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First Year Real Estate Agent Salary in New York Annual SalaryHourly WageTop Earners$150,308$7275th Percentile$123,525$59Average$94,454$4525th Percentile$65,589$32
10 States Where Real Estate Agents Earn The Most Money RankState2017 Mean Annual Wage1New York$102,3102Texas$72,4803Hawaii$72,4704Alaska$71,0306 more rows ?
How Much Does It Cost to Get a Real Estate License in New York? Becoming a real estate professional in New York isn't prohibitively expensive. When all is said and done, an aspiring agent will spend around $500 to $1,000 to get their license, while a broker can expect to pay around $950 to $1,450.
Average Real Estate Agent Salary According to the Bureau of Labor Statistics, in May 2021 the average New York real estate agent's salary was $81,020 a year. That works out to $38.95 an hour.
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. If you put the proper effort forth, we know that you can pass on your first attempt!
Real Estate Broker A career as a real estate broker is one of the highest paying and lucrative professions in the real estate industry. On average, experienced brokers take home a six-figure pay.
Requirements Submit a completed application and the required fee to the Department of State. Be 18 years old. Have successfully completed a Department of State approved 75-hour salesperson qualifying education course.Pass the NYS Real Estate Salesperson examination. Be sponsored by a NYS licensed Real Estate Broker.
The Fordham Real Estate Institute offers the 75-hour New York Real Estate Salesperson's License Qualifying Course, which is required to become a licensed real estate salesperson in New York state.
It takes between 3-6 months to become a real estate agent in New York. The most time-consuming part of the process is the 75 hours of prelicensing instruction you'll need to complete.
Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.