NEW YORK REAL ESTATE LICENSE RENEWAL REQUIREMENTS
Renewal Cycle: 2 Years
Renewal Deadline: Anniversary of initial licensure
CE Requirement: 22.5 hours
Required 1st Renewal: 3 hours Fair Housing and or Discrimination | 2 hours Agency Training
Required Subsequent Renewals: 3 hours Fair Housing and or Discrimination | 1 hour Agency Training
NEW YORK REAL ESTATE RENEWAL FREQUENTLY ASKED QUESTIONS
How Much Does It Cost to Renew my New York Real Estate License?
Salesperson - $50
Broker - $150
Who Submits my Completed New York Continuing Education?
The New York Real Estate Commission does not require students or education providers to submit course completions. Students will have access to a downloadable certificate for their records.
What happens if I do not renew my New York real estate license?
You cannot conduct any real estate activities that require a license. You have two years to renew your license. If you do not renew within two years you will have to retake the state exam, however, you will not have to retake the 75-hour pre-licensing course.
When submitting your new salesperson application you must include your new exam results, your application fee, and a copy of your expired license.
I could not complete my New York real estate continuing education, but I wish to renew my license anyway. Can I apply for an extension?
New York offers an extension in cases of hardship. To apply for an extension you must submit the following, preferably prior to your license expiration:
- A written request for the extension,
- completed renewal form & fee
- Original documentation demonstrating your hardship; i.e., medical documentation.
I have extra New York real estate continuing education credits, can I apply them to the next cycle?
No, New York only accepts continuing education from the current cycle.
Are there any exemptions from New York real estate continuing education?
Yes, license holders who have maintained their license for 15 consecutive years prior to July 1st, 2008, do not have to complete continuing education.
Does New York Have Reciprocity with Any Other State?
- Arkansas – Broker only—two years’ licensure and current. (Business and Residence must be in Arkansas.)
- Colorado - Broker and Associate Broker. Current licensure. (Business and residence addresses must be in Colorado). Colorado Associate Brokers must submit a salesperson application and $50 fee, along with their certification and irrevocable consent form.
- Connecticut – Broker and Sales – current licensure only. (Business and Residence must be in Connecticut
- Georgia – Broker and Sales - current licensure only (business and residence must be in Georgia). Must have obtained their license by passing Georgia exam.
- Massachusetts - Massachusetts Broker only—two years’ licensure and current. (Business and Residence must be in Massachusetts.)
- Mississippi - Broker only—two years’ licensure and current. (Business and Residence must be in Mississippi.)
- Oklahoma - Broker and Sales—two years’ licensure and current. (Business and Residence must be in Oklahoma.)
- Pennsylvania - Pennsylvania Broker and Salesperson —current licensure only. (Business and Residence must be in Pennsylvania)
- West Virginia - West Virginia Broker and Sales—current licensure only. (Business and Residence must be in West Virginia.)
NEW YORK REAL ESTATE LICENSE INITIAL LICENSING
How do I obtain my New York real estate salesperson or broker license?
- Complete a 75-hour salesperson qualifying education course
NOTE: The 75-hour salesperson and 30-hour remedial courses are valid for 8 years past course completion date.
- Find a broker
- Schedule and complete the real estate salesperson exam
- Complete an application for licensure.
Broker: have two years experience as a salesperson or three years experience in general real estate field
- Complete 120 hours of prelicensing education
- 1st complete a 75-hour qualifying salesperson course
- 2nd complete a 45-hour qualifying broker course
- Pass the qualifying examination administered by the Department of State