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New York · Through 2026-09-11

N.Y. Real Property Law § 440-a: License required for real estate brokers and salespersons

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Where this section sits in the code
  1. Real Property Law
  2. Article 12-A. Real Estate Brokers and Real Estate Salespersons

§ 440-a. License required for real estate brokers and salespersons. No

person, co-partnership, limited liability company or corporation shall

engage in or follow the business or occupation of, or hold themselves or

itself out or act temporarily or otherwise as a real estate broker or

real estate salesperson in this state without first procuring a license

therefor as provided in this article. No person shall be entitled to a

license as a real estate broker under this article, either as an

individual or as a member of a co-partnership, or as a member or manager

of a limited liability company or as an officer of a corporation, unless

they are twenty years of age or over. No person shall be entitled to a

license as a real estate salesperson under this article unless they are

over the age of eighteen years. No person shall be entitled to a license

as a real estate broker or real estate salesperson under this article

who has been convicted in this state or elsewhere of a crime, unless the

secretary makes a finding in conformance with all applicable statutory

requirements, including those contained in article twenty-three-A of the

correction law, that such convictions do not constitute a bar to

licensure. No person shall be entitled to a license as a real estate

broker or real estate salesperson under this article who does not meet

the requirements of section 3-503 of the general obligations law.

Notwithstanding anything to the contrary in this section, tenant

associations and not-for-profit corporations authorized in writing by

the commissioner of the department of the city of New York charged with

enforcement of the housing maintenance code of such city to manage

residential property owned by such city or appointed by a court of

competent jurisdiction to manage residential property owned by such city

shall be exempt from the licensing provisions of this section with

respect to the properties so managed.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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