19 CRR-NY 179.3NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
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
19 CRR-NY 179.3
19 CRR-NY 179.3
179.3 Experience point schedule.
(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.
19 CRR-NY 179.3
Current through October 15, 2021
End of Document