NYU Schack Institute of Real Estate

SALESPERSON’S AND BROKER’S LICENSING AND CONTINUING EDUCATION

LICENSING REQUIREMENTS

Salesperson’s License Requirements:
Potential salespersons must complete the 75-hour New York Real Estate Salesperson’s Course/X61.9503 or X61.9504 before applying for the New York State license. They must also be sponsored by a licensed broker, and pass the state examination. Those who have successfully completed a 45-hour New York State Real Estate Salesperson’s course and do not have the NYS Salesperson’s license must complete the New York Real Estate Salesperson’s Remedial Course/X61.9505 to meet the 75-hour requirement.

Broker’s License Requirements:
Students seeking a broker’s license must complete the 75-hour salesperson’s course (X61.9503 or X61.9504) or have a waiver from the state, and the 45-hour New York Real Estate Broker’s Course/ X61.9601. Additional requirements include experience in the field and passing a state licensing examination. For general information about these courses, call (212) 998-7272.

Attendance Requirements for License Qualifying Courses:
New York State has stringent attendance requirements for the successful completion of the salesperson’s and broker’s licensing courses. To earn a statement of satisfactory completion, students must meet attendance requirements in the lecture portion of each course. For more information, call the New York State Division of Licensing Services at (518) 474-4429, or visit http://www.dos.state.ny.us/lcns/realestate/.

Textbook:
The required text for both the salesperson’s and broker’s courses is Modern Real Estate Practice in New York, 10th edition, by Edith Lank, Dearborn Publishers. Students should purchase the textbook before the first class. Textbooks are available at the NYU Main Bookstore, 18 Washington Place, (212) 998-4667.

EXAMINATION PROCEDURES

Every Tuesday (by reservation), the New York Department of State administers the real estate salesperson’s licensing examination. Applicants for the salesperson’s license must be 18 years of age and have successfully completed an approved 75-hour real estate salesperson’s course, or must complete it within two years after taking the examination. Please visit http://www.dos.state.ny.us/lcns/realestate/ to schedule your New York State exam appointment. You must register for the exam online; seats fill up quickly. We recommend that you schedule your appointment promptly after registering for the NYU course.

LICENSING COURSES

New York State requires two specific license qualifying courses: a 75-hour New York Real Estate Salesperson’s Course/X61.9503 or X61.9504(accelerated) and a 45-hour New York Real Estate Broker’s Course/X61.9601 (accelerated).

CONTINUING EDUCATION

New York State real estate licensees must complete 22.5 hours of approved real estate continuing education every two years prior to the date of license renewal. The 22.5 hours must include at least three hours of instruction pertaining to fair housing and/or discrimination in the sale or rental of real property or an interest in real property. The initials NYCEM in a course description indicate that it is an approved module for the number of hours indicated, and an italicized note in the course description will indicate which courses include the three-hour fair housing requirement.

For further information, call the New York State Division of Licensing Services at (518) 474-4429, or visit http://www.dos.state.ny.us/lcns/realestate/.