Real Estate Investments Held by Trusts
Among the many topics, this class will include:
- What is a trust? What is a trust?
- How is it used
- Types of trusts
- Legalities of drawing up a trust
- Trust clauses: Trustee, fiduciary responsibility
- Assets
- Uses
- Powers- holding realty
- Life, termination, distributions
- Liabilities
- Beneficiaries
- Costs of operation
- Cooperative apartments, special status and pass-through attributes
- Condominiums
- Free standing homes
- REITS, real estate investment trusts
- Other tax issues
Continuing Education
We offer at least 12 different day/night sessions every month so you can finish your requirements at your convenience. Students will typically be able to finish the course the same week they start. Students and licensees are responsible for maintaining records of course completion to be submitted as proof when requested by the Department of State.
Licensed salespersons and brokers must complete 22.5 hours of approved continuing education, including 2 hours of cultural competency, 2 hours of implicit bias training, 2.5 hours on ethical business practices, 1 hour of recent legal matters, 3 hours on fair housing and/or discrimination, and 1 hour on the law of agency. For real estate salespersons, 2 hours of agency-related instruction must be completed within the two-year period before renewal.
Continuing Education
Licensed brokers and salespersons are eligible to take any of our continuing education courses for credit.
Course Access Term
Classroom and Livestream Courses
Our Classroom and Livestream Courses must be completed within 4 months of registration date. After 4 months, courses will automatically expire and will not be accessible. Students may purchase an extension if they wish to continue in the course after 4 months.
Self-Paced Online
Online students have 4 months to complete their salesperson licensing course. After 4 months, the course will expire and students must purchase an extension to continue. According to New York Department of State regulations, students must complete their online coursework and the school’s final exam within 12 months from the date of purchase. If the student does not complete the coursework and exam within 12 months, the student will have to repurchase and retake the entire course again.
Extension Fees
Students are encouraged to purchase an extension if they require more than 4 months to complete their coursework. The fees charged for extensions are:
Course |
2 Month Extension |
1 Month Extension |
77 Hr Salesperson Licensing |
$150 |
$100 |
75 Hr Broker Licensing |
$150 |
$100 |
30 Hr Remedial |
$150 |
$100 |
To request an extension, please call the office (212) 967-7508 or send an email info@nyrei.com
Course Completion And Credit
Once you pass the in-person proctored final exam, you will be issued your course completion certificate. The school will notify the state that you successfully passed the course.
Switching Between Online And In-Person Courses
Students may switch between live in-person and zoom streaming classes only. Each class earns credit once, and students won’t receive credit for attending the same class multiple times.
If a student hasn’t started the course yet, they may switch between live in-person or zoom and online self paced.
If a student already started the course live in-person and wishes to switch to online self paced any hours completed online will not transfer and must be retaken. For assistance email info@nyrei.com or chat with someone live via the chat widget on the website.
Refund Policy
Refunds less a $25 administration fee will only be given if a written request is received within 3 days of registration and will be made to the original form of payment. If requested after the 3 day period, students will receive school credit that never expires; the credit is transferable to someone else if the course has not been started. No refund will be given once you have attended a class. No refund will be given for any books and/or course materials received. Upon written request, a check will be mailed to you within 14 business days.
To request a refund, please send written notice by email info@nyrei.com.
Proctored Exam
All students pursuing their license must sit for a proctored school exam after completing their required hours. NYREI is approved to offer the proctored exam online. Please note that it may take up to 24 hours to confirm registration enabling access to the online test. Students must have access to a computer with a camera that can display their face. Students are required to show a government issued ID to take the school exam.
Proctored exams are administered at our Manhattan location on Mondays at 1pm for Salesperson Licensing and Mondays at 3pm for the Broker Licensing. However, you can schedule a private proctored exam at any time convenient to you for an additional $50 proctor fee.
Please note: Students must bring #2 pencils, a calculator, and a valid photo ID. Self-paced online students must bring a printed copy of their Student Affidavit.
If you would like information on taking the proctored exam in an approved location outside of Manhattan, please email info@nyrei.com.
Manhattan Branch
132 W 36th Street, 2nd Floor
New York, NY 10018
Phone: (212) 967-7508
Email: info@nyrei.com