Real estate broker license New York
Becoming a real estate broker in New York can be a rewarding career choice. Here’s a step-by-step guide to help you through the process of obtaining your real estate broker license in New York.
Requirements to Get a Real Estate Broker License in New York
To become a licensed real estate broker in New York, you must meet the following requirements:
- Be at least 20 years of age.
- Have no prior felony or sex offense convictions.
- Have at least 2 years of experience as a licensed real estate salesperson, or at least 3 years of experience in the general real estate field, or a combination of both.
Regardless of your type of experience, you must meet the minimum points required for that experience type and have completed the 77-hour salesperson course.
Step 1: Complete 75 Hours of Broker Pre-License Education
To upgrade from a salesperson to a broker license in New York, completing 75 hours of broker pre-licensing education is mandatory. MLS Campus, a provider with over 10 years of experience, offers accredited real estate courses.
The course must be approved by the state, including passing a final exam, and result in a certification of completion. The 75-hour education covers essential topics such as:
- Agency Law
- Real Estate Finance
- Real Estate Investing
- General Business Law
- Conveyance of Property
- Taxes and Assessments
Step 2: Pass Your Course Final Exam
After finishing the 75 hours of broker pre-licensing education, you must pass the course’s final exam with a minimum score of 70%. A free practice exam with a large question bank is available for unlimited attempts to help you prepare.
The final exam must be taken in the presence of a proctor, and you must schedule an appointment in advance. Upon successful completion, you will receive a course completion certification, valid for 8 years, which is required for applying for your real estate broker license.
Step 3: Pass Your New York State Broker Examination
To obtain your real estate broker license, you must pass the New York State real estate broker examination. The exam consists of multiple-choice questions based on the 75-hour broker course and the 77-hour salesperson pre-licensing education.
- Exam duration: 2.5 hours
- Results: Reported as pass or fail (no numerical score)
- Validity: Results remain valid for 2 years from the date of passing
To apply for the license, you must do so within 2 years of passing the exam. You can access the exam results online through New York’s licensing portal, eAccessNY. For more details, visit the NY DOS website.
Step 4: Apply for Your Broker License in New York
Once you have passed the exam, you can apply for your real estate broker license online through Accessory. Fees for applying include:
- Initial application: $155
- Branch office application: $155
- Renewal: $155
- Written exam: $15
For any further questions or assistance, contact MLS Campus at 877-331-6235 or email [email protected].
FAQ
What are the education requirements for becoming a real estate broker in New York?
You must complete 75 hours of broker pre-licensing education approved by the state and pass the final exam to receive your course completion certification.
How long are the New York broker exam results valid?
Your exam results are valid for 2 years, and you must apply for your broker license within that time frame.
How much does it cost to apply for a real estate broker license in New York?
The initial application fee is $155, with additional costs for branch office applications, renewal, and the written exam.
What is the minimum passing score for the course final exam?
You must achieve a minimum score of 70% to pass the course final exam.
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Doubt: How long does the process typically take to obtain a real estate broker license in New York?
Author reply: The process usually takes 6-12 months, depending on completion of required courses and exams.
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