estate education in your state.