If you wish to be a licensed real estate in New York, you cannot become one without qualifying for the New York State Board of Real Estate’s licensing examination. In this guide, you will learn the complete details you need to know before getting your New York real estate license.
Getting your New York real estate license is comparatively easy than other states. You require only seventy-five school hours of pre-licensed courses, which are commission-approved. In Texas, you would need to complete 180 hours for the same.
The real estate pre-licensing course or the 75-Hour Real Estate Salesperson Qualifying Course, which is DOS approved will cover:
- Basic Principles of Real Estate
- Human Rights and Fair Housing
- Commercial and Investment Properties
- Law of Agency
- Environmental Issues
- Real Estate Finance, Construction
- Condominiums and Cooperatives
Information about the New York Real Estate Exam
You will easily be able to pass the exam if you work hard and refrain from taking the courses lightly. There are a number of institutions willing to help you with the course. These institutions will help you to clear real estate mathematics questions, several real estate definitions and enough material and practice to clear the exam for attaining New York real estate license.
1. How many questions does New York Pre-Licensing Exam have?
Seventy-five multiple choice questions or MCQs
2. What should you carry to the exam?
- Your Candidate number
- Government-issued ID with your signature and your photograph
- Summary of Your Submission page that you are requested to print while scheduling your examination.
3. What is the least passing score?
You must attain at least 70 to qualify the New York Real Estate Salesperson Exam.
4. How much do I have to pay as fees?
The New York Real Estate License fee is $55 while the exam fee in New York is $15. So, the total fees is $70.
5. What are the education requirements?
You should have GED or a high school diploma in order to apply for a real estate license in New York.
6. If there any age limit?
The candidate must 18 years or above.
7. Who can take the exam?
Any U.S. citizen or any person with a U.S. residency can apply for the license.
8. Are there any exemptions?
If you are a current attorney admitted to the New York State bar, you are qualified for licensure.
9. Can I apply for the license in case I have a criminal record?
No, you cannot have any felony charges on record against you to be issued the real estate license in New York. However, the decision is up to the investigative unit of the DOS ultimately. If you do have a criminal license, you can still get the license.
The DOS will put various things into consideration before concluding whether you should be issued the license. It will consider the kind of license you desire, the nature of misdemeanor or felony, and the court disposition papers.
10. Where am I allowed to work other than New York with the license?
You can work in 9 states – Arkansas, Colorado, Connecticut, Georgia, Massachusetts, Mississippi, Oklahoma, Pennsylvania, and West Virginia.