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Before considering a real estate career, you should review these commonly asked questions.
Q: How do I receive a license in the state of New York?
A: You must successfully complete a 45 hour pre-licensing course. You will be given an exam at the end of the course. You must pass this exam as well as the New York State walk-in exam, given by the Department of State. You must find a sponsoring Broker who will hold your license and supervise your activity as a sales associate. This Broker will sign your license application. Once you have a course certificate, completed application, pass slip from taking the New York State exam and a $50 check, you have the four necessary items to receive a license in New York.
Q: What expenses will I incur once I have a NY license?
A: Principal Brokers are, generally, members of a Board of REALTORS and are multiple listing service participants. Therefore, all of the sales associates and broker associates of the brokerage firm must follow the Principal Broker’s lead and, as a necessary standard, become REALTOR members. There are membership dues and entrance fees as well as Multiple Listing Service fees, the combination of which totals between $1,000 and $1,500.
Other expenses will be outlined by the Broker’s policies. Business cards, advertising, errors and omissions insurance, name riders and cell phones are among the initial expenses a new licensee will bear. Ask the Broker ahead of time, so you are fully informed and comfortable.
Q: How do I begin building my real estate career once I have signed on with a Broker?
A: Training is necessary. Every new licensee needs orientation in the areas of administration, law, office policies, technology and business building. At Coldwell Banker George T. Decker there are three levels to the training program and can be completed in any order. The real estate simulator, the e-fast start virtual classroom training and the classroom in-house training are all mandatory.
We hope you enjoy this engaging exercise. We will be contacting you shortly to review your results and to further discuss the opportunities at Coldwell Banker, George T. Decker Real Estate.
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