As an experienced real estate agent, you will already have the NY real estate license that allows you to practice as a legally recognized professional. However, this is not the end of the matter, because every two years, you must renew real your estate license in NY to continue to be allowed to practice legally in the state.
Therefore, you need to familiarize yourself with the New York real estate license renewal process so you stay on top of it and keep doing business. Also, it’s crucial to note there’s no grace period for a real estate license renewal in NY, unlike in other states that may extend grace periods to licensees who fail to renew in time.
In this piece, we walk you through the New York state real estate license renewal process for real estate agents to help you be informed and prepared to avoid any issues. Here are the key steps:
Fulfill the continuing education requirement
It is mandatory for you to complete 22.5 hours of approved continuing education (CE) within your two-year license validity period to be eligible to renew your NY real estate license. While you can take any real estate courses of your choice, there are some mandatory ones, including:
· Fair Housing – 3 Hours
· Agency Law –1 hour (first-time renewals require 2 hours on this subject)
· Ethical Business Practices – 2.5 hours
· Recent Legal Matters – 1 hour
Although covering the continuous education hours may seem like a tall order, it’s not as bad as it sounds easy thing. And the good thing is that you can do it online through an approved provider. You can click here for a source of information on one of the best online real estate schools.
Prepare the various documents
As you complete your CE courses to meet the New York real estate license renewal requirements, ensure you keep proper records of your course completion. This includes certificates of completion and other important documents. The documents are necessary when submitting your renewal application.
Submit your application
To renew your real estate license in NY, you need to do it online through the eAccessNY license renewal website of the New York Department of State (NYDOS). Here are the steps to follow:
· Log into your account after accessing the NYDOS eAccessNY website
· Confirm your personal information, including contact details and address, is correct
· Input the details of your CE courses that you’ve completed. You may be required to provide course codes or any other specific information.
· Pay the renewal fee using a debit or a credit card
· Go through your application to ensure everything is correct and then submit it.
Get confirmation for your application
Once you submit your application, you will get a confirmation email from NYDOS.
Update your records
After the approval of your NY real estate license renewal, it is important to ensure your license details are updated in your records. It is also crucial if you’re an agent working for a brokerage that you inform the broker who has hired you about your license renewal to prevent any compliance issues that may arise.
Conclusion
It should not be a complicated exercise to renew your real estate license in NY. You just need to be proactive and well-organized. You need to stay on course with your continuing education requirements, have the necessary documents ready, and adhere to the laid-down renewal procedure. With that, you can ensure you keep your license in good standing so you can continue with your career in real estate uninterrupted.