Careers in real estate are characterized by flexibility since they involve setting individual goals and creating personalized schedules for meeting those goals. The earnings received are relatively equivalent to the effort that has been put in. Becoming a real estate agent is one of the first steps of getting into the world of real estate. This article will provide you with a guideline on how to become part of real estate in New York, a state that is full of wealth and remarkable profits in real estate.
Getting licensed for careers in real estate in New York
Unlike what most people think, it is not very difficult to get licensed to pursue various careers in real estate in New York. All that you need to do is to ensure that you meet all the laid down criteria mentioned below to get licensed to become a professional real estate agent.
For one, applicants must be 18 years of age and above to start careers in real estate in New York. They must also be legally residing in United States. Also, applicants must have clean background checks- they must not have been convicted of any crime in any state of the US. However, this rule can be bypassed in some instances.
Careers in real estate in New York cannot be obtained without supporting educational qualifications. To be licensed, applicants must have successfully completed 75 hours of official coursework. This number of hours was put into effect from July 1, 2008, prior to which only 45 hours were adequate to meet the requirement. People who received licensing with only 45 hours of coursework (before July 2008) can take an additional 30 hours of remedial courses to meet the present requirement for being licensed to pursue careers in real estate in New York.
Exceptions in the case of a degree
For people who have pursued a degree in real estate as a way of taking up various careers in real estate are exempted from the 75-hour coursework requirement. To obtain this exception, applicants must provide proof of having taken and passed all the courses offered for the college degree. In such cases, it is mandatory to have a 75-hour attendance rate for the courses.
After completing the 75-hour course requirement, all applicants for careers in real estate in New York must pass a qualifying exam (written exam) offered by the state department. The state charges an examination fee of
Applying for a real estate license
Once applicants meet the qualifying criteria and successfully complete all the educational and examination requirements in New York, they may apply for licensing for various careers in real estate. The state charges $50 for a two year license in real estate. In addition, the real estate agents are required to work under the supervision or sponsorship of a New York licensed real estate broker.
Pursuing various careers in real estate in New York requires appropriate licensing. The eligibility criteria for getting this licensing are summarized below:
* Must be 18 years or over
* Legal US resident
* Have no criminal record
* Successfully completed 75 hours of relevant coursework
* Passed the state department’s examination