NY REAL ESTATE EXAM 2026–2027 | (75
QUESTIONS AND CORRECT ANSWERS) |
ALREADY GRADED A+ | 100% VERIFIED
Introduction
This structured NY Real Estate Exam format for 2026–2027 provides the complete layout
for generating high-quality exam-style questions with correct answers and rationales. It
emphasizes property ownership, real estate finance, agency law, contracts, and New York
State specific regulations critical to professional real estate practice and successful state
licensing.
1. Which section of the New York Real Estate License Law covers the regulation of real
estate brokers and salespersons?
A. Article 78
B. Article 12-A
C. Article 9
D. Section 440
Rationale: Article 12-A is the primary body of law in New York that governs the licensing
and conduct of real estate professionals to protect the public from fraud and incompetence.
2. A property owner has the right to use the water from a moving stream that runs
through their land. This is known as:
A. Littoral rights
B. Riparian rights
C. Avulsion
D. Accretion
Rationale: Riparian rights refer to the legal rights of owners of land that borders on a river
or stream. Littoral rights apply to stationary bodies of water like lakes or oceans.
3. Which type of ownership provides the most complete bundle of rights and is of
indefinite duration?
,A. Life estate
B. Leasehold estate
C. Fee simple absolute
D. Determinable fee
Rationale: Fee simple absolute is the highest form of property ownership available under
the law, representing absolute ownership without conditions.
4. In New York, if two or more people (not a married couple) own property together
and the deed does not specify the type of tenancy, they are presumed to be:
A. Joint tenants
B. Tenants in common
C. Tenants by the entirety
D. Several owners
Rationale: Unless explicitly stated otherwise in the deed, New York law presumes that co-
owners who are not spouses hold title as tenants in common, meaning there is no right of
survivorship.
5. A standard fiduciary duty requires an agent to put the client's interests above their
own. This is known as:
A. Disclosure
B. Loyalty
C. Confidentiality
D. Obedience
Rationale: Loyalty is the core fiduciary duty that prevents the agent from placing their own
interests or the interests of a third party above those of the principal.
6. Which form of listing agreement is illegal in the state of New York?
A. Open listing
, B. Exclusive Agency
C. Exclusive Right to Sell
D. Net listing
Rationale: Net listings, where the broker keeps any amount over a set price, are illegal in
NY because they create a conflict of interest and invite fraud.
7. A real estate salesperson is an agent to their broker and a(n) ________ to the broker's
client.
A. Principal
B. Subagent
C. Customer
D. Facilitator
Rationale: Since the listing agreement is between the broker and the client, the salesperson
acts on behalf of the broker, making them a subagent to the client.
8. What is the name of the illegal practice of encouraging people to sell their homes
by claiming that a specific demographic group is moving into the neighborhood?
A. Steering
B. Redlining
C. Blockbusting
D. Panic peddling
Rationale: Blockbusting, also known as panic peddling, is a violation of the Fair Housing Act
and NY State Human Rights Law.
9. If an agent shows a buyer only homes in areas with a high concentration of the
buyer's own ethnic background, the agent is guilty of:
A. Blockbusting
B. Steering
QUESTIONS AND CORRECT ANSWERS) |
ALREADY GRADED A+ | 100% VERIFIED
Introduction
This structured NY Real Estate Exam format for 2026–2027 provides the complete layout
for generating high-quality exam-style questions with correct answers and rationales. It
emphasizes property ownership, real estate finance, agency law, contracts, and New York
State specific regulations critical to professional real estate practice and successful state
licensing.
1. Which section of the New York Real Estate License Law covers the regulation of real
estate brokers and salespersons?
A. Article 78
B. Article 12-A
C. Article 9
D. Section 440
Rationale: Article 12-A is the primary body of law in New York that governs the licensing
and conduct of real estate professionals to protect the public from fraud and incompetence.
2. A property owner has the right to use the water from a moving stream that runs
through their land. This is known as:
A. Littoral rights
B. Riparian rights
C. Avulsion
D. Accretion
Rationale: Riparian rights refer to the legal rights of owners of land that borders on a river
or stream. Littoral rights apply to stationary bodies of water like lakes or oceans.
3. Which type of ownership provides the most complete bundle of rights and is of
indefinite duration?
,A. Life estate
B. Leasehold estate
C. Fee simple absolute
D. Determinable fee
Rationale: Fee simple absolute is the highest form of property ownership available under
the law, representing absolute ownership without conditions.
4. In New York, if two or more people (not a married couple) own property together
and the deed does not specify the type of tenancy, they are presumed to be:
A. Joint tenants
B. Tenants in common
C. Tenants by the entirety
D. Several owners
Rationale: Unless explicitly stated otherwise in the deed, New York law presumes that co-
owners who are not spouses hold title as tenants in common, meaning there is no right of
survivorship.
5. A standard fiduciary duty requires an agent to put the client's interests above their
own. This is known as:
A. Disclosure
B. Loyalty
C. Confidentiality
D. Obedience
Rationale: Loyalty is the core fiduciary duty that prevents the agent from placing their own
interests or the interests of a third party above those of the principal.
6. Which form of listing agreement is illegal in the state of New York?
A. Open listing
, B. Exclusive Agency
C. Exclusive Right to Sell
D. Net listing
Rationale: Net listings, where the broker keeps any amount over a set price, are illegal in
NY because they create a conflict of interest and invite fraud.
7. A real estate salesperson is an agent to their broker and a(n) ________ to the broker's
client.
A. Principal
B. Subagent
C. Customer
D. Facilitator
Rationale: Since the listing agreement is between the broker and the client, the salesperson
acts on behalf of the broker, making them a subagent to the client.
8. What is the name of the illegal practice of encouraging people to sell their homes
by claiming that a specific demographic group is moving into the neighborhood?
A. Steering
B. Redlining
C. Blockbusting
D. Panic peddling
Rationale: Blockbusting, also known as panic peddling, is a violation of the Fair Housing Act
and NY State Human Rights Law.
9. If an agent shows a buyer only homes in areas with a high concentration of the
buyer's own ethnic background, the agent is guilty of:
A. Blockbusting
B. Steering
