NY Real Estate Exam Actual Exam (
Version) | Complete Questions and
Correct Answers with Detailed
Explanations| Verified Answers with
100% 2026
Which of the following can do the transaction without having a real estate license?
A) A non-profit corporation negotiating rent for a branch office
B) An office tenant negotiating rent on behalf of another tenant
C) An executor selling property as part of the instructions left in a will
D) A building superintendent collecting rent
E) A salesperson who let her license expire and is selling property for a neighbor for a fee -
Correct Answers A)
C)
D)
Which of these define a real estate broker?
A) A licensed broker who chooses to work under the supervision and name of another licensed
broker
,B) A person associated with a licensed broker who performs real estate activities under the
licensed broker's supervision
C) Any person, firm, company, or corporation that performs real estate activities for a fee or
compensation of any kind - Correct Answers C) Any person, firm, company, or corporation that
performs real estate activities for a fee or compensation of any kind
If the activity is "for another, for a fee", then it requires a ________ - Correct Answers Real
estate license
A Real Estate Broker must meet which of the following criteria?
A) Age
B) Course Hour
C) How long have they hold the license - Correct Answers A) At least 20 years old
B) Completed 120-hour course and passed the broker exam
C) She held a real estate license for two years
When is a real estate license required?
A) When performing maintenance work for one property owner
B) When performing real estate activities for others, for compensation of any kind
C) When performing real estate activities for others, without compensation
D) When performing real estate activities for yourself - Correct Answers B)
Which of the following persons can perform real estate services without a license?
, A) Carolee, an attorney who sometimes acts as a broker but who does not employ salespeople
to work under her supervision
B) Mabel, who charges a flat fee to assist individuals in buying properties
C) Paul, who has three years' prior real estate experience and charges a flat fee to assist
individuals in selling properties
D) Zeke, an attorney who acts as a broker and who employs two salespeople to work under his
supervision - Correct Answers A)
T/F
Your sponsoring broker must display your salesperson's license at the branch where you work -
Correct Answers False
T/F
You must carry your Pocket Card on you at all times - Correct Answers True
Theresa let her real estate license lapse a few months ago, but she's thinking about reactivating
it. If she meets all the requirements for renewal within ________ of the expiration of her
license, she won't have to retake the state licensing exam.
A) 12 months
B) 30 days
C) 90 days
D) Two years - Correct Answers D) Tw0 Years
The earliest that a real estate license can be renewed is ________ before its expiration date.
Version) | Complete Questions and
Correct Answers with Detailed
Explanations| Verified Answers with
100% 2026
Which of the following can do the transaction without having a real estate license?
A) A non-profit corporation negotiating rent for a branch office
B) An office tenant negotiating rent on behalf of another tenant
C) An executor selling property as part of the instructions left in a will
D) A building superintendent collecting rent
E) A salesperson who let her license expire and is selling property for a neighbor for a fee -
Correct Answers A)
C)
D)
Which of these define a real estate broker?
A) A licensed broker who chooses to work under the supervision and name of another licensed
broker
,B) A person associated with a licensed broker who performs real estate activities under the
licensed broker's supervision
C) Any person, firm, company, or corporation that performs real estate activities for a fee or
compensation of any kind - Correct Answers C) Any person, firm, company, or corporation that
performs real estate activities for a fee or compensation of any kind
If the activity is "for another, for a fee", then it requires a ________ - Correct Answers Real
estate license
A Real Estate Broker must meet which of the following criteria?
A) Age
B) Course Hour
C) How long have they hold the license - Correct Answers A) At least 20 years old
B) Completed 120-hour course and passed the broker exam
C) She held a real estate license for two years
When is a real estate license required?
A) When performing maintenance work for one property owner
B) When performing real estate activities for others, for compensation of any kind
C) When performing real estate activities for others, without compensation
D) When performing real estate activities for yourself - Correct Answers B)
Which of the following persons can perform real estate services without a license?
, A) Carolee, an attorney who sometimes acts as a broker but who does not employ salespeople
to work under her supervision
B) Mabel, who charges a flat fee to assist individuals in buying properties
C) Paul, who has three years' prior real estate experience and charges a flat fee to assist
individuals in selling properties
D) Zeke, an attorney who acts as a broker and who employs two salespeople to work under his
supervision - Correct Answers A)
T/F
Your sponsoring broker must display your salesperson's license at the branch where you work -
Correct Answers False
T/F
You must carry your Pocket Card on you at all times - Correct Answers True
Theresa let her real estate license lapse a few months ago, but she's thinking about reactivating
it. If she meets all the requirements for renewal within ________ of the expiration of her
license, she won't have to retake the state licensing exam.
A) 12 months
B) 30 days
C) 90 days
D) Two years - Correct Answers D) Tw0 Years
The earliest that a real estate license can be renewed is ________ before its expiration date.
