how much do real estate agentsmake

If you're interested in pursuing a career in the thriving real estate industry in New York, obtaining a real estate license is a crucial step. This guide will provide you with all the information you need to know about the cost, benefits, and conditions of obtaining a NY real estate license.

I. Understanding the Cost of a NY Real Estate License:

  1. Licensing Fees:
    • Application Fee: You'll need to pay a non-refundable application fee, typically ranging from $50 to $100.
    • Examination Fee: To take the real estate licensing exam, you must pay an examination fee, which is around $15.
    • License Fee: Once you pass the exam, there is a license fee of approximately $55.

II. Benefits of Obtaining a NY Real Estate License:

  1. Lucrative Career Opportunities:

    • The real estate industry in New York is highly dynamic and offers numerous avenues for career growth and financial success.
    • As a licensed real estate professional, you can work as a salesperson, broker, property manager, or even start your own real estate business.
  2. Professional Credibility:

    • Holding a real estate license enhances your professional
5-6 months Getting Your NY Real Estate License In A Classroom Weekly classroom courses are designed for students to complete the course in 5-6 months. Complete the course during your daily class time – If you are completing the NY 77-hour pre-licensing course in a classroom setting, some course providers offer daily classes.

How much are real estate classes in NY?

How much does a real estate license cost in New York?
Course / Package Fees$248-$613
Background Check$102
Salesperson License Fees$65
Examination Fees$15

Is the NY real estate exam difficult?

How difficult is New York State's real estate license exam? The New York State Real Estate License Exam is not difficult, you just need to prepare for it. Making sure you understand the material and reviewing the course content are great first steps to take to increase your chances of passing.

How much do beginner real estate agents make in NY?

First Year Real Estate Agent Salary in New York
Annual SalaryMonthly Pay
Top Earners$140,617$11,718
75th Percentile$112,500$9,375
Average$89,370$7,447
25th Percentile$73,100$6,091

How long is a NY real estate license good for?

Two years A Real Estate Salesperson license is good for two years. Your license expiration date is printed on the license. Three months prior to your license expiration date, you are sent an email and post card reminder that it's time to renew your real estate license.

How long does it take to become a real estate agent in New York?

Around three to six months It takes around three to six months to become a real estate agent in New York. The most time-consuming part of the process is the 77 hours of prelicensing instruction you'll need to complete.

How much does the average realtor make in New York?

As of Oct 12, 2023, the average annual pay for a Real Estate Agent in New York is $93,951 a year. Just in case you need a simple salary calculator, that works out to be approximately $45.17 an hour. This is the equivalent of $1,806/week or $7,829/month.

Frequently Asked Questions

How much does it cost to take the real estate exam in NY?

$15 Cost #2: New York Real Estate Licensing Exam Fee: $15 Once you've completed the required education you'll be eligible to take the salesperson licensing exam. New York has one of the lowest real estate salesperson exam costs in the country — the written exam fee is just $15.

How many times can you fail NYS real estate exam?

Can I retake the New York real estate examination if I fail? For six months after initially failing the test, candidates can retake it as many times as possible until they pass.

How much math is on the NY real estate exam?

Expect around 15 of these to be math related. Make sure you prepare for your NY real estate exam, by going over the course material in your NY pre licensing course and practice exam, as all the NYS real estate exam questions, would be related with the NY Real Estate Exam.

Is it hard to become a real estate agent in NY?

New York's agent licensing rules include straightforward training and education guidelines. Potential agents complete real estate agent training programs and take a licensing exam when finished. This quick training period may help you transition to a new career quickly.

How long does it take to become a real estate agent in NY?

Around three to six months It takes around three to six months to become a real estate agent in New York. The most time-consuming part of the process is the 77 hours of prelicensing instruction you'll need to complete.

FAQ

How much is the real estate exam in NY?
$15 per attempt You will first have to create your eAccessNY account before you can schedule your state exam. The fee to take the exam is $15 per attempt. The New York Real Estate Exam consists of 75 multiple choice questions and is based on the 75-hour pre-licensing curriculum.
Is the NYS real estate license exam hard?
The New York State Real Estate License Exam is not difficult, you just need to prepare for it. Making sure you understand the material and reviewing the course content are great first steps to take to increase your chances of passing.
Is the NYS salesperson exam hard?
The New York State Real Estate License Exam is not difficult, you just need to prepare for it. Making sure you understand the material and reviewing the course content are great first steps to take to increase your chances of passing.
How many times can you fail NY real estate test?
You can take the NY state licensing exam as many times as needed until you pass. You simply have to schedule a new attempt through your eAccessNY account and pay the $15 examination fee.
How much time is given to complete NYS real estate salesperson exam?
1 1/2 hours If you fail the exam, you can schedule another exam by utilizing your account in eAccessNY . The written exam is multiple choice and based on the 77-hour pre-licensing curriculum. Applicants will be allowed 1 1/2 hours to complete the test.

How much is ny real estate license

How long does it take to study for NYS real estate exam? Approximately 2 Weeks Full-Time Study - Approximately 2 Weeks If you're willing to dedicate 40 hours a week to your real estate education, you can knock out your 77 hours in just two weeks. Make sure you leave time to study, though — you do need to be able to pass both the course final exam and the state exam.
Is it worth it to become a real estate agent in NYC? The average salary for a NYC real estate agent is $104,180. That's substantially higher than the average real estate agent salary nationwide and it should be!
How hard is NYC real estate exam? The passing rate for the New York Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!
How much does it cost to take the NY real estate exam? $15 How much does it cost to get a real estate license? The fee to apply for the license is $55, but that's not the only cost you'll incur. You'll also need to pay $15 to take the exam and you'll have to pay for your qualifying education course.
  • How long does the NYS real estate exam take?
    • 1 1/2 hours If you fail the exam, you can schedule another exam by utilizing your account in eAccessNY . The written exam is multiple choice and based on the 77-hour pre-licensing curriculum. Applicants will be allowed 1 1/2 hours to complete the test. The allotted time begins at the conclusion of the instructions.
  • How much is the real estate exam ny
    • Jul 29, 2022 — Exam Fee – $15 per attempt. Many people need to take the New York State real estate exam more than once to pass. It costs $15 each time you take 
  • How much does it cost to get a real estate license in NYC?
    • How Much Does It Cost to Get a Real Estate License in New York? Becoming a real estate professional in New York isn't prohibitively expensive. When all is said and done, an aspiring agent will spend around $500 to $1,000 to get their license, while a broker can expect to pay around $950 to $1,450.
  • How long is real estate school in NYC?
    • On average, it takes anywhere from 3-5 months to obtain a real estate license in New York.

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