Real Estate Agent in New York

Requirements, salary data, licensing costs, and career ROI for NY

Median Salary
$97,440
New York (2024)
National Median
$56,320
All states
License Fees
$70
Exam + application
Time to Complete
2-4 weeks (application processing) + course time
From start to licensed

How to Become a Real Estate Agent in New York

To become a licensed Real Estate Agent in New York, individuals must complete a 77-hour pre-licensing course and pass the New York Real Estate Salesperson Exam. The licensing body is the New York State Department of State, Division of Licensing Services. Applicants must be at least 18 years old, obtain sponsorship from a licensed New York State real estate broker, and undergo a background check. While New York does not have full reciprocity, it offers mutual recognition with several states, allowing some education requirements to be waived for eligible out-of-state licensees.

Real Estate Agent Requirements in New York

DetailNew York
Licensing BodyNew York State Department of State, Division of Licensing Services
State License Required Yes
Education77-hour pre-licensing course
Exam New York Real Estate Salesperson Exam ($15)
Application Fee$55
RenewalEvery 2.0 years
Continuing Education22.5 hours per cycle
NotesApplicants must be at least 18 years old. Must be sponsored by a licensed NYS real estate broker. A background check (fingerprinting) is required. The 77-hour pre-licensing course and 30-hour remedial course are only valid for 8 years to obtain a license; once applied, they do not expire for upgrade purposes.

Source: New York State Department of State, Division of Licensing Services

License Tiers

New York offers multiple tiers of real estate agent licensing:

Tier Hours Required
Salesperson N/A
Associate Broker N/A
Broker N/A

Real Estate Agent Salary in New York

The median real estate agent salary in New York is $97,440 per year, which is 73.0% above the national median of $56,320.

PercentileAnnual Salary
10th (entry level)$35,810
25th$52,000
50th (median)$97,440
75th$129,050
90th (experienced)$168,590

New York employs approximately 10,040 real estate agents.

Real Estate Agent Job Outlook

10-Year Growth
+3.1%
Average
Annual Openings
36.6
Nationwide per year
Total Employment
420.9
Nationwide

AI Impact on Real Estate Agents

High AI Exposure (Score: 0.86/1.00)

Many tasks in this career are susceptible to AI automation. Long-term career planning should account for potential disruption.

Is Becoming a Real Estate Agent in New York Worth It?

Factors to consider: New York's cost of living, the state licensing requirement, moderate job growth, elevated AI disruption risk, and your personal career goals.

Frequently Asked Questions

What's required to work as a real estate agent in New York?
In New York, becoming a real estate agent requires you to complete the required education (77-hour pre-licensing course), pass the New York Real Estate Salesperson Exam, and submit your application ($55 fee).
Does New York require real estate agent licensure?
New York mandates state licensure for real estate agents. New York State Department of State, Division of Licensing Services oversees the process, which includes passing the New York Real Estate Salesperson Exam.
How much do real estate agents make in New York?
New York real estate agents bring home a median salary of $97,440. — 73% higher than the $56,320 national figure. The range spans from $35,810 at the entry level to $168,590 for top earners.
How expensive is real estate agent licensing in New York?
Costs include exam fee ($15) and application fee ($55). The estimated total investment is varies, including education and training.
What's the timeline to become a real estate agent in New York?
Expect to spend 2-4 weeks (application processing) + course time from start to finish in New York — covering coursework, supervised experience, and examination.
How many CE hours do real estate agents need in New York?
New York requires 22.5 hours of continuing education every 2.0 years to maintain your real estate agent license.

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