Stand out from thousands of other real estate agents by pursuing your New York real estate broker license. Having a New York real estate broker license can not only help you attract high-end clients, but it will also open up additional streams of revenue that are unavailable to agents.
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How to Get a New York Real Estate Broker License
Complete the 75-Hour NY Real Estate Broker License Course
pass the new york real estate broker exam
Complete the NY Real Estate Broker Application
We help you improve your career by sharing how to earn your NY Real Estate Broker License. We’ll share the prerequisites—which include a combination of years in the industry and “experience points”—and then we’ll walk you through the steps you’ll need to take to become a NY real estate broker in 2023.
What are the Experience Requirements?
Before you can begin pursuing your New York real estate broker license, you must meet these minimum qualifications:
- be at least 20 years old
- You must have a current New York State driver’s license or non-driver identification card
If you already have your real estate license in New York, you will need to complete the following:
- Two years’ experience as a licensed real estate salesperson in New York State
- 3,500 experience points based on your previous work in the field (special listings, sales, leasing, etc.)
- 75 Hour Broker Course
By December 2022, all broker applicants must have completed a total of 152 hours of approved qualifying education. This means that even if you only took the 77-hour agent pre-licensing classes and the 45-hour broker education module, you will still need to complete at least 30 hours of broker remedial courses.
If you are not a licensed agent in New York State, You may still be eligible to become a broker If you can prove at least three years’ experience in the “general real estate sector”. Your experience may include, for example, buying and selling your own properties, managing property owned by your employer, etc.
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If you do not have a real estate agent license in New York but have applicable experience, you will need to:
- Complete the 77-hour pre-licensing course required of any New York real estate salesperson
- Complete the required 75 hours of coursework to qualify as a New York real estate broker
- Have earned at least 5,250 experience points based on your previous work in the field
Attorneys admitted to the New York State Bar are exempt from the curriculum, experience, and examination requirements. They can get NY real estate broker license by filling out the application. See the Frequently Asked Questions section for questions about state-by-state reciprocity with New York.
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New York Real Estate Governing Board:
New York State Real Estate Board
School
Education Requirements:
75 hours
School
Education Cost:
$419 (via Colibri Real Estate)
import contacts
Broker Written Exam Fee:
$15
inventory
License Application:
$185
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Total Estimated Cost:
$619
How Much Does It Cost To Get A Real Estate Broker License In New York?
It costs no more than $600 to get your New York real estate broker license, which includes required courses and application and exam fees. Here’s a breakdown of the cost.
new york real estate broker license cost
| Classes (45 h) | $419 (via Colibri Real Estate) |
| Application | $185 |
| Written exam | $15 |
| total cost | $619 |
(Cost of New York Real Estate Broker License as of March 2023)
Complete your New York Real Estate Broker License course in as little as two weeks with Colibri Real Estate!
How to Get a New York Real Estate Broker License
Do you meet the requirements set out above? Next, you’ll learn how to get your New York real estate broker license and take your career to the next level.
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1. Complete a 75-Hour NY Real Estate Broker License Course
Cost: Minimum $419 with Colibri Real Estate
time commitment: 3-4 weeks
To become a real estate broker in New York, you must complete a 75-hour course through one of approximately 60 state-approved schools. If you liked the school where you did your salesperson prelicensing course, you should consider taking your broker course with them as well. If not, we recommend Colibri Real Estate’s high-quality online courses that are ideal for a busy Realtor’s schedule. The company’s website and user interface make it easy for students to stay focused on the content.
Colibri Real Estate’s Broker Basics package includes a 75-hour broker course, eBooks and state-approved instructor support.
Take a step towards becoming a NY real estate broker and sign up for Colibri Real Estate’s courses today!
2. Pass the NY Real Estate Broker Exam
Schedule
Completion Time:
2.5 hours
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Bring to the test center:
A government-issued photo ID with your signature and submission page from eAccessNY
Once you have completed the NY Real Estate Broker course requirements, you will need to create or log in to your eAccessNY account. Through this account, you will be able to schedule your New York real estate broker exam and later, receive your exam results.
Real estate test sites are located in the following cities:
- Albany
- binghamton
- Buffalo
- Franklin Square
- hauppauge
- New York City
- Plattsburgh
- Pomona
- rochester
- Syracuse
- Utica
To sit for the test, you must present a form of current government-issued photo ID with a signature at the test site. You must also submit the submission page from your eAccessNY account (including test information and candidate number).
You may use a basic, non-programmable calculator during the test, but not your cell phone. All other electronic devices must be turned off, and dictionaries and other reference materials are not allowed in the test site.
Your results will be available online through your eAccessNY account once the test is graded. However, you will not receive a numerical score. If you fail the test, you can reschedule through your eAccessNY account. If you pass, it’s on to the next step!
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Real Estate Broker Versus Agent: A Head-to-Head Analysis
3. Complete the NY Real Estate Broker License Application
Cost: $185
time commitment: 2-3 hours
Congratulations are in order! Now that you’ve passed the New York Real Estate Broker License Exam, you can start filling out real estate broker applications right away through your eAccessNY account. You will need to give some personal details and answer yes or no questions about any criminal history you may have.
Felony convictions do not automatically bar applicants from obtaining a NY real estate broker license. If this applies to you, you must submit a written explanation, a copy of the court record detailing the allegations and a record of how the matter was resolved, with your application.
You must also include a copy of your course completion certificate, your Licensed Salesperson Activity Worksheet (to report your experience points) and your Licensed Salesperson Employment Worksheet (to document your work experience) .
The application also provides a space to register your company name. If you are opening a new brokerage, you will need to complete additional paperwork with the state before completing the broker license application. First, you will submit the business name you wish to use to the Division of Licensing Services. Once approved, you must register the new name with either your local county clerk’s office or the New York State Department of Corporations.
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Is New York Broker License Worth Pursuing? (and other frequently asked questions)
We’ve outlined how to get your New York real estate broker license, but maybe you’re wondering whether it’s worth the hassle to get it. We’ll discuss this and some frequently asked questions about the time commitment, level of difficulty, and financial rewards of pursuing a New York real estate broker license. If you have more questions, please leave them in the comment section.
Should I Get My Broker’s License in New York?
While it may seem like there is a financial advantage to earning your New York real estate broker license, there are a few important things to keep in mind.
If you plan to open your own brokerage, you will be able to collect desk fees and a portion of the commission from the real estate agents working under you. On the other hand, you will have additional expenses and responsibilities that come with operating your own business.
Instead of opening your own brokerage, you can take on the role of a Managing Broker in an existing brokerage. In this leadership role, you can oversee the transactions of the salespeople working under you in exchange for a percentage of your commission.
Of course, some agents only get their broker license so they can work independently without having to find a brokerage for an affiliation. But even if you don’t have other agents working under you, you are still assuming more liability than you would have as an agent.
Learn more about broker income and expenses by reading Real Estate Brokers Versus Agents: A Head-to-Head Analysis.
How much do real estate brokers in NY earn?
According to the Bureau of Labor Statistics, as of May 2020, the median income for a broker in New York State was $111,120. However, those working in New York City earned slightly more, with median income reported at $134,770. For comparison purposes, it is interesting to note that real estate agents report a median income of $102,200 statewide and $98,580 in the NY metro area.
The real estate market was booming in 2020 and 2021, when the BLS last reported earnings data. But with rising interest rates and decreasing affordability, the real estate market began to slow down. The fact shows that brokers in NY state who self-reported their income on the jobs website earn $88,647, and in New York City they earn $101,636 (as of this writing). We eagerly await an official update on the BLS data.
How Long Does It Take To Become A Real Estate Broker In New York?
Becoming a real estate broker in New York takes one to two months if you are a fully licensed real estate agent with all of your experience points.
You may be able to complete a 75-hour NY real estate broker course in just one month. However, if you are currently working as a real estate agent, you will have to take your classes in your spare time, which can be challenging.
That’s why we recommend that you complete your NY real estate broker license requirements with an online school like Colibri Real Estate. You can complete the required class hours from the comfort of your home as per your busy schedule.
How Much Does It Cost To Get A Broker License In New York?
It costs around $619 to get your broker license in New York. This includes the cost of coursework and the application and exam fees.
While there are many affordable NY real estate broker license courses online, we recommend Colibri Real Estate’s Broker Basics package.
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