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New York State Real Estate Licensing Exam Information

New York State Real Estate Licensing Exam
In this article

Initiating a career in New York State’s real estate sector is a thrilling path that commences with acquiring the necessary license. The New York State Real Estate Licensing Exam is a crucial part of this procedure. This extensive exam verifies your comprehension of real estate regulations and principles, guaranteeing that all licensed agents possess the required expertise to efficiently assist their clients.

To prepare for the exam, finding the right educational partner is essential. Corofy Real Estate School stands out as an entirely online institution, providing you with the flexibility to study at your pace, anytime and anywhere. The school prides itself on delivering high-quality education at an affordable price, emphasizing value and convenience without compromising on the learning experience. Testimonials from satisfied students often highlight Corofy’s comprehensive curriculum and supportive learning environment, citing these as instrumental in their successful exam preparation.

Key Takeaways

  • Pursuing a New York State real estate license requires passing a comprehensive exam.
  • Quality education for aspiring real estate professionals should be flexible to accommodate different learning styles.
  • Satisfied learners often acknowledge the effectiveness of comprehensive educational programs in their successful exam preparation.

Furthermore, as reciprocity policies can vary widely, staying informed of the current agreements will position you well for a multi-state practice, potentially broadening your client base and business reach.

What Is On The New York Real Estate Exam?

The New York Real Estate Exam is a comprehensive assessment required to obtain a real estate license in the state of New York. The exam tests your knowledge in various key areas imperative for a successful real estate career. Here’s what you can expect on the exam:

  • Legal Aspects: Understanding of state-specific real estate laws, including property ownership, land use regulations, and agent conduct.
  • Principles of Real Estate: Basic principles such as property valuation, market analysis, and types of property.
  • Real Estate Practices: Day-to-day tasks of a real estate agent, including listing and selling property, as well as working with buyers and sellers to facilitate transactions.
  • Financing: Knowledge of different types of mortgage loans, as well as other financial aspects related to real estate transactions.
  • Math Calculations: Competence in performing real estate math calculations, such as computing commission rates, prorating taxes, and understanding loan terms.

It’s important to be well-prepared, as the exam not only serves as a gateway to your career in real estate but also ensures you have the necessary expertise to protect and effectively serve the public in real estate transactions.

How Much Does It Cost To Take The Real Estate Exam In NY?

The cost of taking the New York Real Estate Salesperson Exam is multifaceted. The New York State Division of Licensing Services charges an exam fee of $15, which is paid directly when you schedule your exam.

Beyond the exam fee, you need to account for the pre-licensing education requirement. You’re required to complete a 77-hour pre-licensing course from an accredited institution. 

Here’s a basic cost breakdown:

  • Pre-licensing Course: Prices vary, with Corofy offering competitive rates starting at around $179.
  • State Exam Fee: A flat rate of $15 paid to the state.
  • License Application Fee: After passing the exam, a $55 fee for your license application is necessary.

Additional expenses may include:

  • Textbooks or Study Materials: These can vary in price, but they are typically included as part of the course package.
  • Background Check and Fingerprinting: These costs can be up to $100.

It’s crucial to note that attending a comprehensive real estate education program can streamline your studying process with a layout that’s easy to navigate and information that’s presented in a clear, concise manner. By choosing such a program, you invest not only in the necessary education but also in a platform recognized for its role in facilitating successful exam completion and entry into the real estate market.

How To Apply For The Salesperson Exam

Before you can embark on your career as a real estate salesperson, scheduling and passing the New York State Department of State Real Estate Salesperson Licensing Exam is a crucial step. Ensure all the prerequisites are met before scheduling your exam.

Can I Take The Final Exam From Home?

New York has specific requirements when it comes to taking the final real estate salesperson exam. Currently, you cannot take the final state licensing exam from home. The New York State Department of State mandates that this exam must be taken at an official exam site.

Here are the key points regarding the final exam:

  • The final state exam must be taken in-person at a designated location.
  • Pre-license education exams provided by education companies are different from the final state exam.
  • Proctoring is mandatory, meaning the final exam must be supervised to maintain integrity.

For your pre-license education exam:

  • Some schools may offer the pre-license test online, but this is separate from the state exam and may have different requirements.

To find your nearest official exam site, you can visit the Real Estate Salesperson Exam Sites page provided by the Department of State.

Remember to arrive on time for your exam as late admission is strictly not permitted. And ensure you have met all other prerequisites, such as completing your 77 hours of approved real estate education, before scheduling your state exam.

Being aware of these requirements will help you plan appropriately and fulfill the necessary steps to earn your real estate license in New York.

How To Schedule The NYS Department of State Real Estate Salesperson Licensing Exam

To schedule your licensing exam, follow these steps:

  1. Complete the Required Education: Make sure you have completed a total of 77 hours of salesperson qualifying education. This includes a minimum of 77 hours of salesperson qualifying courses plus a 2-hour course on Fair Housing and/or implicit bias training.
  2. Proctored Examination: Successfully pass the school-administered proctored exam. This is a requirement in addition to the state exam.
  3. Application: Once your education is complete, submit a completed application along with the required fee to schedule your exam. You’ll be required to be at least 18 years of age and need to be sponsored by a licensed New York State real estate broker.
  4. Scheduling:
    • Register or log in to the eAccessNY online system. This is the Department of State’s online licensing system.
    • Look for the option to schedule an exam and choose the Real Estate Salesperson Exam. Pick a date and location that is convenient for you.
  5. Fees: Ensure you have the $15 exam fee ready to be paid online when you schedule your exam.

Following these steps will place you on track for obtaining your Real Estate Salesperson license in New York. Remember, once you pass the exam, you’ll be well on your way to a rewarding career in real estate.

Where Can I Take The NY State Real Estate Exam?

When preparing to become a licensed real estate agent in New York, you’ll need to pass the state’s official licensing exam. Fortunately, New York State offers multiple exam sites across various locations, making it convenient for candidates in different regions.

In case of severe weather or emergencies that may impact exam schedules, it is advised to check updates on social media and avoid contacting the exam site directly. For immediate assistance, the Division of Licensing Services in Albany is reachable at 518-474-4429.

Here are some of the locations where you can take the exam:

  • ALBANY: Alfred E. Smith State Office Building, 80 South Swan Street
  • BINGHAMTON: State Office Building, 44 Hawley Street, 15th Floor
  • BUFFALO: State Office Building, 295 Main Street, 8th Floor
  • FRANKLIN SQUARE: VFW Hall, 68 Lincoln Road, Basement
  • HAUPPAUGE: Perry Duryea State Office Building, Basement Conference Room, 250 Veterans Memorial Highway
  • NEW YORK CITY: 123 William Street, 2nd Floor
  • PLATTSBURGH: Clinton Community College, George Moore Building, 136 Clinton Point Drive, Room 105M
  • POMONA: Rockland Country Fire Training Center, 35 Firemen’s Memorial Drive
  • ROCHESTER: Finger Lakes DDSO, 620 Westfall Road
  • SYRACUSE: State Office Building
  • UTICA: State Office Building, 207 Genesee Street, 1st Floor, Room 107

Remember, no one will be admitted to the examination after the start time specified. It is essential that you arrive early to ensure you have ample time to settle in for the exam.

What Should You Expect On The Day Of Your Test?

On test day, you should be prepared to engage with a variety of questions that encompass both state-specific and national real estate knowledge. Organize your time and mind for an intense examination experience.

How Long Is The NY Real Estate Exam?

The New York Real Estate Salesperson exam is designed to be completed within a time frame of 90 minutes. Make sure to manage your time efficiently to answer all questions.

How Many Questions Is The NY Salesperson Exam?

The exam consists of 77 multiple-choice questions. These cover a range of topics to assess your readiness to act as a real estate salesperson in New York.

Is There Math On The NYS Real Estate Exam?

Yes, you can expect mathematical questions as part of the NY Real Estate Exam. These math questions pertain to real estate principles such as appraisal, mortgage calculation, and other numerical aspects relevant to the field.

How Long Does It Take To Get My Real Estate Exam Results?

Results are typically made available within a couple of days after taking the exam. Be sure to check with the testing center or the official New York State website for the most accurate timeline.

Do My Real Estate State Exam Results Expire?

Exam results are valid for a period of two years after the test date. If you fail to apply for your license within this time frame, you will need to retake the exam.

What To Bring To Real Estate Exam?

When preparing for your New York State Real Estate Salesperson Exam, it is essential to know what items are necessary to bring with you on examination day. This ensures a smooth testing experience.

What Is Not Allowed On Examination Day

Not Permitted:

  • Electronic Devices: Mobile phones, smartwatches, calculators (unless specified as allowed), or any other electronic communication devices.
  • Personal Items: Bags, purses, coats, and hats.
  • Study Materials: Books, notes, review papers, or other testing aids.
  • Food/Drink: Snacks, drinks, or any consumable items, barring medical necessities.

Remember: Arrive with required items only and leave prohibited objects at home or secured elsewhere, as storage options may not be available at the testing center. Proper identification is crucial, typically a government-issued ID, to verify your identity against your exam admission notice. Double-check the specific requirements for your exam venue prior to arrival, as guidelines may vary.

How Do You Pass The New York Real Estate Exam?

To pass the New York Real Estate Exam, you must follow a series of steps designed to ensure that you have the requisite knowledge and skills. Firstly, make sure to complete the mandatory 77 hours of pre-licensing education from an approved provider. Corofy Real Estate School, a fully online institution, offers this education allowing you to learn at your own pace.

Study diligently for the exam, as it consists of 75 multiple-choice questions covering a range of topics relevant to real estate in New York. These topics include property ownership, land use controls, regulations, and property valuation. Practice exams are an invaluable resource for preparation.

Budget your time on the exam day, as the New York Real Estate Salesperson Exam requires a passing score of at least 70%:

Exam Component

Time Management

Number of Questions: 75

Limit per Question: ~1.2 minutes

Passing Score: 70%

Total Exam Time: 90 minutes

Utilize resources that can offer affordable education with a focus on quality to prepare for the exam. Such educational programs not only fulfill these criteria but also have received positive feedback from participants for the excellent value they provide.

“The course flexibility and thorough materials helped me pass on the first try!” – Jane S., a Corofy alumnus.

Remember, passing the exam is a testament to your dedication and understanding of real estate principles. With the right preparation through a trusted educational program, obtaining your New York real estate license is an achievable goal.

How Long Does It Take To Study For NYS Real Estate Exam?

When preparing for the New York State (NYS) Real Estate Exam, the time investment can vary based on your prior knowledge, learning pace, and daily commitments. However, New York State mandates 77 hours of pre-licensing education, which is the minimum timeframe you should expect to dedicate to studying.

At an entirely online real estate educational platform, you can spread these hours over a period that works with your schedule, making it convenient for those juggling work or family obligations. Since the course is self-paced, you may complete the course more quickly if you can dedicate more time each day to your studies.

  • For a full-time student, approximately two to four weeks could be sufficient if studying is treated as a full-time job.
  • For a part-time student, it might take a couple of months to comfortably cover all the necessary material.

By choosing a reputable real estate education program, you’re not just getting flexibility but also affordability. The quality education is priced to offer you excellent value, which is evidenced by the testimonials from successful participants. Their positive remarks affirm the program’s reputation as an outstanding learning environment, steeped in practical and theoretical knowledge essential for passing the NYS Real Estate Exam.

In summary, the exact study duration is flexible; it’s about finding the right program that accommodates your learning style and schedule. Consider an option that allows you to optimize your study time effectively, especially if time is a precious commodity.

Is The NYS Real Estate Exam On A Computer Or Paper?

When preparing to take the New York State Real Estate Exam, it’s essential to know the format of the exam. The NYS Real Estate Exam is administered electronically on a computer. This means that when you sit for the exam, you’ll be doing so at a designated testing center, where you will provide your answers through a computer interface.

  • Computer-Based Format: You will be answering multiple-choice questions using a computer at a testing center.
  • Duration: The time allowed for the exam is usually 90 minutes.
  • Number of Questions: The exam typically consists of 75 questions.

To register for the exam, you must create an account with the Department of State’s online portal, eAccessNY. Through this portal, you can apply for the exam, schedule your exam date, and view your results once they are available.

Remember, to advance your career in real estate, passing the New York State Real Estate Exam is a vital step, and being familiar with the exam’s administration format is crucial. As you embark on this journey, consider that a dedicated real estate education program could be a partner in your success, offering resources to confidently approach the computer-based exam.

Do I Need A Sponsoring Broker To Take The NYS Real Estate Exam?

To take the New York State (NYS) Real Estate Exam, you do not need a sponsoring broker. The requirement for a broker sponsor comes after you have passed the exam, when you’re ready to apply for your real estate salesperson license.

Here’s the process for your clarity:

  • Complete the required education: Before taking the exam, complete the mandatory 77-hour pre-licensing course.
  • Pass the exam: Sit for and pass the NYS Real Estate Salesperson examination.
  • Find a sponsoring broker: After passing the exam, find a licensed NYS real estate broker to sponsor you.

Many prospective agents worry about finding a broker, but Corofy Real Estate School, an entirely online real estate school, can assist in navigating these steps. Their students enjoy the flexibility to progress through courses at their own pace, which is especially beneficial if you have a busy schedule or other commitments.

Remember, while the exam is your gateway to a real estate career in New York, the relationship with your sponsoring broker is pivotal for your long-term success. So, while you focus on acing the exam, keep in mind that finding a supportive broker is your next strategic move.

How Many Times Can You Take The New York State Real Estate Exam?

In New York State, you have the flexibility to take the real estate licensing exam multiple times if necessary. Understanding the specific process can help you better prepare for rescheduling your exam attempts.

How To Reschedule Real Estate Exam?

If you need to reschedule your real estate exam, you can do so by arranging a new exam online through an accredited service. For example, choose a real estate school that offers this inclusion allowing you to progress at a pace that suits your schedule. Scheduling your exam is straightforward and can be completed online or by contacting the service directly.

Students often find value in the ability of educational programs to accommodate re-examination without hassle, thanks to their well-shaped

Frequently Asked Questions

In preparing for the New York State real estate licensing exam, it’s crucial to understand the requirements, registration process, exam content, and related logistics. Let’s explore your common questions.

What are the eligibility requirements to take the New York State real estate licensing exam?

To sit for the exam, you must complete 77 hours of pre-licensing education. You’ll also need to be sponsored by a licensed New York Real Estate Broker and have a current NYS photo driver’s license or non-driver ID card.

How can I register for the New York real estate licensing exam?

Registering for the exam involves completing your education requirement, then signing up through an online portal provided by the New York State Department of State Division of Licensing Services.

What topics are covered on the New York State real estate license examination?

The exam covers topics integral to the practice of real estate in New York, including property ownership, land use regulations, agency, contracts, and real estate finance.

How Long Does It Take To Get NY State Real Estate Exam Results?

The waiting period for exam results varies, but you typically receive your results immediately after finishing the computer-based test or within a few weeks for written examinations.

How Do I Pay For The State Licensing Exam?

Payment for the state licensing exam is processed through the online portal at the time of registration, using accepted methods of payment specified by the New York Department of State.

Where can I find practice tests for the New York State real estate exam?

Practice tests are available through various sources including Corofy Real Estate School, a leading online institution offering comprehensive resources tailored to success on the New York State real estate exam.

Who is Corofy?

Before being a school, Corofy is a community. Our founder, Eddy Boccara, started his real estate career as a real estate salesperson looking for a side hustle.

Since then, he’s had a passion for New York real estate and specifically the talented individuals that take the leap to get their real estate license and help this industry progress.

Eddy created Corofy with one goal in mind: to provide people with quality real estate education that actually helps them build a career they can be proud of.

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