Your guide to choosing the best New York real estate course to start your career with confidence
Since the dawn of the industrial age, New York has been the financial capital of the country and even today, it continues to be a center of power, prestige, luxury and growth.
New York’s allure and appeal continues to grow and the Empire State is still one of the highest status destinations in the country.
Working in NY real estate is truly an opportunity of a lifetime for anyone who seeks financial success, career growth and a dynamic career path.
Due to the sustained demand, job opportunities for real estate professionals are growing and the future prospects are looking bright.
Did you know that the top real estate professionals in NY can earn as high as $150K to $200K in a year, and still find opportunities for earning commissions.
Imagine earning a six-figure income in a premier market like New York and getting the opportunity to rub shoulders with some of the wealthiest of clients and consumers.
If you are keen to pursue the profession of real estate and want to make it big as an agent, now is a good time to start preparing for it.
Like any high paying profession, the odds of your success and career growth depend upon how well prepared you are and how much knowledge you possess.
Working in a competitive industry like NY real estate requires specific education, training and most importantly, licensing.
If you want to help clients buy and sell real estate in New York, you must fulfill the pre licensing requirements and become a licensed agent first.
Clients prefer to work with agents who are confident, charismatic and helpful in their demeanour and if you want to become like one, you must invest in your education.
This is why completing a New York real estate course is crucial to becoming a knowledgeable, trained and skilled professional with a valid salesperson license.
In this post, you will get answers to your questions on how to choose the right real estate license New York course to complete your pre license education and training.
What does a real estate do
Before you learn about what makes a good NYS real estate license course and how to choose one, it is important to learn about your profession and job responsibilities.
If you are completely new and want to understand what a real estate agent does in their job role, keep on reading.
A real estate agent is a licensed professional who works with clients to help them buy and sell properties at the right prices or valuation.
The job profile of a NY real estate agent is to be the go-to-person for all matters of a real estate transaction - from coordinating property tours and setting up showings to negotiating rates and formalizing contracts between parties.
Real estate agents play a multi-faceted role which includes administrative, operational, marketing, pre-sales and customer service responsibilities.
Working as a licensed real estate agent in NY means you will be expected to be aware of the state and federal laws, real estate principles, industry standards and regulatory process.
This is why completing a real estate license in New York course is crucial as it will help you prepare for a demanding career in a busy market of New York
Benefits of working in NY real estate
In New York, which is one of the most popular and competitive real estate markets in the world, there are abundant opportunities for growth and success.
However, to tap into the pool of opportunities, you must be prepared to put in the effort and invest in building your career from scratch.
To stand out in a competitive real estate market, you must be prepared to develop a growth mindset and continue to learn and grow your skills.
One of the first and foremost ways of doing so is by completing a real estate license in New York course which can pave the way for future success.
If you are wondering whether a career in NY real estate is worth pursuing or not, let us walk you through some of the exciting and rewarding benefits:
High-income potential:
As a real estate agent, your earning potential is pretty much unlimited because the more deals you close, the more you can earn in commissions.
Real estate agents in NY can easily make a six-figure income annually in addition to additional commission and job perks..
Since there is no upper limit to how much money you can make in real estate, top agents can make as high as $200K in NY’s flourishing real estate landscape.
The best part is that as you grow in your career, you can choose to set your own commission rate to directly control your earnings.
Flexible schedule:
Better work-life balance and career flexibility is one of the most exciting benefits why people choose real estate as a career choice.
As a real estate agent in NY, you can establish your own work schedule and choose to define their own working hours.
Imagine having the flexibility to influence your work timings and appointments - as long as you are meeting your goals and targets, you need not worry about anything else and can choose to work as and when you like.
You can also choose your vacation hours, time-off and enjoy more professional independence which is unlike any traditional nine-to-five job.
Career independence:
If you crave the freedom and independence to be your own boss, a career as a real estate agent in NY can be the ideal launchpad.
The independence to steer your career’s trajectory on your own is an alluring benefit for many who crave professional autonomy.
If you have the entrepreneurial spirit in you and want to be your own boss, starting a career in NY real estate can help you achieve your goals.
After a few years, real estate agents in New York can start their own agency and brokerage firms - which means that you can choose your own clients, negotiate your commissions and close deals on your own.
In the beginning of your career, you will have to work under the supervision of a senior broker but as you gain experience and build your clientele, you can choose to chart your own professional path.
Lower barrier of entry:
Many high-paying careers and professions often require you to spend years gaining experience or completing advanced education, but real estate is unlike that.
As long as you have completed a New York real estate license course and obtained your license, you will be on your way to earning commissions.
This means you can literally kickstart your career as a NY real estate agent within a few months and even start earning commissions in less than a year!
However, it is important to note that you will be required to upskill and complete additional courses as part of continuing education requirements.
The NYSDOS requires licensed agents and brokers to complete post license courses to maintain their license and keep it valid for practice.
Now that you have learned about what makes real estate an attractive and rewarding profession, it is time to shift your attention towards getting a NYS real estate license.
What is Pre License education important for your career
Many students often wonder whether completing pre license education has any practical benefits beyond just a mandatory state requirement.
The purpose of pre license education is to gain knowledge about the real estate industry, markets and related aspects of working in the profession.
In New York, it is mandatory to complete pre license education to become eligible for a real estate license and a career.
As per the New York State Department of State (NYSDOS), you must complete 77 hours of pre license education and training to qualify for a salesperson license.
You can choose to enroll in a New York real estate license course online or join a real estate college, but completing your education is mandatory for getting a license,
Let us walk you through some practical benefits why getting your education done is crucial:
You will gain knowledge:
The foundation of a successful career is built on knowledge and completing pre license courses is the right way to build a strong foundation.
Pre license courses and curriculum will equip you with the knowledge and understanding of how the real estate industry works, including the state and federal laws, principles of real estate and its underlying frameworks.
Some of the courses you will cover during your education are:
- Principles of Real Estate
- State and Federal Laws
- Real Estate Finance
- Law of Agency
- Consumer Rights
- Promulgated Contract Forms
Remember that in order to work with clients, assist them and be of value to others as a professional, you must acquire the foundational concepts and knowledge.
Completing a New York real estate course will help you become confident and prepared to face the challenges of the industry and work as a professional.
Regulatory Compliance
Like other states, the state of NY also requires real estate professionals to maintain regulatory and legal compliance.
To do so, you are required to complete your pre license course credits and meet the qualifying standards of education and training.
To obtain your license and work with clients, you must first complete pre license education from a state approved education provider.
Completing pre license courses will help you become compliant with the NYSDOS licensing requirements so you can focus on your career growth and success.
Preparing for the exam
The NYSDOS requires aspiring real estate agents to complete 77 hours of pre-license education from a state approved education provider.
If you want to obtain your license, you must take and pass the NY salesperson licensing exam by scoring at least 75 percent or above in the test.
Completing pre license courses will help you prepare for the multiple choice questions you will face in the test.
Since the test curriculum is based on the topics you will cover during your 77 hours of education, the more you understand the courses, the better will be your preparation.
Opportunities for networking
During your pre license course preparation, you will also meet fellow students, peers and experienced trainers and instructors which will help you grow your network.
Completing pre license education will also give you the opportunity to establish professional relationships which will come in value in the future
Since real estate is a relationship driven industry, having a strong network will help you grow business opportunities and attract more clients.
Now that you have learned about the significance of completing a New York real estate course the next step is to make an informed decision.
How to choose a pre license course in NY
Are you ready to start your career journey and become a licensed NY real estate agent? It’s time to start choosing the right education provider.
Making a choice can be difficult, especially when there are so many options to choose from, but here are some key factors to keep in consideration before making a decision.
Check the course format:
Some students prefer learning in a classroom based environment in the presence of a teacher whereas some prefer the flexibility of online courses. Make sure you understand your learning abilities and make the decision based on that.
Verify the course provider:
There are many pre license education providers but not all of them are equal - before choosing a New York real estate course, make sure to do your research and verify whether your education provider of choice is verified by the NYSDOS or not.
Check the pass rate:
Some real estate colleges and online pre license courses offer a higher pass rate than others. Pass rate is a metric using which you can decide whether your education provider has a good track record of helping students or not.
Now that you have all the knowledge, it’s time to start preparing for an exciting and rewarding career by choosing the right New York real estate course.