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New York · Through 2026-09-11

N.Y. Real Property Law § 441-b: License fees

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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

§ 441-b. License fees. 1. The fee for a license issued or reissued

under the provisions of this article entitling a person, co-partnership,

limited liability company or corporation to act as a real estate broker

shall be one hundred fifty-five dollars plus an additional thirty dollar

surcharge. Such surcharge shall be collected by the department of state

and deposited into the anti-discrimination in housing fund established

pursuant to section eighty-a of the state finance law to be used for

statewide fair housing testing efforts. The fee for a license issued or

reissued under the provisions of this article entitling a person to act

as a real estate salesperson shall be fifty-five dollars plus an

additional ten dollar surcharge. Such surcharge shall be collected by

the department of state and deposited into the anti-discrimination in

housing fund established pursuant to section eighty-a of the state

finance law to be used for statewide fair housing testing efforts.

Notwithstanding the provisions of subdivision seven of section four

hundred forty-one-a of this article, after January first, nineteen

hundred eighty-six, the secretary of state shall assign staggered

expiration dates for outstanding licenses that have been previously

renewed on October thirty-first of each year from the assigned date

unless renewed. If the assigned date results in a term that exceeds

twenty-four months, the applicant shall pay an additional prorated

adjustment together with the regular renewal fee. The secretary of state

shall assign dates to existing licenses in a manner which shall result

in a term of not less than two years.

1-A. The fee for a person to take an examination offered by the

secretary of state pursuant to this article shall be fifteen dollars.

Fees collected by the department of state pursuant to this article shall

be deposited to the credit of the business and licensing services

account established pursuant to section ninety-seven-y of the state

finance law.

2. Corporations and co-partnerships. If the licensee be a corporation,

the license issued to it shall entitle the president thereof or such

other officer as shall be designated by such corporation, to act as a

real estate broker. For each other officer who shall desire to act as a

real estate broker in behalf of such corporation an additional license

expiring on the same date as the license of the corporation shall be

applied for and issued, as hereinbefore provided, the fee for which

shall be the same as the fee required by this section for the license to

the corporation. No license as a real estate salesperson shall be issued

to any officer of a corporation nor to any manager or member of a

limited liability company nor to a member of a co-partnership licensed

as a real estate broker. If the licensee be a co-partnership the license

issued to it shall entitle one member thereof to act as a real estate

broker, and for each other member of the firm who desires to act as a

real estate broker an additional license expiring on the same date as

the license of the co-partnership shall be applied for and issued, as

hereinbefore provided, the fee for which shall be the same as the fee

required by this section for the license to the co-partnership. If the

licensee be a limited liability company, the license issued to it shall

entitle one member thereof or one manager thereof to act as a real

estate broker, and for each other member or manager of the firm who

desires to act as a real estate broker an additional license expiring on

the same date as the license of the limited liability company shall be

applied for and issued, as hereinbefore provided, the fee for which

shall be the same as the fee required by this section for the license to

the limited liability company. In case a person licensed individually as

a real estate broker thereafter becomes an officer of a corporation or a

member or manager of a limited liability company or a member of a

co-partnership an application shall be made in behalf of such

corporation, limited liability company or co-partnership for a broker's

license for them as its representative for the remainder of the then

current license term, provided that the license and pocket card

previously issued to the licensee in their individual capacity shall

have been returned to the department whereupon the department shall

cause a properly signed endorsement to be made without charge on the

face of such license and pocket card as to such change of license status

and return the license and pocket card to the licensee.

3. Disposition of fees. The department of state shall on the first day

of each month make a verified return to the department of taxation and

finance of all fees received by it under this article during the

preceding calendar month, stating from what city or county received and

by whom and when paid.

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

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