451 New Karner Rd, Albany, NY 12205
To become a broker in New York, you must:
- Be at least 20 years of age
- 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)
- 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, 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
Broker Licensing Course Schedule
Course Tuition: $350 (includes textbook)
The course includes 22.5 hours of CE with 1 hour of Agency and 3 hours of fair housing requirements- ONLY if you renew your salesperson license.
Contact Amelia Addor for more info
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 are the educational requirements for obtaining my Broker license?
You need 120 education points to apply for your broker license. If you took a 45-hour salesperson course, you must take and pass the required ’30 hour remedial’ course. In addition, you have to take and pass the 45-hour real estate broker course. If your salesperson course was 75 hours, then you only need to take the 45-hour real estate broker course to equal 120 education points.
What happens if I take the course but I'm not ready to apply for my license?
Your course completion certificate is valid for 8 years and the results of your NYS broker exam are valid for 2 years. You can relicense as a sales agent and count 22.5 hours of CE for your sales license but you must also take 1 hour of recent legal matters and 2.5 hours of a business ethics course before you can renew your sales license. You can then apply for your broker license at your convenience.
What happens if I miss a portion of the qualifying course?
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.
GCAR has partnered with The CE Shop to offer online licensing classes.