NY REAL ESTATE LICENSE ACTUAL EXAM
PAPER 2026 COMPLETE QUESTIONS AND
VERIFIED SOLUTIONS GRADED A+
⩥ The final step of the real estate transaction when the buyer gets the
deed to the property, the seller gets the proceeds from the sale, and the
broker gets his or her commission is called?
A) Settling the transaction.
B) Negotiating the purchase contract.
C) Financing the purchase.
D) Listing the property. Answer: A) Settling the transaction.
⩥ A real estate salesperson works on behalf of a licensed real estate
broker to perform any of the following duties associated with real estate
transactions except?
A) List property
B) Sell property
C) Lease property
D) Collect commissions. Answer: D) Collect commissions
,⩥ An___________ real estate broker is a licensed real estate broker who
chooses to work under the name and supervision of a licensed real estate
broker.
A) associate
B) administrative
C) executive
D) affiliate. Answer: A) associate
⩥ Which of the following is NOT one of the real estate broker license
types?
A) Salesperson
B) Trade name broker
C) Partnership broker
D) Corporate broker. Answer: A) Salesperson
⩥ From whom can a salesperson receive compensation?
A) From any broker he or she works for
B) From a broker or client
C) From his or her sponsoring broker only
,D) From the broker or another licensee in the same firm. Answer: C)
From his or her sponsoring broker only
⩥ How many members does the Governor appoint to the Board of Real
Estate?
A) 5 brokers and no public members
B) 4 brokers and 3 public members
C) 3 brokers and 4 public members
D) 1 broker and 1 public member. Answer: C) 3 brokers and 4 public
members
⩥ In New York the real estate examinee must correctly answer at least
______percent of the questions to pass the exam.
A) 70
B) 75
C) 80
D) 90. Answer: A) 70
⩥ For what are members of the Board compensated?
A) Their time
, B) Their expertise
C) Contractual terms
D) Expense reimbursements. Answer: D) Expense reimbursements
Members of the Board receive no compensation for their service but are
reimbursed for actual and necessary expenses.
⩥ Who is authorized to prescribe the content of real estate courses?
A) NYS Board of Real Estate members
B) The NYS Governor
C) The Department of State
D) The Secretary of State. Answer: A) NYS Board of Real Estate
members
⩥ Which penalty is not imposed by the DOS on a real estate broker for
engaging in fraud?
A) License revocation
B) Fine
C) Imprisonment
D) Reprimand. Answer: C) Imprisonment
PAPER 2026 COMPLETE QUESTIONS AND
VERIFIED SOLUTIONS GRADED A+
⩥ The final step of the real estate transaction when the buyer gets the
deed to the property, the seller gets the proceeds from the sale, and the
broker gets his or her commission is called?
A) Settling the transaction.
B) Negotiating the purchase contract.
C) Financing the purchase.
D) Listing the property. Answer: A) Settling the transaction.
⩥ A real estate salesperson works on behalf of a licensed real estate
broker to perform any of the following duties associated with real estate
transactions except?
A) List property
B) Sell property
C) Lease property
D) Collect commissions. Answer: D) Collect commissions
,⩥ An___________ real estate broker is a licensed real estate broker who
chooses to work under the name and supervision of a licensed real estate
broker.
A) associate
B) administrative
C) executive
D) affiliate. Answer: A) associate
⩥ Which of the following is NOT one of the real estate broker license
types?
A) Salesperson
B) Trade name broker
C) Partnership broker
D) Corporate broker. Answer: A) Salesperson
⩥ From whom can a salesperson receive compensation?
A) From any broker he or she works for
B) From a broker or client
C) From his or her sponsoring broker only
,D) From the broker or another licensee in the same firm. Answer: C)
From his or her sponsoring broker only
⩥ How many members does the Governor appoint to the Board of Real
Estate?
A) 5 brokers and no public members
B) 4 brokers and 3 public members
C) 3 brokers and 4 public members
D) 1 broker and 1 public member. Answer: C) 3 brokers and 4 public
members
⩥ In New York the real estate examinee must correctly answer at least
______percent of the questions to pass the exam.
A) 70
B) 75
C) 80
D) 90. Answer: A) 70
⩥ For what are members of the Board compensated?
A) Their time
, B) Their expertise
C) Contractual terms
D) Expense reimbursements. Answer: D) Expense reimbursements
Members of the Board receive no compensation for their service but are
reimbursed for actual and necessary expenses.
⩥ Who is authorized to prescribe the content of real estate courses?
A) NYS Board of Real Estate members
B) The NYS Governor
C) The Department of State
D) The Secretary of State. Answer: A) NYS Board of Real Estate
members
⩥ Which penalty is not imposed by the DOS on a real estate broker for
engaging in fraud?
A) License revocation
B) Fine
C) Imprisonment
D) Reprimand. Answer: C) Imprisonment
