AboutHans Weber, Licensed Broker Associate Expertise I am able to answer questions related to buying or selling residential real estate in New York. There are many questions buyers and sellers have about the process of buying or selling a home that they are afraid to ask or that might seem too simple to ask. For instance: in a house, why do some doors open in and some doors open out?
Experience Licensed real estate agent in New York State in 1988.
Serving buyers and sellers as a full time occupation since 1988 with over 300 successful residential real estate transactions.
Organizations National Association of Realtors.
Westchester County Board of Realtors.
Education/Credentials Graduate of Pace University in 1988 majoring in business and minors in taxation and computer science.
Awards and Honors Consistently one of top sales awarding winning agents for Coldwell Banker in Westchester County.
Question Hi, I am not sure if you can answer this question or not, but I was speaking with a gentleman and he lead me to believe that if I held my realtor license that I could have the potential to save on realtor fees and maybe some other costs. Does anything of such nature sound true? I am located in NY as well. Also if this true could I still save if there already a realtor involved in the selling? Thanks a lot
Answer Hello Jason,
Thank you for your question.
To get a sales agent license you have to take the 45 real estate course and pass it and then you have to have a real estate broker sponsor you to take the New York state real estate exam and pass. Then you have to pay the fee to get the license to your broker who will hold it and be responsible for you. Then you have to join the local board and pay your dues. Then you can begin to start your real estate career.
There are specific rules of ethics regarding relationships between real estate agents/brokers and their clients. Once a client has retained a broker, another agent may not interfere with this agency relationship. If someone does they can be fined or lose their license.
As far as saving fees goes, you would have to make those arrangements with your broker. If you were listing or buying your own home you would save anyway by earning your listing or buying side commission.
