NYS REAL ESTATE EXAM 2026 UPDATE
QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
(BRAND NEW VISION)
A real Estate Company listed a piece of property at $4.50 per square foot. The lot was
50 feet x 137 feet. The commission was 7.25%. What amount would the seller pay the
real estate company? - ANS-$2,2234.83
all of the following are defined and protected under familial status according to the 1988
amendment of federal fair housing law of 1968 except for which one? - ANS-married
couples without children
what does the term "escheat" mean in the context of real estate? - ANS-the process of
a property being taken over by a government entity.
if the market value of real estate is $72,000 and the property is assessed at 67% of
value, what would be the monthly taxes if the tax rate for the area is $6.50 per $100 of
assed value? - ANS-$261.30
Betty smith took title property in the name Elizabeth smith. When she sold the property,
she signed Betty smith as grantor. The buyer has which of the following? - ANS-
uncertain ownership rights
all of the following are involved in the secondary mortgage market except for which
one? - ANS-homebuyers
what is the method of creating an agency relationship in which the principal accepts the
conduct of someone who acted without prior authorization as the principals agent? -
ANS-ratified agency
a buyer wishes to give a post dated check with an offer. What should the broker do. -
ANS-advise the buyer to provide a certified check instead.
Sharon made an offer on her dream home and to show the seller she was a serious
buyer she offered a sum of money to be held in escrow that she will forfeit if she does
not fulfill her end of the deal. What is the sum of money to be held in escrow as a good
faith deposit called? - ANS-Earnest money
, Once all terms of a contract have been fulfilled and the transaction has closed the
contract status is said to be fully: - ANS-excited
John signs a six month lease on an apartment beiginning January 1st and ending June
30th. His lease does not automatically renew and no notice is required on his part to
vacate on the expiration date. What type of lease did John sign? - ANS-estate for
years
what duty does an agent acting as a property manager owe a property owner? - ANS-
fiduciary duties
A property management contract should include all of the following except: - ANS-
signature of the tenant
Which statement below is true concerning mutal recognition? - ANS-it simplifies the
process of obtaining a real estate license in multiple states
The seller has chosen to list his house with ABC Brokerage and is organizing a lottery
where participants purchase $1,000 tickets. The winner drawn at the end of the will
become the new Owner of the Home. Which statement below applies? - ANS-
participants Purchasse Tickets, and the winner becomes the new owner.
Which of the following statements is true registration with the department of business
and Professional Regulations? - ANS-Registration is required for real estate
Sabrina and Logan have formed a parternship for real estate transactions, each
investing a 50% interest and agreeing to split the profits equally. Which statement below
is true about their arrangement? - ANS-They will split profits equally, regardless of their
investment percentages.
Donnies neighbor Paul has an easement to cross Donnie's property to get his own. The
easement is recorded and transfers with the land if either donnie or Paul sell their
property When an easement is on title it is an example of an: - ANS-Encumbrance
Sales associate Jimmy, a top producer at highland homes, has been asked by the
owner to work at a new highland homes location in addition to his current location. What
is true about Jimmy's situation? - ANS-Jimmy will split his time between the new
location and his current location.
Among relatives estate relationships disclosure forms, which is the only form that
requires a signature of initials? - ANS-Dual agency disclosure form
Which statement below is true concerning agency in real estate? - ANS-Agents are
always required to disclose their agency relationships to all parties involved in real esate
transaction.
QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
(BRAND NEW VISION)
A real Estate Company listed a piece of property at $4.50 per square foot. The lot was
50 feet x 137 feet. The commission was 7.25%. What amount would the seller pay the
real estate company? - ANS-$2,2234.83
all of the following are defined and protected under familial status according to the 1988
amendment of federal fair housing law of 1968 except for which one? - ANS-married
couples without children
what does the term "escheat" mean in the context of real estate? - ANS-the process of
a property being taken over by a government entity.
if the market value of real estate is $72,000 and the property is assessed at 67% of
value, what would be the monthly taxes if the tax rate for the area is $6.50 per $100 of
assed value? - ANS-$261.30
Betty smith took title property in the name Elizabeth smith. When she sold the property,
she signed Betty smith as grantor. The buyer has which of the following? - ANS-
uncertain ownership rights
all of the following are involved in the secondary mortgage market except for which
one? - ANS-homebuyers
what is the method of creating an agency relationship in which the principal accepts the
conduct of someone who acted without prior authorization as the principals agent? -
ANS-ratified agency
a buyer wishes to give a post dated check with an offer. What should the broker do. -
ANS-advise the buyer to provide a certified check instead.
Sharon made an offer on her dream home and to show the seller she was a serious
buyer she offered a sum of money to be held in escrow that she will forfeit if she does
not fulfill her end of the deal. What is the sum of money to be held in escrow as a good
faith deposit called? - ANS-Earnest money
, Once all terms of a contract have been fulfilled and the transaction has closed the
contract status is said to be fully: - ANS-excited
John signs a six month lease on an apartment beiginning January 1st and ending June
30th. His lease does not automatically renew and no notice is required on his part to
vacate on the expiration date. What type of lease did John sign? - ANS-estate for
years
what duty does an agent acting as a property manager owe a property owner? - ANS-
fiduciary duties
A property management contract should include all of the following except: - ANS-
signature of the tenant
Which statement below is true concerning mutal recognition? - ANS-it simplifies the
process of obtaining a real estate license in multiple states
The seller has chosen to list his house with ABC Brokerage and is organizing a lottery
where participants purchase $1,000 tickets. The winner drawn at the end of the will
become the new Owner of the Home. Which statement below applies? - ANS-
participants Purchasse Tickets, and the winner becomes the new owner.
Which of the following statements is true registration with the department of business
and Professional Regulations? - ANS-Registration is required for real estate
Sabrina and Logan have formed a parternship for real estate transactions, each
investing a 50% interest and agreeing to split the profits equally. Which statement below
is true about their arrangement? - ANS-They will split profits equally, regardless of their
investment percentages.
Donnies neighbor Paul has an easement to cross Donnie's property to get his own. The
easement is recorded and transfers with the land if either donnie or Paul sell their
property When an easement is on title it is an example of an: - ANS-Encumbrance
Sales associate Jimmy, a top producer at highland homes, has been asked by the
owner to work at a new highland homes location in addition to his current location. What
is true about Jimmy's situation? - ANS-Jimmy will split his time between the new
location and his current location.
Among relatives estate relationships disclosure forms, which is the only form that
requires a signature of initials? - ANS-Dual agency disclosure form
Which statement below is true concerning agency in real estate? - ANS-Agents are
always required to disclose their agency relationships to all parties involved in real esate
transaction.
