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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 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.ny.gov/licensing/

Age Requirement:

Applicants must be at least 20 years of age.

Examination Description:

Written (must pass a written examination before filing an application)

Fees: (as of August 1, 2012)

  • $15 -- Written examination
  • $150 -- License, 2-year term

Licenses Issued and Active:

From January 1, 2011 to December 31, 2011, there were 26,456 licenses issued for this occupation.
As of June 29, 2012, there were 52,414 active licenses outstanding for this occupation.

Licensing Authority:

New York State Department of State
Division of Licensing Services
One Commerce Plaza
99 Washington Avenue
P.O. Box 22001
Albany, New York 12201-2001
Phone: (518) 474-4429
Fax: (518) 473-6648

Standard Occupational Classification:

41-9021 - Real Estate Brokers
To learn more about this occupation search 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

Disclaimer:

Fees stated and other information contained in this report are subject to change. Please contact the licensing authority listed above for the most current information.

This page was last updated on 8/3/12.

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