New York Real Estate Requirements
Article Summary: Contained within this article is insight and information into how one can obtain a real estate salesperson license in New York. Detailed outlines below include the governing agency, basic requirements, education, examination, and more..
The Department of State (DOS) was established in 1778 and regulates more than 30 occupations within the state such as real estate professionals. Within the departments, the NY Department of State’s Division of Licensing Services (DLS) oversees the licensure and regulation within the industry while protecting the welfare of all New Yorkers. The NYS Board of Real Estate was later established to specifically authorize the content of courses, advise the DOS on policies with examination, continuing education and more.
In order to obtain a real estate license in NY, one must be at least 18 years of age and have at least a high school diploma or equivalent. The DOS requires an applicant to complete a 75-hour approved pre-licensing course. The courses are offered in person or online. Before registering for the state exam, each person is required to pass the Real Estate School exam to earn the Certification of Completion for the course.
The New York Estate Exam must be passed with a 70% or higher within the 90 minutes of allotted time. Applicants can schedule their exam on the NY Department of State Occupational Licensing Management System. Exam sites are listed on the DOS’s website. A sponsoring broker is necessary for each real estate salesperson in the State of NY to finalize the application for a license.
When it comes to licensing renewal, real estate salesperson have a two year period to successfully complete 22.5 hours of approved continuing education, including at least 3 hours of instruction on fair housing and/or discimination in the sale or rental of real estate property.