A Step-by-Step Guide to Renewing Your Real Estate License in NY
Renewing your real estate agent license is crucial if you want to continue your career as a realtor in New York. The best thing is that the process is straightforward and can be done online from the comfort of your living room.
Renewing your real estate agent license involves a couple of steps, and it is vital to stay updated for a smooth renewal. In this guide, we take you through how to renew a real estate license in NY. Also included along the way will be fees and additional courses involved.
Understand the Renewal Requirements
The renewal process and requirements are subject to change. Staying updated with the processes and steps is crucial before you start renewing your real estate license in NY. All the details about the process are available on the New York Department of State (NYDOS) website.
A NY real estate license is valid for two years. However, you are required to start the renewal process three months before it expires. You will receive an email from the Department of State informing you about the renewal.
As part of the renewal, you have to complete the continuing education coursework, submit all of the required documents, and pay the renewal fee.
Continuing Education Coursework
The purpose of continuing education is to ensure you stay up-to-date with what’s going on in the real estate industry. You must complete 22.5 hours of continuing education every two years to renew your license.
During that time, you will learn about fair housing laws, agency laws and relationships, ethical business practices, and recent legal matters related to real estate in New York. As a real estate agent or broker in New York with a busy schedule, your best option is attending online classes.
Ensure that the online school you are enrolled in is accredited by the New York Department of State. You can also read reviews from past students for more information about the school and its tutors.
Access the eAccessNY Portal
NYS real estate license renewal process is done online via the eAccessNY portal. You can register for an account if you don’t have one. Ensure that all of your details are correct, including your current email address, since it’s the primary channel for communication.
Once logged in, you will find a step-by-step guide to help you renew your realtor’s license. Make sure that you have copies of all necessary documents in digital format. While at it, you’ll need to pay the renewal fee.
The license renewal fee is around $65, which can be paid via your eAccessNY account using a credit card. Once your application is processed, you should receive confirmation via email.
Summing Up
The NY real estate license renewal process is straightforward and can be done from anywhere via a PC or smartphone. Ensure that you complete all the continuing education classes as required by the New York Department of State. Also, keep records of all of the lessons you take as they will be needed as proof during the renewal process.
