If you earn a living with a New York real estate license then you have probably already begun to reap the rewards of a strengthening housing market. If you are ready to take your career to the next level, you should consider earning your New York real estate broker license.
If you have an active New York real estate license with two years of experience then you need 45 hours of real estate training and have completed the course final with a passing score in order to sit for the New York real estate broker exam. For those who do not have an active New York real estate license you could still be eligible to take the broker exam. Individuals with three or more years of experience in general real estate must first take the 75 hour New York real estate salesperson course and then complete the 45 hour broker course to be eligible to sit for the exam. General real estate experience includes being involved in the buying, selling or managing of properties.
Depending on how you wish to structure your business there are a number of different types of broker licenses available. If you intend to work for yourself and under your own name, then you want an Individual broker license. To go to work under another licensed broker you will need an Associate broker license. Trade Name brokers work as a sole proprietor under a name that is not their personal name. This type of license requires a business license. Also available are Partnership and Limited Partnership broker licenses for those who will work under the name of partnership or limited partnership.
Real estate is one of the few career paths where you have a great deal of control over your own personal success. When you decide you are ready to take the next step beyond a career as a successful real estate agent, a fantastic new chapter in your real estate career can begin. You do not have to wait for a promotion, you can simply begin the real estate broker training and take the exam; in just a couple of weeks you could be collecting commissions on your sales as well as the sales of the agents that will work under your supervision as their broker.
Want to find out if you have what it takes to be a Real Estate Agent or Broker?
About The Author: Tom Davidson is the acting Director of Sales & Operations for Colibri Real Estate, LLC. Since 1996 the companies under this banner have offered online real estate licensing and insurance licensing courses as well as online real estate exam prep and insurance exam prep.