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 New York Codes Rules Regulations (Last Updated: March 27,2024)
 TITLE 19. Department of State
 Chapter V. Division of Licensing Services
 Subchapter D. Real Estate Brokers and Salesmen
 Part 179. Determination of Real Estate Experience

  Sec. 179.3. Experience point schedule

Latest version.
  • (a) Experience points shall be credited an applicant in accordance with the following schedule:
    REAL ESTATE BROKER POINT SYSTEM FOR LICENSED SALESPERSON ACTIVITY ONLY
    CATEGORYPOINT 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.