New Real Estate License Law Bill Approved

The qualifying course hours for a salesperson will increase from the current 45 hours to 75 hours effective July 1, 2008. This legislation was strongly supported by NYSAR.

In addition to increasing the qualifying hours, the new law accomplishes the following:

Office Managers: Requires office managers to be either a licensed broker or associate broker.

Broker Qualification: Requires salespersons to conduct two years of business under the supervision of a broker to qualify for a broker's license.

On-Line Qualifying Courses: Permits the Department of State to approve computer-based and distance learning for the delivery of salesperson and broker qualifying courses.

CE Exemption: For anyone licensed after July 1, 2008, there will no longer be an exemption from continuing education after 15 years of continuous service. This action DOES NOT AFFECT anyone currently licensed or who will be licensed prior to July 1, 2008.

Pocket Cards: Requires the issuance of photo pocket identification cards