Real Estate License Renewal is the process of renewing your real estate license before it expires. It requires completing continuing education (CE) courses that are approved by the state. You also have to fill out an online form with some basic information about yourself and your brokerage. Finally, you need to pay your renewal fee to keep your license active.
Once you have knocked out your CE requirements, it’s time to submit your renewal application to the Department of Real Estate. The easiest and quickest way to do this is online using the eLicensing system. You can also submit your renewal through the mail or on the DRE’s paper form.
It’s important to submit your renewal early — at least 90 days before your license expires. That’s because if you don’t, your license will be revoked and you won’t be able to work as a Realtor. It’s also worth noting that your license can only be renewed once during the two-year period.
Getting your license Real Estate License Renewal renewed isn’t just about keeping your job — it’s essential for a successful career in real estate. A licensed real estate agent is the first point of contact for people who want to buy or sell a property, and they have access to properties that aren’t yet on the market. This means that you’ll be able to close deals that wouldn’t be possible without your license.
If you don’t submit your renewal before your license expires, you’ll be forced to take a post-licensure course and pay a reinstatement fee to get back into the business. The good news is that most states don’t offer grace periods for those who miss their license expiration date.
New York is one of those states, but you can still avoid the hassle and expense by renewing your real estate license early. The fee to do so is $65 for salespersons and $185 for brokers. You can also save money by taking your CE courses with a state-approved provider like Empire Learning New York. We offer a variety of packages that include on-demand 22.5 CE credits. Our most popular package is our NY Real Estate Continuing Education Package, which includes the mandatory implicit bias and cultural competency courses required by NYS.
Another important thing to remember is that New York’s agency disclosure law requires real estate brokers and salespersons to give consumers a written disclosure at the first personal meeting they have with the consumer to discuss a specific property. This helps protect consumers from accidentally telling their real estate agent confidential matters that aren’t supposed to be discussed with non-clients.
Finally, if you’re a broker or associate broker, you’ll need to complete 14 hours of continuing education every two years. Of those, 3.5 hours must be in the topic of Broker vs. Agent Responsibilities. GHAR offers this course and many others to meet the state’s CE requirements, and you can track your progress by logging into your Member Portal.