The first step to take in obtaining your broker/associate broker license is to complete the NYS Brokers 45 Hour Qualifying Course
Dates for the 2017 Broker Course - TBD
Course fee: $325.00
Total Recall study aid available for an additional $32.39 ($29.99+tax)
GSAR members: You can register online through your account for the course. The online study aid Total Recall Learing can be ordered at any time by contacting the education department at firstname.lastname@example.org or 315-457-5979 x 224.
Online Course Fee : Course only - $259; Course with Total Recall Learning Test Prep - $289; 45 Hr Broker + Total Recall + 30 Hr Remedial Package - $479.
NYS Requirements for Licensing as a Broker are:
be at least 20 years of age
complete the Broker's Qualifying course and pass the course exam
if you took the 45 hour Salesperson Course, you are required to complete the 30 hour Remedial Course, in addition to the Broker Course, to meet the 120-hour education requirement for the broker license. You can take the Remedial Course before or after the Broker Course.
pass the NYS broker exam
and have either a minimum of two years experience as a licensed salesperson or three years experience in a related field. (Please check with the NYS Dept. of State as to what constitutes experience and/or a related field at 518-474-4429 or www.dos.state.ny.us )
Who needs a license? According to Article 12-A of the Real Property Law,“anyone who negotiates any form of real estate transaction for another and for compensation of any kind in the State of New York” needs a license.
What is the difference between a Broker and a salesperson? A Broker is the owner or corporate officer of the firm. The Broker sponsors, trains, and supervises all the real estate activities of the agents for which he/she is responsible. A salesperson works for and under the direction of the sponsoring Broker.
What happens if I take the course but am not ready to apply for my license? Your course completion certificates are valid for 8 years so if, at the end of the course, you’re not ready to apply for your license, you must hold on to your certificates until you are ready. Remember, the State exam results are valid for two years.
If I miss a portion of the Qualifying Course what happens? According to the New York Department of State, you must complete 90% of the class time in order to pass the course. In other words, if you miss more than 7.5 hours of the salesperson's class or 4.5 hours of the broker's class, you will automatically fail.