Why Get Into New York Real Estate
Getting your license in New York is the first step of many exciting opportunities in real estate.
Your Guide to Getting Started with Your Real Estate License in New York
We know that there's an overwhelming amount of information out there when it comes to becoming a real estate agent, so we took the guesswork out of it by collecting the best and most current information you need to get started.
Is Now the Time?
YES! The real estate market has had its ups and downs, but there's never been a better time to get started with becoming a real estate agent. Watch our short video and ask yourself these questions to determine if real estate is right for you.
✓ Have you been eager for a new career?
Real estate is a great industry to get into if you're a self-starter and looking to grow a business.
✓ Are you ready to determine your future?
Work on your own time, your hours and the way you want to.
✓ Do you want to control your income?
You can determine your own income based on what you want to do.
✓ Is the market right?
Do some research online and at a local real estate agency to see what's happening in your area.
When you have a good job and you’re able to take care of your family, you’ll find that life is much more satisfying. Obtaining your real estate license in New York is the first step to getting out of the office and working in the city. You’ll find going to work each day will become a lot more rewarding. Realtors are their own boss and know it’s up to them to take care of their clients, a responsibility that many agents find empowering.
If you aren’t sure how to go about getting your real estate license in NY, download a free copy of our ebook and try one of our free trial packages. With The CE Shop, each student has the ability to engage their education on a level that directly relates to the job they’ll perform once licensed.
While you may be able to make a great deal of money as a realtor, there’s still a lot of hard work involved. With ambition, drive, self-discipline, and an open personality, you have all the ingredients it takes to become a successful realtor. With your Pre-Licensing course out of the way, you’ll be on your way to a new career where you have the chance to be your own boss. As a licensed realtor, you can capitalize on your strengths to help you find clients, learn neighborhoods, share information, and set appointments. Your willingness to put in the time and effort is all it takes to get started in this business. In the end, your hard work can lead you to a comfortable living answering only to yourself and your clients. You can be in total control of what happens with your real estate business.
Is Real Estate Right for You?
A career in real estate means a lot of things to a lot of people, but here are a few key points that make it ideal for you:
✓ Flexible schedule
✓ Entrepreneurial opportunity
✓ The ability to help others
✓ A fun profession
✓ Low barrier to entry
There are several reasons why someone would want to become a real estate agent. First, the ability to create your schedule and manage your day is appealing. To be able to make appointments around family and personal obligations helps create a greater quality of life. Next, you are your own boss. You answer to you and your productivity is based on your efforts alone, making for unlimited potential. You get to interact in a very social career field, outside of the drab office environment amongst neighborhoods and with people of your choosing.
With a real estate license in NY you have the opportunity to make as much money as you want. Your closing rate is dependent on your efforts and because of this fact you’ll see the opportunity for unlimited earning potential.
Making your clients happy will be completely within your power. Providing them with the best service and finding the right property that fits their needs is something that will pay dividends later. A lot of your business will be from referrals and word of mouth. People will want to tell others about the great service and amazing home you found them, which inevitably will lead to more business down the road.
If you are entrepreneurial in spirit, motivated, and self-directed, being a realtor in New York will be both personally and financially rewarding.
Annual income for real estate agents can vary widely. Factors to consider when determining your income potential include:
✓ Full-time or part-time status
✓ Affiliated brokerage
✓ Housing prices and trends in your area
If you’ve ever spoken to a real estate agent, you may know that one of the best parts of the job is directly related to earning potential. Instead of a fixed salary, you get paid for your performance. This commission-based job means the amount of money you make each year is directly correlated to the amount of work you do and the number of closings you complete, which puts you in complete control of your earnings. Since the time and effort you put into the job translates into commissions in your pocket, you know that you’re getting paid what you’re worth, which is a very rewarding feeling.
Doing market research, defining the type of clientele you want to serve and the niche you want to pursue, and understanding real estate trends can all lead to increased earning potential. Conducting regular research on the neighborhoods and business districts you serve will lead to you making strategic decisions and creating marketing campaigns that can bring in more money.
It’s important to understand real estate commissions and commission structure. This will help you better understand your earning potential and what you need to put into your job as a realtor to get what you want. Upon closing, commissions are generally 6% of the total home purchase price. The listing agent splits that 50% with the buyer’s agent, and with your 50% you’ll pay a percentage to the broker you work for. For example, $300,000 homes sell with gross $18,000 in commission, or $9,000 for each agent. After you pay the broker you work for, you may walk away with $5,400 for that one transaction, depending on the split with the broker. Obviously, the opportunity to net up to $5,400 after a closing is very appealing, and the higher the home’s selling price, the greater the commission. The more sales you do, the more money you make.
The Right Education
When you’re starting a new career, education is the first step and choosing the right provider is key.
Here are a few things to look for:
Age of Content & Platform
Content is the key to our success. The real estate market is constantly changing and, if you're not learning based on recent market trends, you'll be outdated before you even get started.
✓ Age of Content & Platform
We offer brand new content and frequent updates to our courses on a brand new online learning solution. We want you to learn, grow, and succeed through the most revolutionary ideas and approaches in education.
Money Back Guarantee
You shouldn’t have to pay for something that isn’t right for you. A lot of providers don’t have your best interest in mind and don’t offer a guarantee on their products once a course is started.
✓ Money Back Guarantee
We think this one is a no-brainer. We value your time, money, and effort and we prove it through our money back guarantee policy.
Not able to finish your course? Change your mind? Some providers don’t provide a refund for any reason.
✓ Refund Policy
If something in your life has affected your decision to take our course, we respect that, and we’re transparent about how we handle it. Call us about our refund policy.
You have a lot to do and time away from home while commuting to a classroom environment is time that can be better utilized.
One of the greatest advantages of taking your course online is that you can do it whenever it’s convenient for you. Have time first thing in the morning? That’s great. Awake at 2 am? Hop online and start learning!
Online vs. Classroom
If not done well, taking an online course can feel like reading a flat and unengaging textbook online. Classrooms can be inconvenient and only offer one-size-fits-all learning.
✓ Online vs. Classroom
Our online learning solution, LEAP, is innovative, new, and delivers content in an engaging and interactive way, helping to better prepare you for your new career.
Most providers don’t publish their pass rates - and that’s usually for a reason. Knowing their average success rate will help you determine if they're the best choice for you.
✓ Pass Rates - Learn more*
We pride ourselves on having one of the highest course pass rates in the industry! Our built-in exam prep is comprehensive and our goal is to enable you to move forward in your career.
In this day and age, providers often resort to flat, overwhelming text that lacks context and engagement. That doesn’t sound like a very effective way to learn.
✓ Education Methods
We know you’re striving to be the best. That’s why we designed LEAP with the latest in adult learning science to deliver a revolutionary experience.
The beauty of online education is taking it when the time is right for you – so doesn’t it make sense that customer service should be available then as well? Make sure your provider is available when you need them.
✓ Customer Service
We’re here for you when you need us, 7 days a week, via phone, chat, and email. We look forward to hearing from you!
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The Ultimate Guide to Becoming a Real Estate Agent in New York
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