Your 2025 Guide to Becoming a Licensed Real Estate Agent in NY
Overview
- Career in real estate offers independence, high income potential, and professional autonomy.
- New York's real estate market is dynamic, with opportunities to earn significant commissions.
Benefits of Becoming a Real Estate Agent in NY
- High Earning Potential: Potential for six-figure income with no upper limit; commissions increase with deal value.
- Professional Autonomy: Flexibility and independence in work, potential to start your own agency.
- Growth Opportunities: Constantly evolving market with opportunities for career advancement.
What Does a Real Estate Agent Do?
- Assists clients in buying and selling properties.
- Involves sales, marketing, customer support, and operational duties.
- Requires understanding of local and national real estate trends.
- Earnings through commissions on closed deals.
- Initial requirement: NY real estate license and brokerage sponsorship.
Steps to Obtain a NY Real Estate License
Step 1: Complete NY Pre-License Education
- Requirement: 75 hours of pre-license education from a state-approved provider.
- Courses include:
- Real estate principles and practices
- State and federal laws
- Contracts and agreements
- Real estate ethics
- Real estate finance
- Cost: $100 to $700, options for in-person or online courses.
Step 2: Pass the New York Real Estate Exam
- Content: Multiple-choice questions on state and national topics.
- Passing Score: Minimum 75%.
- Registration: eAccessNY portal, $15 fee.
- Retake options available if failed initially.
Step 3: Clear Background Verification Check
- Requirement: Clean criminal record; submit fingerprint scan to DOJ.
- Cost: $65 licensing fee.
Step 4: Join a Real Estate Brokerage
- Requirement: Work with a licensed senior broker.
- Purpose: Gain practical experience and activate license.
Important Links
Additional Resources
- RealEstateU offers online courses to support licensing and education needs.
- Further assistance includes exam prep and continuing education options.
- Contact: [email protected]
Published by Ciprian Morariu, January 24, 2025.