How to Renew Your Real Estate License in NY

New York has a booming and lucrative real estate market. A real estate broker’s license expires after two years. As a licensed real estate professional, it's crucial to stay up-to-date with industry regulations and maintain an active license.

Real estate license renewal in NY is an easy process, and everything can be done online via the eAccessNY portal. Herein, we share all the steps you must follow during the renewal process. We also include other things that will help boost your professional rating.

Understand the Renewal Requirements 

The renewal requirements will change with time, so it is always wise to check for any new updates on the New York Department of State website. However, at the time of writing this article, you must complete the continuing education requirements.

In NY, real estate brokers must complete 22.5 hours of approved continuing education courses every two years. The courses cover new topics and regulations in the real estate industry. Some of the topics you will encounter include fair housing, ethics, agency, and recent legal matters.

The courses are offered by New York Department of State-approved real estate schools. Most of the schools offer online classes, which are more convenient and flexible for working professionals. For more information about online courses, browse around this site.

Submit License Renewal Application

Don’t wait until your license expires to begin the New York state real estate license renewal process. We recommend doing it three months in advance to avoid a last-minute rush. The good thing is that you will receive a renewal notification from the New York Department of State.

The renewal notice will come with instructions on how to renew your license, required certifications, and the renewal fee. Everything can be done via your eAccessNY portal. Sign up for an account if you don't have one and update all of your details, personal information included. 

eAccessNY real estate license renewal process is easy and fast. Log into your eAccessNY portal and you will find a real estate license renewal link. Click the link and follow the prompts up to the final step. After confirming your renewal, you’ll need to enter your payment information to pay the renewal fee.

Background Checks and Approval

Just like when you were applying for the license, the state will run a background check during the renewal process. Any records on your name may throw the chances of your license getting renewed out of the window. 

If everything goes well, your renewal will be approved by the New York Department of State. You will get an email from the state confirming the renewal of your NY real estate license. Ensure that you keep all the copies of your course completion certificates and renewal confirmation for your records.

Summing Up

New York real estate license renewal is an easy process. The goal behind it is to ensure that professionals stay up-to-date with what's happening in New York's real estate industry. 

As mentioned, start the renewal process three months in advance. Also, ensure that you update your information on the eAccessNY portal so that you can receive all updates to renewal procedures.