What to Consider When Thinking of Getting a Real Estate License in New York
Are you considering getting a real estate license in New York? Not entirely sure what is involved with the license process and whether or not you want to go through with it? For those who find themselves in this position, here are a few things that you should consider before you apply for a real estate license in New York:
Do you intend to start your real estate work soon after getting licensed? You will have to renew your license on a regular basis and if you don’t renew after two years from your expiration date you will have to take the written license exam again and pay the corresponding fees.
Are you in a position in which it is ok for you to have sporadic income? If you get your license and start your work as a realtor then it may take some time before you are making regular sales. Even when you are established your income will not be consistent. Make sure you are financially in a position in which can go some time before your first sale.
Do you have the drive to make it as a real estate agent in New York? New York City is one of, if not the most, competitive real estate markets in the world. If you aren’t extremely motivated or have any doubt about your capacity to sell to others, then you may want to reconsider.
What It Takes to Get Licensed
In terms of what is required to actually get a real estate salesperson license in the state of New York, there are a number of criteria that you have to meet. First you have to have spent at minimum 75 hours in a state approved real estate training program. You will also have to pass a test at the end of this class in order to qualify. You also need to have a sponsorship from a real estate broker who is licensed with the State of New York. Once these criteria are met you can then take the real estate salesperson exam. Upon successfully passing the exam, it is simply a matter of submitting its notification of completion along with the license application and related fees.
Do you have a license and have other advice you would give someone who is considering getting a real estate license in New York? Then please share in the comments below.
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