January 30, 2017

New York Licensing- Broker

New York Licensing- Broker 

The first step to in obtaining your broker/associate, broker license, is to complete the NYS Brokers 45 Hour Qualifying Course

GCAR’s Real Estate Professional Institute is offering: 

The 45 Hour Broker Qualifying Course – 

scheduled for Wednesdays & Thursdays 9am -5pm: 

August 9th, 10th, 16th, 17th, 23rd & 24th, 2017

Course fee: $400, text book included 

Location: 451 New Karner Road, Albany, NY 12205

GCAR members: You can register online at www.gcar.comthrough IMS by clicking here. You can order the text book by calling (518) 464-0191 x15

Online Option: GCAR also offers an online Broker Licensing Course through their education partner The CE Shop. Click here to be connected to their site to review course details. You may begin the online course at any time.

NYS Requirements for Licensing as a Broker are: 

  •  be at least 20 years of age
  •  complete the Broker’s Qualifying course and pass the course exam
  • If you took the 45 hour Salesperson Course, you are required to complete the 30 hour Remedial Course, (offered at GCAR February 24th, 26th & March 3rd & 4th or on line through the CE Shop) in addition to the Broker Course, to meet the 120-hour education requirement for the broker license, you can take the Remedial Course before or after the Broker Course.
  •  pass the NYS broker exam
  •  and have either a minimum of two years experience as a licensed salesperson or three years experience in a related field. (Please check with the NYS Dept. of State as to what constitutes experience and/or a related field at 518-474-4429 or www.dos.state.ny.us )

As of July 1, 2008, the Broker’s Requirements have changed. Click here for more information.

Frequently Asked Questions… 

Who needs a license? According to Article 12-A of the Real Property Law, “anyone who negotiates any form of real estate transaction for another and for compensation of any kind in the State of New York” needs a license.

What is the difference between a Broker and a salesperson? A Broker is the owner or corporate officer of the firm. The Broker sponsors, trains, and supervises all the real estate activities of the agents for which he/she is responsible. A salesperson works for and under the direction of the sponsoring Broker.

What happens if I take the course but am not ready to apply for my license? Your course completion certificates are valid for 8 years so if, at the end of the course, you’re not ready to apply for your license, you must hold on to your certificates until you are ready. Remember, the State exam results are valid for two years. 

If I miss a portion of the Qualifying Course what happens? According to the New York Department of State, you must complete 90% of the class time in order to pass the course. In other words, if you miss more than 7.5 hours of the salesperson’s class or 4.5 hours of the broker’s class, you will automatically fail.

To register for this class

Complete the attached form and fax it to: 518-464-0196 Attn.: Debbie

Or:

Call: Debbie Isom, Education Director, at 518-464-0191 x15