Real Estate Broker
Description:
A real estate broker facilitates the purchase and sale of property on behalf of customers (buyers) and clients (sellers). The broker frequently employs real estate sales representatives. Real estate brokers can be general or specialize in commercial, industrial, residential, construction/new development.
Licensing Requirements:
A broker applicant must be a licensed real estate salesperson with at least 2 years full-time experience under the supervision of a licensed broker (full time is defined as 35 hours per week for 100 weeks, or 3,500 points) or have equivalent experience of at least 3 years of full-time active participation in the general real estate business. The applicant must also successfully complete a 120-hours of education approved by the Secretary of State of New York. A continuing education requirement must be met every 2 years. In addition, an applicant must be of good moral character. The latest information and requirements for licensure are available on the New York State Department of State website at:
http://www.dos.state.ny.us/lcns/realestate/index.html
Age Requirement:
Applicants must be at least 20 years of age.
Examination Description:
Written (must pass a written examination before filing an application)
Fees:
- $15 -- Written examination
- $150 -- License, 2-year term
Licenses Issued and Active:
From January 1, 2009 to December 31, 2009, there were 27,758 licenses issued for this occupation.
As of June 25, 2010, there were 55,162 active licenses outstanding for this occupation.
Licensing Authority:
New York State Department of State
Division of Licensing Services
Alfred E. Smith Office Builing
80 S. Swan Street, 10th floor
P.O. Box 22001
Albany, New York 12201-2001
Phone: (518) 474-4429
Fax: (518) 473-6648
E-mail: licensing@dos.state.ny.us
Standard Occupational Classification:
41-9021 - Real Estate Brokers
To learn more about this occupation go to the Occupational Information Network (O*Net).
Additional Information:
New York State Association of Realtors, Inc.
130 Washington Avenue
Albany, New York 12203
Phone: (518) 463-0300