Salesperson Standard Initial Application Fee : $55 The total fee of $55, which goes to the New York Department of State, Department of Licensing Services, covers a two-year period.
In order to qualify for licensure as a real estate salesperson, an applicant must have satisfactorily completed a 75-hour salesperson qualifying education course in real estate approved by the Secretary of State, and have passed a qualifying examination administered by the Department of State.
Most complete the requirements within four months. There are a number of steps to complete which include education, application, exam, fingerprints, background investigation, and sponsorship by an actively licensed New York real estate broker .
Passing the real estate exam is not hard , you just need to prepare for it.
Most agents work under a ”debit-credit” system, where they are paid a monthly wage and if the amount they earn on commissions exceeds that base wage, the difference is added to their pay . Some agents get paid purely on commission, but Sammut says this practice is becoming less common.
Real Estate is a Great Business It can be a very difficult career if the training and work ethic fails, but it can be a seriously rewarding career if you are self-motivated, hard-working, honest, and enjoy networking and helping people.
1. Wrong Expectations. The number one reason people quit real estate is because they expect to see immediate results. People expect a solid month of hard work to result in a good deal and a lot of money, and when it doesn’t, they are quick to decide real estate must not be for them.
Getting licensed , however, may take more than most realize. Getting licensed takes both time and money – not something every new investor has. If you can use your real estate license for deals, networking or to simply save or earn more money, it is worth the investment.
General California Real Estate License Requirements A high school diploma or GED is not required to apply for a real estate license . Both California residents and non-residents can obtain a license . Click here to learn more about Out-of-State Applicants. Must be honest and truthful.
How To Become A Successful Real Estate Agent In NYC Identify Your Target Market in NYC : Identifying your target market is vital for your real estate business. Work Over Your Online Presence: Don’t Forget Referrals and Word-of-Mouth: Look for Hidden and Off Market Properties : Develop Partnerships: Stay in Touch with Your Clients: Be Available:
Once you pass the New York Real Estate exam, you need to fill out the online application and pay the required fee to obtain your license . The New York Real Estate Salesperson Application can be found on the New York Department of State Division of Licensing Service website, or you can complete it online (see Step 5).
You are allowed three attempts to pass both the national and state law portions of the exam . If you do not both portions after three attempts, you must take 30 or 60 hours of additional education in order to retake the licensing exam .
If you did not pass the NY state licensing exam , you must schedule a new attempt through your eAccessNY account and pay the $15 examination fee.
Absolutely! Many real estate agents start off part – time , maintaining their “day job” for a little while. This is appealing to many new professionals because it allows them to maintain some stability in their working life while at the same time exploring a new field.