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RENEW LICENSE NY COST HOW TO
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A New York real estate agent (known as a “salesperson”), for example, is authorized to handle real estate transactions but must work under a licensed broker. On the other hand, a broker is able to own their own company and hire other agents to work for them. There are two types of licenses in New York, so the requirements will vary depending on the license. New York Real Estate License Requirements To get either license, you must pass a final exam and undergo a background check.Coursework for both licenses is valid for two years after completion, and additional continuing education is mandated prior to renewal.It takes 75 hours of real estate coursework to become an agent, while a broker license requires 120 hours and two years of practical experience.Agents are required to work for licensed brokers, while brokers can work for themselves or hire agents to work for them.First, you’ll need to get the appropriate license as either an agent or a broker.New York real estate agents are among the highest paid in the nation, making an average annual salary of $87,938.
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