Start Earning Money
Congratulations! You’ve officially gotten your New York real estate license and completed each and every step of the process, from choosing a New York real estate school to applying for your New York real estate license.
This is just the beginning of your prosperous career as a real estate agent in New York’s fast-growing real estate market. Read on to learn more about what to expect as you begin your career in real estate.
Start Your Real Estate Career On The Right Foot
As discussed in the New York Real Estate License 101 Guide it’s crucial that you choose the right sponsoring broker to start your real estate career with.
As you begin your career as a New York Real Estate Agent, it’s even more crucial that you take advantage of the resources and opportunities offered to you by your brokerage. Some of these resources include:
- Training and Mentorship Opportunities
- Tips For Building Client Relationships
- Marketing and Lead Generation Tools
Choosing a sponsoring broker that is invested in your success is one of the most important steps in getting your New York real estate license. Click here to learn more about choosing a sponsoring broker and how Corofy can help you through the process.
What To Expect as A New York Real Estate Agent
Choose Your Specialty
Grow Your Sphere of Influence
Be Ready To Learn
Nothing is more crucial to mastering real estate than practice and being ready to learn from experienced agents around you. Work with a seasoned agent or mentor in your brokerage to get familiar with your local market and the real estate transaction process.
What jobs can I get with a New York real estate license?
One of the best parts of working in real estate is the vast number of job opportunities available to you. A New York real estate license offers you many different job options and here are a few of them:
- Real Estate Agent
- Real Estate Assistant
- Leasing Agent
- Property Manager
- Real Estate Investor
How much can you earn with a New York real estate license?
Ultimately, how much you earn as a New York real estate agent relies on your work schedule and specialty.
The average base salary for a New York real estate agent is $114,000 per year. Full time agents (agents that work 20 hours or more per week) can make up to $150,000+ per year.
What does a New York real estate agent do?
The duties of a New York real estate agent will vary by what specialty you work in and will typically vary day to day.
Overall, a New York real estate agent helps his or her clients purchase, rent, or sell properties. They advise clients about market conditions, conduct walkthroughs, and provide guidance and assistance through the process of buying, selling, or leasing properties.
Some of the other daily tasks of a real estate agent include:
- Walk clients through any necessary paperwork
- Communicate with clients and other parties involved
- Provide information on the home inspection process
- Continue to support their client through the closing process
What is it like being a New York real estate agent?
Being a real estate agent isn’t all about working on transactions. While it’s true that agents do spend a lot of their time marketing properties and working on paperwork, there’s a lot more to the job than that. In fact, a typical day in the life of a real estate agent is anything but average.
On a typical day as a New York real estate agent, you may spend your time:
- Meeting with current and potential clients
- Staging and showing potential properties
- Catching up with fellow agents at the office
In general, New York real estate agents can expect a varied list of daily duties and responsibilities that can change with little or no notice. As a result, a typical day in the life of a real estate agent can change from day to day—an aspect of the job that many agents find attractive.
Frequently Asked Questions About Being A NY Real Estate Agent
How much can you earn as a New York real estate agent?
The average base salary for a New York real estate agent is $114,000 per year. Full time agents (agents that work 20 hours or more per week) can make up to $150,000+ per year.
What jobs can I get with a New York real estate license?
Once you have your New York real estate license, there are countless job opportunities available to you across many different specialties.
What can I do with my New York real estate license?
As a licensed New York real estate salesperson, you will be allowed to represent sellers or landlords to sell or lease their property, or represent buyers or tenants looking to buy or rent a property, and earn a commission in the process. You will also be able to work in the leasing industry, as a leasing consultant or property manager. This applies to all types of real estate (residential, commercial, or industrial) throughout New York.
Can you be a New York real estate agent part time?
Yes, NY real estate agents have the freedom to determine their own schedule and decide if they’d like to work part time or full time.
Is being a real estate agent worth it?
Being a real estate agent is definitely worth it if you’re ambitious and have a drive to succeed in the field. Ultimately, it’s all about how much work you’re willing to put in.
Key Takeaways
The decision to get your New York real estate license takes hard work and dedication, making it all the more satisfying once you actually are able to start working in real estate and earning money.
Here are a few things to remember when starting out your career as a New York real estate agent:
- The key to starting your real estate career on the right foot is leveraging the resources offered to you by your brokerage, like training and mentorship.
- A New York real estate license affords you many different job opportunities and your first year in ral estate is the best time to explore those opportunities.
- A typical day in real estate will be spent meeting with clients, traveling to showings, and working on active real estate transactions.
If you’ve begun your real estate career, congrats! And if you haven’t, what are you waiting for? Real estate is a rewarding and fulfilling career path and our New York Real Estate License 101 Guide is here to help you through the process.