19 NYCRR Part 179 - Department of State

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Source versions current through Apr 15, 2022 - Nov 30, 2022 across sections

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19 NYCRR 179.1 - Qualifying experience

Source version current through Apr 15, 2022

A matched Register action is not later than the compiled-text reference date.

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Dates and status

NYCRR title agency: Department of State
Section status: Section source receipt
Source version current through: Apr 15, 2022
Related Register notice: DOS-11-15-00001-A · Adopted rule
Related notice published: May 20, 2015
Related notice effective date: May 20, 2015

An applicant for licensure as a real estate broker must possess two years of full-time experience as a licensed real estate salesperson under the supervision of a licensed real estate broker or the equivalent full-time experience in general real estate business for a period of at least three years.

19 NYCRR 179.2 - Point system

Source version current through Apr 15, 2022

A matched Register action is not later than the compiled-text reference date.

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Dates and status

NYCRR title agency: Department of State
Section status: Section source receipt
Source version current through: Apr 15, 2022
Related Register notice: DOS-11-15-00001-A · Adopted rule
Related notice published: May 20, 2015
Related notice effective date: May 20, 2015

(a)An applicant will receive credit for such experience according to the point system set forth in section 179.3 of this Part.

(b)3,500 points shall equate to two years of full-time experience.

(c)Upon request by the department, either prior to or after licensure, an applicant shall provide documentation or other proof to substantiate any or all of the experience claimed by the applicant. Failure to promptly provide the requested documentation or proof shall be grounds to deny the application, or if the applicant has been licensed, shall be grounds to suspend or revoke such license. Any false claim of experience shall be grounds to deny the application, or if the applicant has been licensed, shall be grounds to suspend or revoke such license.

19 NYCRR 179.3 - Experience point schedule

Source version current through Nov 30, 2022

A matched Register action is not later than the compiled-text reference date.

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Dates and status

NYCRR title agency: Department of State
Section status: Section source receipt
Source version current through: Nov 30, 2022
Related Register notice: DOS-11-15-00001-A · Adopted rule
Related notice published: May 20, 2015
Related notice effective date: May 20, 2015

(a)Experience points shall be credited an applicant in accordance with the following schedule:

REAL ESTATE BROKER POINT SYSTEM FOR LICENSED SALESPERSON ACTIVITY ONLY

	CATEGORY	POINT VALUE
RESIDENTIAL SALES:
1.	Single Family, condo, coop unit, multifamily (2 to 8 unit), farm (with residence, under 100 acres)	250
2.	Exclusive listings	10
3.	Open listings	1
4.	Binders effected	25
5.	Coop unit transaction approved by seller and buyer that fails to win Board of Directors approval	100
RESIDENTIAL RENTALS:
6.	Rentals or subleases effected	25
7.	Exclusive Listings	5
8.	Open Listings	1
9.	Property Management -Lease renewal	2
	-Rent collections per tenant/per year	1
COMMERCIAL SALES:
10.	Taxpayer	400
11.	Office Building	400
12.	Apartment Building (9 units or more)	400
13.	Shopping Center	400
14.	Factory/Industrial warehouse	400
15.	Hotel/Motel	400
16.	Transient garage/parking lot	400
17.	Multi-unit commercial condominium	400
18.	Urban commercial development site	400
19.	Alternative sale type transaction	400
20.	Single-tenant commercial condo	250
21.	Listings	10
COMMERCIAL LEASING:
22.	New Lease-aggregate rental $1 to $200,000	150
23.	New Lease-aggregate rental $200,000 to $ 1 million	250
24.	New Lease-aggregate rental over $1 million	400
25.	Renewal-aggregate rental $1 to $200,000	75
26.	Renewal-aggregate rental $200,000 to $1 million	125
27.	Renewal-aggregate rental over $1 million	200
28.	Listings	10
COMMERCIAL FINANCING
(includes residential properties of more than four units):
29.	$1 to $500,000	200
30.	$500,000 to $5,000,000	300
31.	Over $5,000,000	400
MISCELLANEOUS:
32.	Sale vacant lots, land (under 100 acres)	50
33.	Sale vacant land (more than 100 acres)	150
34.	Other must be fully explained	—
TOTAL POINTS NEEDED:		3,500

(b)An applicant shall have the burden of establishing to the satisfaction of the department that the applicant actually performed the work associated with the real estate transaction claimed as experience credit.

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