A new law, signed by Gov. Andrew Cuomo in late October, eliminates the ability for longtime real estate license holders to be exempt from 22.5 hours of continuing education starting on July 1, 2021.
Previously, any agent or broker licensed before July 2008 who continuously held their license for at least 15 years would be excused from taking continuing education classes.
The new law also requires two-and-a-half hours of “ethical business practices” and one hour dedicated to legal updates. That’s in addition to the previously mandated three hours of classes related to fair housing and/or discrimination and an hour related to law of agency.