how much do real estate agentsmake

Are you interested in becoming a licensed real estate agent in New York State (NYS)? This comprehensive guide will walk you through the process of obtaining your NYS real estate license, providing you with all the necessary information and steps to kickstart your career in the thriving real estate market.

Are you ready to dive into the exciting world of real estate in New York State (NYS)? Before you can embark on this rewarding career path, you'll need to obtain your NYS real estate license. In this article, we'll outline the step-by-step process, from meeting the eligibility requirements to completing the necessary coursework and passing the licensing exam. So, let's get started on your journey to becoming a licensed real estate agent in NYS!

#1. Meeting the Eligibility Requirements: Before you can apply for a NYS real estate license, you must meet the following criteria:

  • Age: Applicants must be at least 18 years old.
  • Education: You need to have a high school diploma or equivalent.
  • Legal Status: You must be a United States citizen or have a lawful presence in the US.

#2. Pre-Licensing Education:

Around three to six months It takes around three to six months to become a real estate agent in New York. The most time-consuming part of the process is the 77 hours of prelicensing instruction you'll need to complete.

How much does it cost to get a real estate license in NY?

How Much Does It Cost to Get a Real Estate License in New York? Becoming a real estate professional in New York isn't prohibitively expensive. When all is said and done, an aspiring agent will spend around $500 to $1,000 to get their license, while a broker can expect to pay around $950 to $1,450.

How do I get my real estate license in New York?

Requirements
  1. Submit a completed application and the required fee to the Department of State.
  2. Be 18 years old.
  3. Have successfully completed 77 hours of approved qualifying education.
  4. Pass the NYS Real Estate Salesperson examination.
  5. Be sponsored by a NYS licensed Real Estate Broker.

How hard is NY real estate exam?

Results will not be given over the phone, so please do not call Licensing Services for them. The passing rate for the New York Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.

How much do beginner real estate agents make in NY?

First Year Real Estate Agent Salary in New York. $73,100 is the 25th percentile. Salaries below this are outliers. $112,500 is the 75th percentile.

Where do I take the NYS real estate license exam?

Available Proctoring Locations
Location / FeeNameInstructions
Manhattan FREEStavros Niarchos Foundation LibraryView Instructions
Mineola $60Sylvan Learning CenterView Instructions
Montauk FREEMontauk Public LibraryView Instructions
New Rochelle *FREENew Rochelle Public LibraryView Instructions

How do I schedule my NY real estate exam?

In order to schedule your examination, you must have an eAccessNY account. In addition to being able to apply for the exam, you will be able to view your scheduled exam details and exam results online. Persons with disabilities who require accessibility information should call 518-474-4429.

Frequently Asked Questions

What is the youngest age for real estate?

Hear this out loudPauseGeneral Requirements Age: You must be 18 years of age or older to be issued a license. Residence: If you are not a California resident, see Out-of-State Applicants.

Can a minor own real estate in New York?

Hear this out loudPauseWhile it is legal for a child to own real estate, a child cannot convey (sell or transfer) real estate until he or she has reached the age of majority.

How hard is it to get a NY real estate license?

Hear this out loudPauseThe passing rate for the New York Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!

FAQ

What do I need to get my real estate license in NY?
Requirements
  1. Submit a completed application and the required fee to the Department of State.
  2. Be 18 years old.
  3. Have successfully completed 77 hours of approved qualifying education.
  4. Pass the NYS Real Estate Salesperson examination.
  5. Be sponsored by a NYS licensed Real Estate Broker.
How old do you need to be to get real estate license in NY?
At least 18 years of age To get a New York real estate license, you need to be at least 18 years of age. There is no requirement for a GED or high school diploma to get your salesperson real estate license.
What is the earliest age you can get your real estate license?
To start:
  • You must be at least 18 years of age.
  • If you are not a California resident, see Out-of-State Applicants here.
  • All applicants must be honest and truthful, and conviction of a crime may result in the denial of a license.

How to get a nys real estate license

What are the requirements to become a real estate agent in NY? Requirements
  • Submit a completed application and the required fee to the Department of State.
  • Be 18 years old.
  • Have successfully completed 77 hours of approved qualifying education.
  • Pass the NYS Real Estate Salesperson examination.
  • Be sponsored by a NYS licensed Real Estate Broker.
Can you take real estate classes at 17 in NY? Must be at least 18 years old. Must complete 77 hours of real estate coursework through an approved provider if you completed your education outside of NY state (good for eight years from the date completed) or have a four-year college degree in real estate4. Must pass a final exam.
How long is real estate school in New York? Full-Time Study - Approximately 2 Weeks If you're willing to dedicate 40 hours a week to your real estate education, you can knock out your 77 hours in just two weeks. Make sure you leave time to study, though — you do need to be able to pass both the course final exam and the state exam.
  • How much are real estate classes in NY?
    • How much does a real estate license cost in New York?
      Course / Package Fees$248-$613
      Background Check$102
      Salesperson License Fees$65
      Examination Fees$15
  • How difficult is New York State's real estate license exam?
    • The New York State Real Estate License Exam is not difficult, you just need to prepare for it. Making sure you understand the material and reviewing the course content are great first steps to take to increase your chances of passing.
  • How long is a NY real estate license good for?
    • Two years A Real Estate Salesperson license is good for two years. Your license expiration date is printed on the license. Three months prior to your license expiration date, you are sent an email and post card reminder that it's time to renew your real estate license.

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