After passing your State Exam and choosing a sponsoring broker, you can officially apply for your New York Real Estate Salesperson License and begin working in real estate! To apply for your license, you'll need to have a sponsoring broker and have their license number to input on your application.
What is the pass rate for NY State Real Estate Exam?
The passing rate for the New York Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.
How many questions do you have to get right on the NYS real estate exam?
The New York Real Estate Salesperson Examination consists of 75 total questions. To pass, you need to answer 70% of the questions correctly.
How many times can you fail NY real estate test?
You can take the NY state licensing exam as many times as needed until you pass. You simply have to schedule a new attempt through your eAccessNY account and pay the $15 examination fee.
How long should I study for the NYS real estate exam?
Approximately 2 Weeks
Full-Time Study - Approximately 2 Weeks
If you're willing to dedicate 40 hours a week to your real estate education, you can knock out your 77 hours in just two weeks. Make sure you leave time to study, though — you do need to be able to pass both the course final exam and the state exam.
What does do diligence mean in real estate?
It is essentially the “doing your homework” part of real estate. When RE agents bring up due diligence, they usually refer to either the buyer's research prior to making an offer or the contingency period before to the final closing.