as a lawyer what is the procedure for applying for a real estate broker licnes in ny

by Kacie DuBuque 3 min read

Attorneys admitted to the bar in NYS are exempt from the educational exam and experience requirements but must submit an application. Associate broker and broker applicants must: Have two years of experience as a licensed real estate salesperson or three years of experience in the general real estate field.

Full Answer

Who can apply for a real estate broker license?

Department of State shall grant a real estate broker or a real estate salesman license to an applicant who is a member of the household of a member of the armed forces of the United States, National Guard or Reserves and was a member of such household before such member

What are the rules for real estate licensees in New York?

applicable to the activities of real estate licensees in New York State. (2)(i) No licensed real estate broker or salesperson shall solicit the sale, lease or the listing for sale or lease of residential property after such licensee has received written notice from an owner

Can a real estate broker or salesperson solicit in New York?

or any other protected category under any federal, state or local law applicable to the activities of real estate licensees in New York State. (2)(i) No licensed real estate broker or salesperson shall solicit

How do I search for a real estate broker in NY?

Searches are limited to active licenses only. You must go to eAccessNY and select Public License Search. Real Estate Broker data is available on the Open NY portal (Salesperson and Broker), where you will be able to browse, filter, sort, and export the data.

When does a real estate broker license expire?

The amendment also REMOVES the 15-year real estate broker continuing education exemption and now requires all brokers with a license expiring on or after July 1, 2021 who are currently exempted to complete continuing education starting July 1, 2021. Exemption.

What is the law on real estate?

Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.

How many hours of real estate course?

Select “Real Estate Course: Cont Ed Misc” and press “Continue.” (Cont Ed Misc are courses under 22.5 hours in length. A combination of courses may be completed to satisfy the 22.5 hours continuing education requirement.) Type in the name of the course topic. Click on the Course Name to see course details.

Do I need a real estate license?

Do I need to be licensed?#N#Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.

Is real estate commission regulated?

The commission or compensation of a real estate broker is not regulated by statute or regulation, therefore the amount and terms are negotiable. A real estate broker shall never offer a property for sale or lease without the authorization of the owner.

How to become a real estate broker in New York?

Associate broker and broker applicants must: 1 Have two years of experience as a licensed real estate salesperson or three years of experience in the general real estate field. 2 Complete 120 hours of instruction through the 75-hour Salespersons Qualifying Course and the 45-hour Brokers Qualifying Course. (A waiver may be approved for a master’s degree in Real Estate or equivalent out-of-state coursework.) 3 Register to take the brokers licensing exam through the Department of State, Division of Licensing. 4 Pass the licensing exam. 5 Submit an application and a $155 fee to the NYS Department of State.

What is required to become an associate broker in New York?

Becoming an associate broker or broker requires both industry experience and education, plus the passage of the New York State Broker’s exam. Attorneys admitted to the bar in NYS are exempt from the educational exam and experience requirements but must submit an application.

How long does a real estate broker have to be licensed in New York?

To qualify, a real estate broker must be currently licensed as a real estate broker by the State of New York and must have been engaged in the real estate business in the State of New York for at least ten years. The term of office is two years.

Who has the authority to approve or deny real estate license applications and renewals?

In addition, the Secretary of State has the authority to approve or deny license applications and renewals; and the Secretary of State may suspend or revoke a license, or impose a fine or reprimand, for violations of Article 12-A. Next Section. Continue. NYS Real Estate Board Meeting Summaries.

Who has the authority to promulgate rules and regulations affecting real estate brokers and salespersons?

With the exception of matters delegated specifically to the Secretary of State, the Board has general authority to promulgate rules and regulations affecting real estate brokers and salespersons in order to administer and effectuate the purposes of Article 12-A of the Real Property Law.

Who has the duty to administer all licensing, examination, education, and compliance provisions of Article 12A?

The Secretary of State has the duty to administer all licensing, examination, education, and compliance provisions of Article 12-A; the rules of the Board; and the rules of the Secretary of State.

Can a public member be a real estate broker?

A public member cannot be a real estate broker. The members of the Board are appointed by the Governor and the legislative leaders according to a specific statutory direction. See the "Appointments" section of this summary. At least five members of the Board must be real estate brokers.

How to search for real estate license?

To search for a real estate continuing education course by a specific course topic, perform the following steps: Click on the “Public License Search” link from the Public Services Main Men. Click on the “Search by Name” for a Specified License Type. Next you will need to select the “License Type.”.

How many hours do you need to be a real estate broker?

The prelicensing salesperson's course must be at least 75 hours of classroom instruction and the broker's course, 120 hours. In addition, if you have a Bachelor's Degree with a concentration in real estate, you may qualify for a 120-hour qualifying course requirement waiver.

How to change broker address?

Click on one of your licenses, but not an associate broker license. Select “Change Broker Addresses” under the License Menu. Click on the hyperlink for your name which is the first link listed. Edit the address data and press Continue. A“Change Broker Addresses - Update Main Address Listings” page will appear.

How long is a real estate license good for?

Renew Your License. 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.

What is a real estate salesperson?

A real estate salesperson is associated with a real estate broker to list and negotiate the sale, lease, or rental of real property for others for compensation, under the direction and guidance of a responsible broker. A salesperson cannot operate independently. It is the responsibility of licensees to understand the Real Estate License Law.

How long does it take to get a broker license?

In most cases, this process should take between 5-10 business days. After this, your license will be mailed to your business address.

How old do you have to be to become a real estate agent in New York?

The requirements to become a real estate agent in New York are: Be a citizen of the United States or a lawfully admitted alien. Be 18 years of age or older. Have no prior felony or sex offense convictions.

What is the passing score for real estate in New York?

A passing score for the New York Real Estate Salesperson Exam is 53/75. Exam results are reported as either passed or failed; you will not receive a numerical score. Passed exam results are only valid for a period of two years. Results will not be given over the phone, so please do not call Licensing Services for them.

Does NY require a proctor for pre-license exam?

New York is one of the few states that require the final pre-license exam to be supervised by a proctor. This is not the same as the state exam. This test is provided by your pre-license education company and is an indication that you have completed and retained the information from your pre-license education course.

Can you take the state exam in your own home?

You are allowed a basic-function calculator and scratch paper, but no cell phones or outside internet access. In most cases, you can take this test in your own home, but you must have a proctor overseeing you when sitting for the test.

Is there a license for commercial real estate?

There is no specific “commercial real estate license”. If you wish to take on a career selling specifically commercial real estate, choose a broker that handles the types of deals that you want to be a part of.