According to statistics, realtors in NY rank in the top ten salary list. A valid practising license is crucial to continue working in NY’s realty industry. Renewal is a sign that you are up to date with the latest trends in your profession.
The renewal process isn’t challenging and only takes a few minutes. Everything is online, and you don’t have to skip work to apply for a new one. This guide simplifies getting a new license by providing a detailed walkthrough. Furthermore, you will get insights into the various costs you may encounter during the process.
Post-Licensing Programs
Your license is typically valid for two years, after which you must renew it. You are required to complete the mandated continuing education courses within that time frame. The program will keep you on track with new changes in the industry.
The course hours will vary depending on whether it is your first renewal. However, you must finish three hours on fair housing topics, one hour on law of agency, and 18.5 hours on electives.
Where you study matters a lot. Only enroll schools accredited by the state. RealEstateU has the best study plans at competitive prices. Check it out if you are interested in taking your continuing education online.
Online Application
The entire process can be done using your PC or smartphone via your eAccessNY account. Register for a new account if it is your first time using the portal. From there, the process is simple, and there are on-screen instructions to guide you from start to finish.
Start by verifying your details, including contact and personal information. Update your details if, for example, you have moved to a new address. You will also be required to add your sponsoring broker’s information.
The next step is scanning and uploading your education certificates. This is to prove that you have completed all of the lessons as required by law. Review all of the information before proceeding to the payment page.
Fees and Expenses
Renewal will set you back around $55 at the time of writing this guide. The payment is made online via your eAccessNY portal. Enter your credit card details and click on the pay button.
Application review can take a few days to weeks. You will get updates on the progress of the renewal via your portal. We recommend requesting a license renewal several months before it expires to get sufficient renewal time.
Additional Information
Visit the NY DOS website for a list of all courses you must cover in your post-licensing program. With the list in hand, start looking for schools where you can take the lessons. Studying online can be more suitable if you have a busy daily routine.
Keep your certificates and renewal confirmation emails safe. The emails can be useful if the renewal process drags on for a long time and you have to make a follow-up.
Final Takeaway
Don’t wait until the last month or week to start the renewal process. Always check the NY DOS website for new updates on renewal requirements.
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