NY STATE EXAM PRACTICE EXAM NEWEST 2026|
COMPLETE 287 QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+
Question 1
Who is primarily responsible for issuing real estate licenses,
pocket cards, and handing down disciplinary action in New York
State?
A) The Department of Financial Services
B) The Department of State
C) The Real Estate Board of New York
D) The County Clerk's Office
Correct Answer: B) The Department of State
Rationale: The New York State Department of State is the
primary regulatory authority responsible for issuing real estate
licenses, pocket cards, and handling disciplinary actions against
1
,licensees. This authority is established under Article 12-A of the
New York Real Property Law . The Department ensures that all
real estate professionals comply with state regulations and
maintains professional standards within the industry.
Question 2
Which law outlines the roles and duties of the Department of
State regarding real estate regulation?
A) Article 12-A
B) Article 15-B
C) The General Business Law
D) The Real Property Tax Law
Correct Answer: A) Article 12-A
Rationale: Article 12-A of the New York Real Property Law
specifically outlines the roles, duties, and responsibilities of the
2
,Department of State in regulating real estate professionals. This
article establishes the legal framework for licensing, disciplinary
actions, and oversight of real estate brokers and salespersons in
New York State .
Question 3
Which of the following is NOT one of the fiduciary duties owed
by a real estate agent to their client?
A) Obedience
B) Loyalty
C) Profit Maximization
D) Confidentiality
Correct Answer: C) Profit Maximization
Rationale: The fiduciary duties owed by a real estate agent
include obedience (acting in accordance with client instructions),
3
, loyalty (working in the client's best interest), disclosure of
information (communicating with the client and presenting all
offers), confidentiality (protecting client information),
accountability, and reasonable care. Profit maximization is not a
fiduciary duty; agents must act in the client's best interest but are
not required to achieve the highest possible price .
Question 4
A real estate agent must present all offers to their client. This
requirement falls under which fiduciary duty?
A) Obedience
B) Confidentiality
C) Disclosure of Information
D) Accountability
Correct Answer: C) Disclosure of Information
4
COMPLETE 287 QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+
Question 1
Who is primarily responsible for issuing real estate licenses,
pocket cards, and handing down disciplinary action in New York
State?
A) The Department of Financial Services
B) The Department of State
C) The Real Estate Board of New York
D) The County Clerk's Office
Correct Answer: B) The Department of State
Rationale: The New York State Department of State is the
primary regulatory authority responsible for issuing real estate
licenses, pocket cards, and handling disciplinary actions against
1
,licensees. This authority is established under Article 12-A of the
New York Real Property Law . The Department ensures that all
real estate professionals comply with state regulations and
maintains professional standards within the industry.
Question 2
Which law outlines the roles and duties of the Department of
State regarding real estate regulation?
A) Article 12-A
B) Article 15-B
C) The General Business Law
D) The Real Property Tax Law
Correct Answer: A) Article 12-A
Rationale: Article 12-A of the New York Real Property Law
specifically outlines the roles, duties, and responsibilities of the
2
,Department of State in regulating real estate professionals. This
article establishes the legal framework for licensing, disciplinary
actions, and oversight of real estate brokers and salespersons in
New York State .
Question 3
Which of the following is NOT one of the fiduciary duties owed
by a real estate agent to their client?
A) Obedience
B) Loyalty
C) Profit Maximization
D) Confidentiality
Correct Answer: C) Profit Maximization
Rationale: The fiduciary duties owed by a real estate agent
include obedience (acting in accordance with client instructions),
3
, loyalty (working in the client's best interest), disclosure of
information (communicating with the client and presenting all
offers), confidentiality (protecting client information),
accountability, and reasonable care. Profit maximization is not a
fiduciary duty; agents must act in the client's best interest but are
not required to achieve the highest possible price .
Question 4
A real estate agent must present all offers to their client. This
requirement falls under which fiduciary duty?
A) Obedience
B) Confidentiality
C) Disclosure of Information
D) Accountability
Correct Answer: C) Disclosure of Information
4
