Do you want to learn how to become a real estate broker in NYC? We have put together this step-by-step guide so that you can get your real estate broker license in New York in just four simple steps. Find out about how to apply for your real estate broker license and what you need to get licensed. We also answer some of the most frequently asked questions from our students to help you decide if getting your real estate broker license is the right career step for you! If you have any questions after reading our guide, please call us. Our friendly support team is happy to help!
Before we go through how to apply for a real estate broker license, you must first check you meet the requirements to become a real estate broker in New York.
Requirements To Get A Real Estate License In NY
- You must be at least 20 years of age.
- You must have no prior felony or sex offense convictions.
- You must have at least 2 years of experience as a licensed real estate salesperson or at least 3 years of experience in the general real estate field, or a combination of both. Despite which type of experience you have; you must have met the minimum points required for the experience type and completed the 77-hour salesperson course
Become A Real Estate Broker In NY in 4 Simple Steps
Step 1. Complete 75 Hours of Approved Broker Pre-Licensing Education
NY State requires that you must complete 75 hours of broker pre licensing education in order to upgrade your real estate license from salesperson to broker. You must take a state approved course, pass the course final exam, and receive your certification of completion. The 75 hours of approved broker pre-licensing education covers the subjects that are required by the Department of State and include: agency law, real estate finance, real estate investing, general business law, conveyance of property, taxes and assessments, and much more. To take a look at the full course contents please follow the link to our state approved NY broker pre license course. MLS Campus has been providing accredited real estate courses for over 15 years. Your new career starts here! Enroll in our broker pre license course today.
Step 2. Pass Your Course Final Exam
Once you have completed the 75 hours of approved broker pre-licensing education, you must pass your course final exam. In order to pass your final exam, you must achieve a passing score of 70% or more. Our NY broker pre license course includes a free practice exam that consists of a large question bank, that you can take as many times as you need until you feel prepared and confident enough to take your final exam. The more you practice the more likely you will pass your course examination on your first attempt!
You must take your course final exam in the presence of a proctor. You must schedule an appointment with an exam proctor in advance.
Once you pass your course you will receive your course completion certification. Your certification is valid for 8 years from the date you complete your pre licensing education. You will need this certification to apply for your real estate broker license.
Step 3. Pass Your New York State Real Estate Broker Examination
Your next step to becoming a real estate broker in New York is to pass the New York State real estate broker examination. The exam consists of multiple choice questions based on the 75 Hour Broker and the 77 Hour Salesperson pre-licensing education. You will have 2.5 hours to complete your state exam. The NY state fee is $15 for the written exam.
Your exam results will be reported as either passed or failed. (You won’t be given a numerical score). Once you have passed your state exam, your results will be valid for two years from the date you passed. You must apply for your real estate broker license within 2 years.
You will receive your exam results online through New York’s Licensing Portal eAccessNY.
If you pass your exam, you can then go to the next step and apply for your real estate broker license for NY, submit your application and pay the fee.
If you fail your exam, you can schedule another exam online through your eAccessNY.
For more information on the New York State real estate broker examination please go to the NY DOS website.
For more information on the New York State real estate broker examination, please go to the NY DOS website to view broker licensing information.
Remember, our NY broker pre license course includes a free practice exam. This practice exam is also designed to help you prepare for your state licensing exam so that you can pass on your first attempt. Make sure to dedicate as much time to practice as possible so you feel confident going into your exam!
Step 4. Apply For Your Real Estate Broker License in NY
Your final step to become a real estate broker in NY is to apply for your real estate broker license. You can apply for your broker license online through eAccessNY. You must submit your application in full and pay the fee. You can pay these fees by check or money order made payable to the Department of State or by MasterCard or Visa using a credit card authorization form. DO NOT SEND CASH. Application fees are nonrefundable. A $20 fee will be charged for any check returned by your bank.
The following fees must be paid to get your real estate broker license in NY:
- $185 – Initial Application Fee
- $185 – Branch Office Application Fee
Please follow the NY DOS website link for more broker licensing information.
So, now you know how to become a real estate broker in New York! Do you still have more questions? We have put together a list of the most frequent questions our students ask us about how to apply for a real estate broker license in NY. If you still have questions or need any advice, please call our friendly support team. We are here to help you!
Call Us: (877) 331-6235 or Email: support@mlscampus.com
Your Questions Answered!
Does New York Have Real Estate Reciprocity Agreements With Other States?
Reciprocity means that a state has agreements with other states to transfer licensure. These states recognize the licenses of brokers and agents. However, as of last year, New York no longer offers reciprocity for real estate licenses with any other state. Please remember to check the DOS Website, as reciprocity and licensing regulations can change regularly.
When Can You Get Your Broker License?
You can get your broker license in NY once you have met the New York State broker license requirements. You must have a minimum of two years of experience as a licensed real estate salesperson or at least three years of experience in the general real estate field or a combination of both.
You must meet the minimum points required for the experience type (e.g., buying and selling your own property, managing property owned by your employer). You must have also completed both the 77-hour salesperson course and the NY broker pre license course.
How Long Does It Take To Get A Real Estate Broker License In NY?
The length of time it will take for you to get your real estate broker license will depend on the time you have available and the dedication you apply to your course. Our NY broker pre license course is delivered through an online e-learning portal so that you can study in your own time, at your own pace, and from any location. This provides you with an easy and flexible study solution to meet your learning requirements and busy daily life.
What Do You Need To Get Your Broker License?
To get your broker license in NY, you must meet the requirements detailed in the above guide. You must meet your pre-licensing education requirement and pass your end of course and NY State license examinations. Once you have completed these steps, you will be ready to apply for your real estate broker license.
Do You Have To Renew Your Real Estate License?
Yes. You must renew your broker license every 2 years by meeting the continued education requirement. Please note that the education exemption for brokers who held 15 years of continued active license experience no longer applies. All licensed brokers must now meet the continued education requirements. To learn more about NY’s continued education requirements, please follow the link to Continuing Education NY.
How Long Do You Have To Be A Real Estate Agent To Become A Broker?
In New York, you must have worked as a licensed salesperson for two years, or have worked at least three years in the general real estate field, or a combination of both.
What Is The Difference Between A Broker And An Associate Broker?
Licensed NY real estate brokers are responsible for the running of their businesses. They will be responsible for tasks such as marketing and placing advertisements, maintaining escrow accounts, supervising salespersons and associate brokers, and understanding real estate license law. Associate brokers have their broker license but may not wish to own their own business, so they will work under a licensed real estate broker.
How Much Commission Does A Broker Make in NY?
According to ZipRecruiter, they have recorded NY Real Estate Broker salaries ranging between $71,100 to $136,200 in 2024. Top earners are reportedly making $162,464 annually in New York. The overall average salary is reported at $97,342.
Is It Better To Be A Broker Or Agent?
Have you worked as an NY Salesperson for a while, and now wonder if you should become a real estate broker in New York?
Working as a licensed real estate broker may be the next step up in your real estate career. It may be an obvious choice of career path if you love real estate and want to realize your career’s full potential. Once you get your broker license, you will be able to do more of what you love and with fewer of the restrictions that you currently have while working as a licensed salesperson.
However, getting a broker license is not the right choice for everyone. Some agents choose not to be a broker. Not because they can’t do the job but because of the greater responsibility that a licensed real estate broker has. Working as a broker and managing people can be stressful and exhausting. That is why some people choose to work as agents, while others who possess great management qualities choose to become a real estate broker.
Does A Real Estate Broker Make More Than An Agent?
One of the biggest pros of getting your broker license is uncapping your earning potential. It is true that when working as a salesperson, you can increase your earnings by selling more, but by getting your broker license, you can earn a higher commission. You can work for yourself as an agent broker, meaning you can keep 100% of the commission you earn. Alternatively, you can work as an associate broker, where you still represent clients but with the added reputation of being a broker. Therefore, you can negotiate higher commission rates and collect desk fees from your agents, providing additional reliable income.
We hope our guide has provided you with all the information you need! Please feel free to contact us if you need further information.
30 Days Limited Money Back Guarantee Policy
If you decide you’re not 100% satisfied within the First 30 Days of your initial purchase, simply contact us by email and request a cancellation and full refund. You will receive a full refund of your purchase price. If the final exam has been taken, a refund can not be issued. The Real Estate Exam Prep Master and the Exam Prep Math, if purchased separately are not refundable.
Course Duration
The course is active for six months from the date of purchase. We offer the 7th month for free if needed. If your course has been active for 7 months or more, you can purchase one-month extensions. It is possible to have the course extended by up to one year by purchasing monthly extensions online.
Customer Support: Call us at (877) 331-6235 or Contact us by Email
If we can assist you with Technical Support, General License Inquiries or Questions about Course Material please contact us.
Questions about course material: An Instructor is available Monday through Friday a week from 9 am to 7 pm (EST)
Technical Support or any other questions: Our office staff are available Monday through Friday a week from 9 am to 7 pm (EST)
We do our best to reply promptly to emails on Weekends
*Except for Major Holidays
Join Over 100,000 Students Enroll With MLS Campus now
Become Part of MLS Campus School to Further Your Career.