Real estate is an incredible opportunity for anyone who wants to make a career change in a short period of time. It’s a career that’s perfect for anyone who has a passion for properties and houses, and anyone who wants a career helping people find their dream homes.
Working as a real estate agent is a demanding career, but also a rewarding one. There’s also more to it than helping people buy or sell single-family residences. You can work in rentals, condos, luxury houses, commercial real estate, industrial real estate, and more. Plenty of real estate agents earn extra money by working as property managers, and some combine their real estate licenses with further education to work in real estate analysis or appraisal, working for developers, or managing the real estate assets of major corporations not directly in the developing industry. Some even earn their real estate licenses just to save money when they buy or sell their own houses, or to become house flippers and real estate speculators.
There is no shortage of avenues to make money with a real estate license. But there are also challenges. If you are a parent of a young child or you have another job, you may need to set boundaries around your time. Most home showings happen on evenings and weekends, making it an appealing second job for working parents – however, it can be difficult to balance with childcare, as clients may call wanting a showing in a matter of hours. You have to be able to set time aside to impress your clients and give them your undivided attention.
You are also about to become your own employer. That can be a big step for many, as it means you are largely responsible for finding your own clients and making sure your work ends with a pay check. Real estate agents are paid by commission, which means you don’t get paid until the contract is signed and money changes hands.
If you’re ready to embrace the freedom and challenges when becoming an agent, it’s time to learn about what you need to do in order to get started. It’s a career that rewards enthusiasm and commitment, so you better get started now.
The first step toward becoming a licensed real estate agent in NY is taking the 75 hour real estate course available online or in-person. Take a look at the pros and cons of each.
Online vs. In-Person
Taking in-person courses to earn your real estate license is an option in New York. In-person courses offered by real estate license schools tend to take about 20 sessions, each of which is 3.5 to 4 hours long. If you have an open schedule or you’re able to take the time off work, you may be able to take 2 sessions a day and, in a best-case scenario, complete the courses in 10 consecutive days or two weeks with the weekends off.
However, the average completion time is usually closer to 8 weeks, as most schools do not offer classes in such a rapid succession. When you take in-person classes, you’re stuck with the school’s schedule.
In-person courses give you face-to-face interactions with the instructor, a chance to ask questions, and an opportunity to meet other students. The downsize is that in-person courses will take longer to complete and they are usually more expensive. You also have to factor in commuting time and costs. The average round-trip commute time in New York City is 58 minutes long, one of the worst commutes of major cities in the U.S. Don’t forget to factor in the cost of gas or transit, too.
Finally, the costs are on average higher. Not only is the cost usually between $275 and upwards of $500, you will also need to purchase a $35-50 textbook.
By contrast, taking New York State real estate classes online is a faster and more affordable way to qualify for your real estate license in NY. There are two major benefits to going the online path:
#1 The 75 hour real estate course in NY is available online for a fraction of the price of in-person courses. You can access 75 hour real estate courses in NY from RealEstateU for around $99-$200.
#2 You can complete the course at your own speed; if you put the time in, you could complete it in as quickly as a week. If you wanted to fit completing the courses around your work schedule, you could take longer if you so desired.
Online courses make sure that you understand the material by requiring you to complete a quiz covering each part of the course. When you sign up for the 75 hour real estate course in NY with us, we also give you a free 200-page PDF that you can use as your textbook. There’s no need to go through hours of video and text-based courses to prepare for your New York real estate salesperson exam when you can consult the textbook.
At the end of the online course, you will have to go to an in-person proctored exam. Once you complete the school exam, you receive a certificate of completion and you’re ready to move onto the next step: the real estate license exam in NY, administered by the state’s licensing department.
Real Estate License Exam NY
You can register to take the real estate license exam NY on eAccessNY using their Occupational Licensing Management System, used for a number of state-licensed occupations. You will have to arrive at a location where the test is administered and complete the exam in 90 minutes. There are 75 multiple-choice questions and you must make a passing grade of 70%.
There is a fee to write the state exam, so it pays to come prepared and ready to pass. Here are a few tips that can help you with your NY real estate exam prep.
#1 Take Our NY Real Estate Exam Prep Course
We can provide you with NYS real estate exam questions, practice tests, and glossaries of key terms. These study materials can cut down your study time by as much as 90% and ensure that you’re ready to pass the state exam the first time around – saving you both time and money.
#2 Get a Distraction Blocker
How much time do you waste on social media when you should be getting work or studying done online? From Facebook quizzes to hilarious videos to Twitter rants, there are always new distractions lurking online. There is also a growing number of distraction blockers you can install on your web browser that will stop you from opening up social media platforms or other distracting websites while you study.
#3 Set Goals for Studying
When you set aside time to study, it helps to set aside goals for yourself. Create a schedule that covers the time between now and your scheduled exam. Decide how much material you need to cover with each study session and focus on meeting your goals. When you finish each session, review your list of goals to see if you met them.
After Your Real Estate License Exam NY
Once you’ve passed your real estate license exam in NY, you are on your way to becoming a licensed real estate agent. There are two more things you have to keep in mind as you begin to practice.
#1 You Need to Work with a Real Estate Broker
Before you can start practicing as a real estate agent, you will need to find a real estate broker to work with. Your sponsoring broker may be able to help you with marketing, promotion, office space, or legal protection. In exchange, you split your commission with them. Some brokers offer up to 100% of your commission straight into your pocket, instead charging office space or other related fees, while others offer more training and support that can help when you’re first starting out.
If you want to further your career as a real estate agent, earning your broker’s license can be a way to earn more money and build your business beyond yourself.
#2 Continuing Education
The real estate industry is constantly changing, and you need to change with it. The state will require you to complete continuing education classes to continue working as a real estate agent. We offer those classes at competitive prices online, taught by 6 real estate professionals in New York. The freedom to take the course anywhere lets you complete your continuing education requirements without interrupting your work schedule.
You may also want to talk to your real estate broker about support while you complete continuing education courses. Some brokers might provide help or financial support, though continuing education classes with RealEstateU are more than affordable.
Real estate could be the perfect career change for you. Earning your real estate license will open up doors and reveal a whole new level of income potential.