In the last article, we covered what to consider when choosing a New York Real Estate License School. The next step toward getting your New York Real Estate License is completing your New York 77-hour Real Estate Course.
The real estate licensing course provides the practical business knowledge and foundation necessary to be a successful real estate salesperson in New York and prepares you to pass the New York State Real Estate Exam.
Read on to learn what to expect and what material is covered in your New York Real Estate Pre-Licensing Course.
What is the New York Real Estate Pre-Licensing Course?
How many hours is the New York real estate course?
The New York real estate license course is 77 hours total, as mandated by New York State law. Each of the topics covered varies in length. Read on to learn more about the course curriculum and how long each individual chapter is.
What are the requirements to complete the New York Real Estate Pre-Licensing Course?
To qualify to take the New York Real Estate Pre-Licensing Course, you will need to meet the following requirements:
- Be at least 18 years old.
- Have a current NYS photo driver’s license or non-driver ID card.
- Have no prior felony or sex offense convictions.
Who is required to take the New York Real Estate Pre-Licensing Course?
Any person interested in getting their New York real estate license must complete the New York real estate pre-licensing course. However, there are a few exceptions. If you meet any of the following requirements, you may not need to complete the 77 hours of pre-licensing education:
- If you have completed the 45-hour salesperson qualifying course prior to July 1, 2008, you may complete the 30-hour remedial course in order to qualify for licensure.
- If you hold a Bachelor’s degree with a major or concentration in real estate.
- If you completed a substantially similar real estate pre-license course in another state.
The New York Department of State has the authority to waive the 77-hour pre-licensing requirement in some cases. If you meet any of the above conditions and think you may not need to complete the 77-hour pre-licensing course, check with the New York Department of State to be sure.
What To Expect In The NY 77-Hour Real Estate Pre-Licensing Course
To get your New York real estate license, you will need to successfully complete 77 hours of real estate pre-licensing education. Here a few things to expect while completing the course:
- Course Timers: The New York Department of State requires that students complete 77 hours of real estate pre-licensing education. There will be timers for each section of the course and the timers must hit 0:00 before you can advance in the course.
- Quizzes: Each lesson of the course will conclude with a Key Terms Review Quiz and Chapter Review quiz to test your knowledge of what you’ve learned. You will need to pass these quizzes with a score of 70% or higher to move on to the next section of the course.
- School Final Exam: Once you’ve completed all of the coursework, you’ll have to pass a final proctored course exam with a minimum score of 70%. The School Final Exam will prepare you for the New York State Exam.
Having trouble choosing a NY real estate course? Click here for Corofy’s complete guide to choosing a New York real estate license course.
What is Covered in the New York Real Estate Pre-Licensing Course?
All New York State-approved real estate courses must follow New York State’s required curriculum, which includes 19 topics. Each topic will include sub-topics, a summary of what you’ve learned in the chapter, and key terms to remember.
Here are a few of the topics the New York 77-hour pre-licensing course will cover:
- The importance of real estate agents, the role they play in society, and the benefits they provide consumers when renting, buying, or selling a property.
- Pressing environmental issues and how real estate works to combat these issues.
- How the real estate investment business works and how to provide superb service to real estate investment clients.
NY 77-Hour Real Estate Pre-Licensing Course Topics
Discover what you’ll learn in New York 77-Hour Real Estate Pre-Licensing Course and how long each topic is.
- Chapter 1 – License Law and Regulations (3 Hours)
Learn about license law and the responsibilities of a licensed real estate salesperson.
- Chapter 2 – Law of Agency (11 Hours)
Learn about the role of real estate brokerages, agency disclosures, and how you’ll earn money as a real estate agent.
- Chapter 3.A – Legal Issues: Part 1 (5.5 Hours)
Learn about the legal issues associated with estates, interests, liens, and easements and how to navigate them as a real estate agent.
- Chapter 3.B – Legal Issues: Part 2 (4.5 Hours)
Learn about the legal issues associated with deeds and title closings and how to navigate them as a real estate agent.
- Chapter 4 – The Contract of Sales and Leases (3 Hours)
Learn about the various types of contracts and leases, standard lease provisions, and how to prepare a contract.
- Chapter 5 – Real Estate Finance (5 Hours)
Learn about the various types of mortgages, lender criteria, and predatory lending practices.
- Chapter 6 – Mortgage Brokerages (1 Hour)
Learn about the role, requirements, and responsibilities of a mortgage broker.
- Chapter 7 – Real Estate Mathematics (1 Hour)
Learn basic real estate mathematics and the various duties as a real estate agent that will require mathematical skills.
- Chapter 8 – Land Use Regulations (3 Hours)
Learn about Planning Boards and Zoning Boards, area planning, and private land use controls.
- Chapter 9 – Municipal Agencies (2 Hours)
Learn about municipal agencies, the function of each agency, and the various agencies a real estate agent will encounter in their work.
- Chapter 10 – Construction and Environmental Issues (5 Hours)
Learn about major contruction and electrical systems and contemporary and longstanding environmental issues.
- Chapter 11 – Valuation Process and Pricing Properties (3 Hours)
Learn about appraisals, valuations, market value, and how properties are priced.
- Chapter 12 – Human Rights and Fair Housing (6 Hours)
Learn about the basic tenets of fair housing, types of discrimination, and the responsibility of a real estate agent in upholding fair housing.
- Chapter 13 – Property Insurance (1 Hour)
Learn about property insurance, it’s purpose, and the real estate agent’s role in explaining property insurance to a home buyer.
- Chapter 14 – Taxes and Assessments (3 Hours)
Learn about how real estate taxes are calculated, the purpose of taxation, and which properties are exempt.
- Chapter 15 – Condominiums and Cooperatives (4 Hours)
Learn about the differences between condominiums and cooperatives and how to assess a buyer’s ability to buy either type of property.
- Chapter 16 – Commercial and Investment Real Estate (10 Hours)
Learn about the various types of investment properties and methods of advertising investment properties.
- Chapter 17 – Income Tax in Real Estate Transactions (3 Hours)
Learn about federal income tax, federal tax rules, capital gains, and tax depreciation.
- Chapter 18 – Property Management (2 Hours)
Learn about the requirements and responsibilities of a property manager and how to become a property manager.
- Chapter 19 – Licensee Safety (1 Hour)
Learn about safety concerns associated with being a real estate agent, how to maintain your safety, and liability issues.
Interested in discovering exactly what you’ll learn in your New York 77-hour pre-licensing course? Click here to view a detailed course curriculum outline.
What happens after I complete the New York Real Estate Pre-Licensing Course?
After you have completed the New York 77-hour real estate pre-licensing course, you will need to do the following:
- Pass your school’s final exam.
- Pass the New York State Real Estate Exam.
- Choose a sponsoring broker.
- Apply for your New York real estate license.
After you have completed these steps, you’ll officially be able to work in real estate as a licensed real estate salesperson!
Getting your New York real estate license doesn’t need to be complicated. Click here for the in-depth, step-by-step process to getting your New York real estate license.
Key Takeaways
Completing your New York 77-Hour Real Estate Pre-Licensing Course requirement is the biggest step you’ll take toward getting your New York real estate license. While it may seem overwhelming at times, the purpose of the course is to provide you with the information you’ll need to ace your State Exam and get started in the real estate industry.
Here are a few things to remember when completing your New York 77-Hour Real Estate Pre-Licensing Course:
- To qualify to take the New York Real Estate Pre-Licensing Course, you will need to meet the following requirements:
- Be at least 18 years old.
- Have a current NYS photo driver’s license or non-driver ID card.
- Have no prior felony or sex offense convictions.
- The course is a total of 77 hours and must include course timers for each section of the course.
- There are 19 topics covered in the New York real estate license course.
Now that you have all the information you’ll need to complete your New York 77-Hour Real Estate Pre-licensing Course, it’s time to take your proctored School Final Exam. The next article in the New York Real Estate License Guide 101 will cover everything you need to know about taking and passing your New York Real Estate School Exam.