As always, home values in New York remains strong, with Zillow predicating a strong 3.1% rise over the year ahead. They predict a healthy market for 2018, making this a good time to consider working as a real estate agent. If you’re considering a career in New York real estate, here’s a handy guide that will help you learn how to get started and what the basic requirements are.
To get a New York real estate license, the applicant must be at least 18 years old and must complete a seventy-five-hour qualifying course that’s approved by the Department of State. There’s some flexibility as far as how you take the course, with both online and in-person options. According to Real Estate U, the in-class option usually entails twenty sessions of about 3.5-4 hours each, and the course can be completed in as little as ten days. However, if you opt for the online option, you can take the course at your own pace, meaning you can go as slow or as fast as you need.
Writing the exam
There are actually two exams that you have to write. The first is your real estate school’s institution-specific exam, which will earn you a certificate of completion. Then, you can register for the New York State Exam, which is done in-person on a specified exam site. Result scores are limited to pass or fail and will be available online.
After the exam
Once you’ve passed the exam, you’ll need to find a sponsoring broker and finalize your New York Real Estate Salesperson Application. To renew your license after two years, you’ll need to complete an additional 22.5 hours of continuing education courses, which can be done online. To become a broker, you must be at least twenty years old and have two years of experience as a real estate salesperson, and also complete an additional 45-hour broker course before taking the Department of State’s qualifying exam.
For more information, visit the Department of State website.