Every Question You Need Answered to Get Your Broker License in New York
We're here to help answer any questions you have about upgrading your license. Getting your broker license in New York is a big step, so to help we've collected and answered some frequently asked questions below.
How do I become a New York real estate broker?
To qualify for licensure to become a real estate broker in NY, a candidate must have at least two years of experience as a licensed real estate salesperson or at least three years of experience in the general real estate field. Candidates must also complete the 75-hour salesperson education requirement and the 45-hour broker education requirement. Upon course completion, the candidate must pass the real estate broker qualifying exam administered by the NY Department of State.
How long does it take to become a New York real estate broker?
It takes at least two years of experience as a licensed real estate salesperson or at least three years of experience in the general real estate field before one can qualify to become a real estate broker in New York. In addition to the experience requirement, candidates must complete the applicable Pre-Licensing education requirement, and pass the real estate broker qualifying exam administered by the NY Department of State.
Do I need to be licensed as a broker in New York?
Yes. In order to sell, lease, or rent property in New York state or to otherwise act as a real estate broker, a New York real estate license is required.
What happens if I do not renew my New York broker license?
You have two years from the date your license is active before it expires and you must renew. If you do not renew your expired New York real estate broker’s license, you cannot, by law, conduct any real estate activities. There is no grace period. If you do not renew within that period of time, you will be required to pass the exam again and submit a new application, as well as pay the requisite fee.
What are the Continuing Education requirements for a New York real estate broker license?
In order to continue to qualify for licensure as a real estate broker in New York, you must have completed 22.5 hours of approved Continuing Education classroom hours within a two-year period immediately following a license renewal. You may be exempt from this requirement if you have been license prior to July 1st, 2008. You may read more about requirements and exemptions here.