The USA is home to millions of real estate licenses that are active. Being an agent can be a very lucrative job, and generally allows a lot more freedom than other jobs. One of the most popular places to become and work as an agent is New York.
But how can you go about being a real estate agent in New York? Well, if that is something you are wondering, you’ve come to the right place. This article is going to go through a few of the most important steps you need to think about if you want to begin a career in New York as a real estate agent.
Complete Your Courses
The first part of the process is to complete your real estate courses. In order to sit for the exam, individuals need to complete 75 hours of coursework. This coursework will cover a variety of different topics from agency relationships, to license law rules and regulations, and many more.
There are great online real estate courses to consider checking out, and you have plenty of options, so simply choose the one that is best suited for you. All accredited schools and institutions will teach the same material in general, but some may offer additional resources and courses on top of those that are required.
Take the Licensing Exam
Once you have taken your courses and have studied up enough, it is time to take the exam. The exam will consist of 75 multiple choice questions on many of the topics and ideas covered in your coursework, so take your time to study diligently. You will normally have an hour and a half to complete the test.
You must pass this exam with at least a 70% grade in order for it to be deemed a success. Also, be sure to know your exam site, and ensure you get there on time, as it’s not a good look to show up late or miss your test entirely.
It is important to note that coursework completions are only valid for 8 years, so be sure to take your exam before those courses are invalidated.
Get Sponsored By a Licensed Real Estate Broker in New York
Another part of the process of becoming a real estate agent in New York is to be sponsored by a licensed real estate broker in New York. As a result, you need to find someone who you want as your mentor, and someone willing to take you on. You should look for a sponsoring broker who has a good reputation, who supports their agents, who offer benefits, and if there is room to grow at all within the brokerage.
Sure, things like the commission split are important, but you generally want to work with someone who can show you the ropes and get your career off to the best start possible. Once you have passed the exam and have a sponsored real estate broker, you can complete your application and are on your way to becoming a real estate agent in the state of New York.
In conclusion, we hope these tips have been able to help you start up a career as a real estate agent in New York.