Experience point schedule
Source version current through Nov 30, 2022
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- NYCRR title agency
- Department of State
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- Source version current through
- Nov 30, 2022
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- 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.