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What Does it Take to Become a Real Estate Broker?

broker real estate Jul 20, 2020

Some agents in the Real Estate industry take continuing education to meet a state minimum requirement and then there are those who better equip themselves for change, have recognized in their own businesses that because of the lack of educational advancements in the real estate industry, there is significant room for career advancements so choose to go above and beyond to advance their own careers by attending every classroom opportunity. Opportunities to grow are all around you, all it takes is your willingness to take the first step! Ready 5, 4, 3, 2, 1, GO! Thanks to The 5 Second Rule by Mel Robbins

Many students inquire on a regular basis on what it takes to become a real estate Broker in New York State. Chances are if you are interested in becoming a Real Estate Broker, you already have previous real estate education. Having completed such education is a prerequisite in this process to upgrade your license. Manfred would like to take the time now to give you accurate, step by step instructions to successfully accomplishing this licensing enhancement. When you upgrade your license to become a Broker in New York State, there are a few things you need to know.

A Real Estate Broker must be at least 20 years of age or older and have a minimum of two years of full-time experience as a licensed Salesperson. You must complete a total of 120 hours of real estate education when you apply for your license and be able to prove 3,500 points, based on real estate transactions, found within the Broker Application. You may also show 5,250 points through equivalent experience in general real estate practice. You can find out more details when you review the Broker Application. Even if your required experience has not been accumulated, you can begin taking the necessary education needed supplied by a New York State Approved Learning Center.

If you had previously taken the 45 hour salesperson course prior to July 1st, 2008 you will need to complete a 30 hour supplemental course as well as complete the 45 hour Broker course. Conversely, if you completed the 75 hour salesperson course after July of 2008, taking the supplemental course would be unnecessary; you would only need to complete the 45 hour Broker course. Upon completion of the education requirements, you would need to wrap up your class time by taking a final school exam. Once that exam is complete, you would also need to take and pass an exam on a state level which is generally administered once a month. In addition to helping you upgrade your license, you may choose to use these classroom hours as continuing education, as long as you meet the attendance requirement and pass the school exam. Once you’ve completed this process, the only thing you’d still need to do is complete three hours of fair housing and one hour of Law of Agency, required each renewal period.

At the Manfred School we understand that upgrading your license can sometimes can be a very difficult process, in some cases requires confidentiality and most importantly it takes courage. We're here to change that experience for you .

Are You Ready to take your career to the Next Level?

Blog written by John Manfred -President/CEO www.manfredschool.com

 

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