Credit portal




How to get a broker license

how to get a broker license

Other People Are Reading

Real Estate Courses

Before submitting your license application, you must complete a 75-hour real estate course approved by the Secretary of State. Approved course providers can be found using the website eAccessNY, the state's Occupational Licensing Management System. You should also create your own account on eAccessNY since you'll need it to accomplish many license-related tasks online, such as applying for the exam. If you completed the 45-hour real estate course requirements in effect prior to July 1, 2008, you qualify to take a 30-hour refresher course that satisfies the 75-hour requirement.

Exam Scheduling and Procedures

After completing your real estate courses, register for the exam using eAccessNY. You must bring a current government-issued ID to the exam site to gain entrance. The exam is multiple choice and you'll have 90 minutes to complete it. The only electronic device you can use during the exam is a calculator without an alphabetic keyboard. No reference or other written materials are allowed at the exam site. You need a score of 70 percent or better to pass the exam. As of February 2015, the exam fee is $15.

Find a Sponsoring Broker

Passing the exam means you can submit your application for a real estate salesperson's license -- if you've found a licensed real estate broker to sponsor you. Without a sponsoring

broker, you cannot engage in any real estate activity that requires a license. You can look for a sponsoring broker at any time before or during your real estate course work and exam process. Ideally, your sponsor has the resources and ability to provide proper guidance and training once you receive your license and start your career.

Filing the Application

To file your license application, log in to your eAccessNY account and enter the required information along with the fee, which is $50 as of February 2015 for a two-year license. You'll also have to enter your sponsoring broker's ID number. Your sponsoring broker completes the process by logging on to eAccessNY and indicating that you are approved for hiring. Your license is then sent to the office address on your application.

License Application Exceptions

If you've completed real estate education courses out-of-state, you can apply for a waiver of the 75-hour course requirement. Upon receiving the waiver, you can register to take the exam. Exceptions to the course-work and exam requirements are also made for members of the New York State Bar and licensed real estate salespersons in a few other states. Known as "reciprocity,'' salespersons in Connecticut, Georgia, Oklahoma, Pennsylvania and West Virginia can apply for a New York license so long as their broker holds a current New York State broker's license.

Category: Forex

Similar articles: