N.Y. Comp. Codes R. & Regs. tit. 19 § 176.4

Current through Register Vol. 46, No. 50, December 11, 2024

Section 176.4 - Subjects for study-real estate broker

The education qualifications for real estate broker's license requires the completion of:

(a) an approved real estate salesperson's course except that a salesperson who was licensed prior to November 1, 1979, may substitute 75 hours of approved continuing education in lieu of a salesperson's course; and

(b) an approved real estate broker's course

Before enrolling a student into an approved broker's course, the education coordinator must be provided with evidence of a signed statement from the student indicating that he/she has successfully completed the salesperson's course. Proof of the student's completion of the prerequisite course must be kept on file by the education coordinator. The following are the required subjects to be included in the course of study in real estate for licensure as a real estate broker and the required number of hours to be devoted to each subject:

Broker's Course Subject Matter	Hours
Agency Law, License Law and Operating a Real Estate Office	16 hours
Real Estate Finance	2 hours
Real Property Investment	4 hours
General Business Law	3 hours
Construction and Development	3 hours
Conveyance of Real Property	1 hour
Real Property Management	4 hours
Taxes and Assessments	1 hour
Advanced Fair Housing and Fair Lending	3 hours
Achieving Transactional Agreements through Transaction Analysis	6 hours
Local Issues and Concerns *	2 hours

* Cease and desist regulations

* Nonsolicitation orders

* Illegal entities/conversions

* Rent regulations (rent control, rent stabilization)

* Farm land

* Forestry

* Sign ordinances

* Zoning

* Waterfront property

* Wetlands/restrictions

* Environment problems in an area

* Role of real estate professionals in the community

* Property values impact on the economy

* Impact of government on property values

Instruction	45 hours
Final examination	3 hours
	48 hours

* Program coordinators are not limited to these topics. They must, however, submit an outline and learning objectives for the two hours that will be presented to students. The outline and learning objectives must explain how local issues and concerns impact property values.

All approved instructors must use this course syllabus in conducting their program.

N.Y. Comp. Codes R. & Regs. Tit. 19 § 176.4

Amended New York State Register June 6, 2018/Volume XL, Issue 23, eff. 9/1/2018

The amended version of this section by New York State Register December 7, 2022/Volume XLIV, Issue 49, eff. 12/21/2022 is not yet available