If you’re a New York real estate agent or broker, it is essential to know how to renew your license. Your license expires every two years and continuing education credits must be completed in order to maintain it.
NY State requires a total of 22.5 hours of continuing education for every license renewal. These can be fulfilled through many real estate schools in NY with individual courses or by taking advantage of complete CE course packages.
How to Renew Your New York Real Estate License
Renewing your New York real estate license is a necessary step to stay active in the industry. To stay compliant with state requirements and deadlines, ensure you have all necessary education and paperwork ready.
In New York, salespersons must complete 22.5 hours of continuing education within two years to renew their licenses. These educational hours must cover Fair Housing and discrimination when selling or renting real property or an interest therein, with at least one hour being agency-focused.
Brokers must also meet these 22.5 CE credit requirements. This includes 2.5 hours of ethical business practices and one hour on recent legal matters topics.
NYS recently implemented a requirement that all salespersons and brokers complete implicit bias awareness and cultural competency training as part of their continuing education requirements. These two hours of instruction must be completed in order to renew your licenses.
To guarantee you meet your continuing education obligations, start early and take courses that will keep up with industry developments. For instance, many Empire Learning New York packages include on-demand 22.5 CE credits.
New York Real Estate License Renewal Cost
The cost to renew your real estate license in New York is $65. If you don’t renew on time, the late penalty fee is $200. For brokers, the fee is $185 with the same $200 late penalty fee. This does not include the cost of your continuing education courses.
New York Real Estate Continuing Education
As a real estate professional in New York State, you must complete at least 22.5 hours of continuing education courses every two years to maintain your license. These classes ensure you remain up to date on all laws and regulations related to the industry.
AceableAgent
Some schools provide both classroom and online learning options to make it easier to meet your CE requirements. For instance, AceableAgent provides a selection of real estate courses for both sales and broker licensing in a virtual classroom setting.
WebCE
Another option is WebCE, which offers a user-friendly platform with video lessons from experienced real estate experts. These tutorials cover everything from condo bylaws and co-op rules to temporary rentals in New York – giving you valuable insights into the marketplace there.
Kaplan
Kaplan is an accredited real estate school that excels at imparting the knowledge needed for success in this industry. Their Career Launcher Package is ideal for new agents looking to break into the field and acquire the essential skillsets needed for success.
NYREI
NYREI has a distinguished real estate school that recruits only top professionals to teach its classes. These instructors guarantee that the information presented in their courses is based on real-life experiences and situations.
New York Active Real Estate License Renewal
When renewing your New York real estate license, you must complete the mandatory continuing education coursework. As in most states, New York real estate licensees are required to take at least 12 hours of CE every two years in order to keep their license active.
If you’re a salesperson or broker, 360training has many CE courses to help keep you current on current topics and consumer protection laws. Utilizing these courses to fulfill core course requirements can save time and money in the long run.
In addition to the mandatory 22.5 continuing education hours, New York licensees must also pass the NAR 4-hour mandatory Ethics course. We offer this course online; however, if you prefer using a textbook as part of your coursework, you may need to complete a home study option.
Inactive New York Real Estate License
If you’ve put off renewing your New York real estate license for any reason, it is possible to get back up and running – you need to take some initial steps in the right direction.
Checking your status as a license holder in New York State is simple with eAccessNY, an online portal available to everyone who uses the Division of Licensing Services website. It provides secure and password-protected access to any license issued by the state of New York.
If your license in New York has an “inactive” status, that means you haven’t completed the continuing education requirements to remain licensed. This can be a frustrating situation if you’re currently employed in this field and want to restore your license status.
To reactivate your inactive New York real estate license, you’ll need to complete 12 hours of post-licensure continuing education approved by the Commission. These hours can be completed either in a classroom setting or online.
Once you’ve completed your CE, remember to submit the renewal form with all necessary fees and payment by the renewal deadline. Otherwise, your license will remain inactive status and won’t allow you to work as a licensed real estate agent until reactivation takes place.
Even if your license has been inactive for two years, reactivating it is still possible. While the process isn’t quite the same as getting it the first time around, it’s simpler than you might think.
