Despite working hard to obtain your real estate license and be at the top of your game for two years, you will still need to renew your real estate license in NY to be allowed to continue practicing the trade.
It would be best to stay on top of the New York State real estate license renewal process because, unlike other states that offer grace periods for license renewal, NY state, through the New York State Division of Licensing Services, does not allow any grace period.
Because the NY real estate license renewal process may seem daunting, we want to break it down for you in this piece to help you understand the steps you need to take and what is required.
Understanding real estate license renewal in NY
You must understand the basic requirements for the renrenewingYork state real estate license so you are well prepared before you embark on the renewal process.
Typically, actual state licenses in NY have a two-year validity period, so you must renew your license before the end of the two years. To renew an actual state license in NY, a real estate salesperson must:
- Complete a state-approved continuing real estate education course
- Apply for license renewal together with the fee to the NY Department of State
A look at the continuing education requirement
Fulfilling the continuing education (CE) requirement is crucial to the renewal process for the New York real estate license. The state requires all real estate salespersons to complete 22.5 hours of approved CE courses to be eligible to renew their licenses.
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After completing your course, your education provider will communicate to the New York Department of State about your course completion.
Submitting the NY real estate license renewal application
Agents and brokers must submit their NY real estate renewals online, as using hard copies is not an option anymore. To do this, you go into the accessory porta. If you don’t have an account, you must set one up first.
Once you log in, go to the main menu, select the “List of Licenses” to access your license, and choose your real estate license from the list.
The next step is to click “Renew license” and go through the various steps to complete the process. You must affirm our application by checking the “I Agree” box at the end of the process. That is to confirm having completed the required 22.5 CE course hours.
Afterward, you must enter your payment information (card details) to pay the required renewal fee. Then click “Submit t” to submit your fee payment and renewal application.
The final thing in the New York real estate license renewal process is to get to the confirmation page, print it, and take a screenshot for your records.
Conclusion
You don’t have to struggle to renew your real estate license in NY if you know the requirements and the necessary steps you should follow.
It is crucial to start the renewal process early enough before the expiration date so you have adequate time to complete the Continuing Education course and submit the application.
