Delhi, NY · Member since 2017 · 10 posts · 0 votes
Been managing 15+ units under my families residential properties for almost a decade now. Considering getting my Real Estate Broker's license to begin my own local Property Management company and take on clients of my own. I don't mind the costs or work associated with getting the real estate brokers license, but wanted to clarify this step of the process;
After completing the education requirement, you must gain real estate salesperson experience. NYS requires you to work as a licensed real estate salesperson for at least two years before applying for a broker's license.
Is this really necessary? I'm not interested in selling real estate or working underneath another company for two years. Frankly I'm just interested in pursuing property management under my own company.
First obtain your salesperson license. You can then apply to become a broker by demonstrating 3 years of relevent expereince (your property management background) as a substitute for 2 years as a salesperson. More information can be found on that ste's website via the dept of state.
Steve, you can likely overcome the work requirement because of your current role and experience. There is a worksheet that lets you determine if you've performed enough agent services to qualify.