Page 1 of 202
***NYS REAL ESTATE BROKER LICENSE EXAM
REVIEW Q. BANK*** QUESTIONS AND
ANSWERS | VERIFIED AND WELL DETAILED
ANSWERS |DOWNLOAD AND PASS | LATEST
EXAM UPDATE 2026/2027
Daryl purchasing a home from Jamie with a $300,000
mortgage from a federally insured deposit institution. A
survey must be completed as part of the transaction.
What party MOST likely required the survey?
A. Daryl's lender
B. Daryl's attorney
C. Jamie's attorney
D. County assessor
❖Daryl's lender
,Page 2 of 202
A Manhattan resident purchases farmland in Clinton
County as an investment. The deed the buyer receives
should
A. not be recorded.
B. be recorded in Manhattan.
C. be recorded in Clinton County.
D. be recorded in the borough Manhattan and in Clinton
County.
❖C. be recorded in Clinton County
The DHCR's special unit for helping owners with
registration, bookkeeping, and record keeping is aimed at
apartment buildings with fewer than
A. 3 units.
B. 8 units.
C. 50 units.
,Page 3 of 202
D. 100 units.
❖C. 50 units..
The principle of caveat emptor states that if the purchaser
buys a faulty title, responsibility for the problem lies with
the
A. buyer.
B. seller.
C. broker.
D. abstractor.
❖buyer.
Which is NOT acceptable proof of title?
A. Torrens certificate
, Page 4 of 202
B. Title insurance policy
C. Abstract with lawyer's opinion
D. Deed signed by the last seller
❖D. Deed signed by the last seller
The booklet Settlement Costs and you must be distributed
by
A. escrow companies.
B. real estate brokers.
C. property insurers.
D. mortgage lenders.
❖D. mortgage lenders.
When recording a deed in New York City, an affidavit must
be provided to show that the house has
***NYS REAL ESTATE BROKER LICENSE EXAM
REVIEW Q. BANK*** QUESTIONS AND
ANSWERS | VERIFIED AND WELL DETAILED
ANSWERS |DOWNLOAD AND PASS | LATEST
EXAM UPDATE 2026/2027
Daryl purchasing a home from Jamie with a $300,000
mortgage from a federally insured deposit institution. A
survey must be completed as part of the transaction.
What party MOST likely required the survey?
A. Daryl's lender
B. Daryl's attorney
C. Jamie's attorney
D. County assessor
❖Daryl's lender
,Page 2 of 202
A Manhattan resident purchases farmland in Clinton
County as an investment. The deed the buyer receives
should
A. not be recorded.
B. be recorded in Manhattan.
C. be recorded in Clinton County.
D. be recorded in the borough Manhattan and in Clinton
County.
❖C. be recorded in Clinton County
The DHCR's special unit for helping owners with
registration, bookkeeping, and record keeping is aimed at
apartment buildings with fewer than
A. 3 units.
B. 8 units.
C. 50 units.
,Page 3 of 202
D. 100 units.
❖C. 50 units..
The principle of caveat emptor states that if the purchaser
buys a faulty title, responsibility for the problem lies with
the
A. buyer.
B. seller.
C. broker.
D. abstractor.
❖buyer.
Which is NOT acceptable proof of title?
A. Torrens certificate
, Page 4 of 202
B. Title insurance policy
C. Abstract with lawyer's opinion
D. Deed signed by the last seller
❖D. Deed signed by the last seller
The booklet Settlement Costs and you must be distributed
by
A. escrow companies.
B. real estate brokers.
C. property insurers.
D. mortgage lenders.
❖D. mortgage lenders.
When recording a deed in New York City, an affidavit must
be provided to show that the house has
