Real estate professionals in New York must take 22.5 hours of continuing education courses every two years to renew their licenses. This includes three hours of fair housing or discrimination classes and at least one hour of agency law. Online New York real estate continuing education course packages generally cost between $100 and $150.
If you’re ready to meet the New York real estate continuing education requirements but are struggling to find a good continuing education course provider, check out McKissock Learning. The online learning platform offers a range of New York-specific continuing education packages and individual courses that cost between $13.96 and $116.20. Click here to get started.
New York Real Estate Continuing Education Requirements
New York real estate continuing education requirements include completion of 22.5 hours of courses every two years. These credits must include at least three hours of fair housing or discrimination instruction and at least one hour of agency courses. Real estate salespersons in the initial two-year licensing term must complete an additional two credit hours of agency-related courses before renewing their license.
Mandatory continuing education requirements are as follows:
- At least three hours of fair housing or discrimination courses
- At least one hour of agency courses
Examples of elective courses include:
- Sex and Real Estate: Sexual Harassment, Sexual Discrimination, and Fair Housing
- Advocating for Short Sale Clients
- Foundations of Real Estate Finance
- Marketing, Advertising, and Social Media Compliance
Salespersons working toward becoming a broker who takes the state-approved broker qualifying course receive continuing education credit for the course. However, this broker qualifying course does not satisfy the state’s mandatory, three-hour fair housing requirement.
New York Real Estate Continuing Education Costs
In general, individual continuing education courses for New York real estate professionals cost between $9 and $99. Many online continuing education course providers also offer packages from $100 to $150. Once you complete New York’s continuing education course requirements, the state’s license renewal fee for a salesperson is $55; a broker’s license costs $155 to renew.
How to Renew Your New York Real Estate License in 6 Steps
New York real estate salespersons and brokers must renew their licenses every two years. To do so, real estate professionals should create an account through the state’s online licensing portal, eAccessNY, then take the required continuing education coursework and submit the necessary documentation and fees to the state. Renewal extensions are also available under what the state refers to as bona fide hardship.
1. Set Up an eAccessNY Account
All New York real estate licenses must be renewed online pursuant to the state’s Green Initiative. If you don’t already have a password-protected eAccessNY account, create one to prepare for the license renewal process. This online portal serves as an application and payment processing platform for real estate agents who want to renew their license after completing continuing education requirements.
2. Identify Your License Expiration Date
A New York real estate professional has to renew their license every two years, beginning two years after issuance of their first license. You can renew your license up to three months prior to the actual expiration of your license, and there is no grace period for engaging in real estate activities if you fail to renew on time. Check your printed license or use eAccessNY to identify your license expiration date by logging in to your account or performing a public license search.
In addition to checking your license expiration online, the licensing board will send a renewal notice 90 days prior to your license expiration date. This notice also includes instructions for renewing a license through eAccessNY.
3. Complete Continuing Education Course Requirements
The New York Real Estate Board requires licensed real estate salespersons and brokers to take 22.5 hours of continuing education courses every two years. This includes three hours of fair housing and/or discrimination-related courses and at least one hour of approved agency law courses. Salespersons who are renewing their license for the first time must take two hours of agency law courses in addition to the three-hour fair housing requirement.
To meet these requirements, choose a course provider that’s approved by the Board of Real Estate. Generally, online real estate continuing education courses are available individually or as part of a state-specific package that lets you meet all of your state’s requirements at once. In addition to being approved by the Real Estate Board, online real estate education schools should offer a user-friendly platform and reliable reporting tools for submitting your continuing education credits via eAccessNY.
4. Confirm Your Sponsoring Real Estate Broker
If you are a licensed salesperson in New York, you are required to work under the supervision of a real estate broker. Just as when applying for your license the first time, the license renewal process requires you to identify the broker who provides oversight of your real estate transactions. To prepare for the license renewal process, log in to your eAccessNY account to confirm that your office and sponsor information is accurate and up-to-date.
If you have changed brokers, update your broker’s name and office information by logging into eAccessNY, clicking on the “List of Licenses” link, and choosing the relevant license from the list. Alternatively, if your broker’s office location or other details have changed and are not yet updated in the system, they will have to modify this information from their account. If a broker needs to change the name of their company, they must submit a new broker application.
5. Submit Renewal Form & Pay Fee
Once you complete the necessary continuing education courses, log on to eAccessNY and select “List of Licenses (Access your license here)” from the Main Menu page. If you have multiple licenses in New York, select the relevant license; then click on “Renew License” and “Next Step” to begin the renewal process.
On the next page, review the listed “Office/Sponsorship” information and confirm that it is correct. If your office information is incorrect, pause the renewal process until your sponsoring broker has corrected the information. If it’s correct, answer the on-screen questions and click “Next Step” to advance to the application affirmation stage.
The application affirmation page requires you to check the “I Agree” box, which affirms that you have met the requirements for renewal—including all continuing education course requirements. After you affirm your application, click on “Next Step” to continue to the payment page where you will enter your credit card details. Once your payment details are confirmed, click on “Submit” once to charge your credit card the amount displayed on the page ($55 or $155).
After you complete the online renewal process, you will get a confirmation page that shows your renewal has been submitted. However, this confirmation does not mean that your renewal has been approved. The New York Department of State must still review your application to ensure to ensure it is complete and meets New York’s renewal requirements.
6. If Necessary, File for an Extension
If it’s time to renew your New York real estate license, but you’re facing obstacles that prevent you from doing so, you may be able to get an extension. The New York real estate law booklet provides for extensions only in cases of personal hardship, such as having a medical condition. If you think you may qualify for an extension, submit a written request, completed renewal form, fee payment, and original documentation demonstrating your hardship through eAccessNY.
Top 3 Continuing Education Providers
As a real estate professional, it can be difficult to fit continuing education courses into your schedule. However, there are numerous online course providers that offer on-demand continuing education credits individually or as part of a package. We compiled a list of the three best providers to help you get started.
McKissock is an online education platform that offers user-friendly continuing education in New York for between $90.97 and $116.20 for packages or $13.96 and $99 for individual courses. In addition to mandatory courses like New York Fair Housing and Agency Law, the school offers a range of on-demand and live webinar-based electives.
Continuing education packages include:
- Continuing Education PLUS Membership: This package includes access to all of McKissock’s continuing education courses, a continuing education tracker, and access to learning resources like on-demand webinars and how-to videos for $116.20 per year.
- 22.5-Hour Renewal Package: The Renewal Package includes 22.5 hours of New York-approved continuing education courses for $90.97. The package includes several default electives, but students can swap electives with other courses as needed.
- 22.5-Hour Investment-Focused Renewal Package: Real estate professionals who want to focus on real estate investment subjects can choose this option for $90.97. In addition to mandatory Fair Housing and Agency Law courses, this package includes electives like How to Work with Real Estate Investors and Real Estate Investing: Beyond the Basics.
- 22.5-Hour First Time Renewal Package: For $90.97, this package includes the mandatory four-hour Fair Housing and Agency Law course as well as the additional three-hour Agency Law course for newly licensed agents. Electives are also tailored to new agents and include courses like A Day in the Life of a Buyer Agent and Real Estate Safety: Protect Yourself and Your Clients.
Individual courses, including mandatory credits like Fair Housing and Agency Law, are also available for between $13.96 and $99, depending on the number of credit hours and course format. In addition, McKissock offers a range of elective courses, like Finding Your Focus: Niche Marketing for Real Estate and Millennials Are Changing Real Estate: Are You Ready?
Kaplan offers individual continuing education courses ranging from $9 to $45; a 22.5-hour course package that meets the needs of first-time renewals is also available for $133. The school offers a robust selection of elective courses like Houses: From the Ground Up and Buying Within Your Budget. Kaplan also offers courses that focus on real estate in the context of current events, like The Trump Tax Cut and Jobs Act and its Effect on Real Estate.
Some of the elective courses offered by Kaplan include:
- Avoiding Deceptive Practices: 3.75 credit hours for $34
- Understanding Credit and Improving Credit Scores: 3.5 credit hours for $29
- Introduction to Real Estate Investments On-Demand Course: 7.5 credit hours for $44
- Generational Selling: 3.75 credit hours for $34
Mbition – Learn Real Estate offers real estate professionals user-friendly continuing education courses that, like other online options, can be accessed 24/7. Packages include the required 22.5 hours for $119 and are tailored to both commercial and residential agents. Individual courses are available for between $19 and $59, depending on the number of credits and course subject.
New York continuing education packages from Mbition – Learn Real Estate are as follows:
- 22.5-Hour Complete Commercial Continuing Education Package: Like all of the continuing education packages, this option costs $119 and includes New York License Law and Agency and ADA and Fair Housing courses. However, the package also includes the Commercial Sales and Exchanges and Commercial Leases electives, making it perfect for those in commercial real estate.
- 22.5-Hour Complete Residential Continuing Education Package 1: This residential package includes mandatory courses, plus the electives Pricing Property to Sell and Methods of Residential Finance for $119.
- 22.5-Hour Complete Residential Continuing Education Package 2: Likewise, Residential Package 2 includes mandatory courses and electives like Basic Real Estate Finance, Tax-Free Exchanges, and Qualifying Your Buyer in Today’s Market for $119.
- 22.5-Hour Complete Residential Continuing Education Package 3: In addition to mandatory courses, this option includes the electives Building a Green Home and Pricing Property to Sell for $119.
For more information, read our comparison of 2019 online continuing education providers.
Consequences of Not Completing Continuing Education
An up-to-date real estate license is required to conduct real estate activities in New York State pursuant to Article 12-A of the Real Property Law. For that reason, the state doesn’t offer grace periods that enable salespersons or brokers to work while not licensed. A New York real estate professional has two years from the date their license expires to renew the license; failure to do so requires you to pass the state licensing examination before your license will be reinstated.
New York Real Estate Continuing Education Exemptions
In New York, two groups of professionals are exempted from continuing education requirements. First, a licensed real estate broker who is engaged full-time in the real estate business was licensed prior to July 1, 2008, and has continuously held a license for at least 15 consecutive years is exempt. In addition, an attorney who is admitted to the New York State Bar and holds a real estate broker’s license is not required to take continuing education courses.
Frequently Asked Questions (FAQs)
How many hours of continuing education are required for real estate license renewal?
Real estate salespersons and brokers in New York are required to take 22.5 hours of continuing education courses every two years. This includes three hours of fair housing courses and one or more hours of agency law courses, depending on whether you are renewing your license for the first time or working on a subsequent renewal. However, the required number of continuing education courses generally varies by state, so check with your local licensing board.
Which online real estate school is the best?
The best online real estate school depends largely on your schedule, real estate niche, and whether you need pre-licensing, exam prep, or continuing education courses. In general, the best schools offer a user-friendly interface, a wide range of course offerings, and responsive customer support. Check out our buyer’s guide for a list of the best online real estate schools for 2019.
How much does it cost to maintain real estate license?
The cost to maintain a real estate license varies by state. In New York, a salesperson must pay $55 every two years to renew their license. A real estate broker in New York must pay $155 every two years. In addition to the state’s renewal fees, real estate professionals must take continuing education courses, which cost between $100 and $150 for 22.5 credit hours, depending on the provider.
A real estate professional in New York must take 22.5 hours of continuing education courses every two years to renew their license. This includes three hours of fair housing or discrimination classes and at least one hour of agency law. Online New York real estate continuing education course packages generally cost between $100 and $150.
It can be difficult to fit continuing education requirements into a busy schedule, but McKissock Learning can help you meet New York’s requirements so you can renew your license easily. In addition to individual classes, you can choose from several New York-specific continuing education packages. Click here to get started.