Home Continuing Education Schedule Real Estate Salesperson Appraisers/Assessors Home Inspectors CE Mortgage Loan (MLO) Medical Career Training Course Creator Computer Technician Administrative Training Help Desk Contact US Reviews Membership Program Online Course CoronaVirus Updates Login

The 15-year Real Estate Broker Continuing Education Exemption Expires July 2021

Real Estate Salesperson and Brokers: All NYS licensees are required to successfully complete 22.5 hours of approved continuing education, including at least 3 hours of instruction pertaining to fair housing and/or discrimination, 1 hour of instruction pertaining to Law of Agency, two hours if it is your first licensing cycle. within the two-year period immediately preceding a renewal. 

NEW LAW AS OF JULY 1, 2021:

A new law regarding continuing education for real estate salespersons and brokers was recently adopted. Below is a summary of the major changes.

  • The amendment changes the course requirements for renewal. Specifically, new mandatory hours of education now include: "at least 2.5 hours of instruction pertaining to ethical business practices, at least 1 hour of instruction pertaining to recent legal matters governing the practice of real estate brokers and salespersons in New York which may include statutes, laws, regulations, rules, codes, department of state opinions and decisions, and court decisions". With this change, effective July 1, 2021, all licensees will be required to successfully complete 22.5 hours of approved continuing education. The education must include at least 2.5 hours on the subject of ethical business practices, at least I hour of recent legal matters, at least 3 hours of instruction pertaining to fair housing and/or discrimination in the sale or rental of real property or an interest in real property and at least 1 hour of instruction pertaining to the law of agency except in the case of the initial two-year licensing term for real estate salespersons, 2 hours of agency related instruction must be completed within the two-year period immediately preceding a renewal.
  • The amendment also REMOVES the 15 year real estate broker continuing education exemption and now requires all brokers who are currently exempted to complete continuing education starting July 1, 2021.

For the purposes of implementing the changes, the new requirements are effective on the actual date the license expires rather than the date the renewal application is submitted for processing. If the expiration date printed on your license is on or after July 1, 2021 you must meet the new requirement before you can renew. To review the actual bill text, please click here.

Our mission is to provide our students the tools and support they need to excel in their career goals. We provide our students with value and go above and beyond all the others. Our goal is for our students to be successful in their CAREER, not just on an exam!

Manfred Motivates, Mentors, Manages, and Moves you toward Success!

Unlimited Basic Courses: Build your professional profile, fulfill your continuing education requirement and get a wealth of knowledge. Unlimited Basic Continuing Education Courses online or in the classroom! Take as many as you wish!

For more information about how to become a Manfred Member ahead of this Real Estate Broker licensing change click here

 Blog published by John Manfred, President/CEO, www.ManfredSchool.com

Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.