Real Estate Broker Review NY with
correct answers 100% 2026
Joan, who has no real estate license, canvases homeowners by phone to determine whether
they are interested in selling their homes. Shanice, who is licensed, give Joan $25 for every lead
she turns up. Does this violate license law?
A. No, because the gift is not more than $25.
B. No, because Joan does not actually list or sell property.
C. Yes, because Shanice is paying compensation for services that require licensure.
D. Yes, because Joan is using a home telephone with no broker's sign outside her house. -
Correct Answers C. Yes, because Shanice is paying compensation for services that require
licensure.
Real estate license laws were instituted to
A. Raise revenue through license fees.
B. Limit the number of brokers and salespersons.
C. Match the federal government's requirements.
D. Protect the public while maintaining high standards for those issued a license. - Correct
Answers D. Protect the public while maintaining high standards for those issued a license.
In New York, real estate licenses are issued by the
A. Real Estate Commission.
B. Board of Realtors
C. Department of State
D. Department of Education - Correct Answers C. Department of State
,Which of the following acts require that a New York resident hold a valid real estate license?
A. Giving a cousin advice about pricing her home for the market
B. Writing a lease for a tenant in a building he owns
C. Accepting a TV from a grateful neighbor for whom she arranged a home equity loan
D. Selling the house of his dead aunt while settling her estate - Correct Answers C. Accepting a
TV from a grateful neighbor for whom she arranged a home equity loan
In order to satisfy the education requirements for a real estate salesperson's license, how many
hours of education must an applicant take?
A. 45 hours
B. 60 hours
C. 75 hours
D. 90 hours - Correct Answers C. 75 hours
A duly licensed salesperson may accept bonus compensation from
A. A grateful seller
B. A grateful buyer
C. Another salesperson.
D. None of these. - Correct Answers D. None of these
A fully qualified broker who chooses to act as a salesperson under the employ of another
broker's sponsorship is licensed as a(n)
,A. Adjunct salesperson.
B. Sales associate.
C. Associate broker.
D. Principal broker. - Correct Answers C. Associate broker
To obtain a broker's license, you must reach the age of
A. 18.
B. 19.
C. 20.
D. 21. - Correct Answers C. 20.
In order to satisfy the education requirements for a broker license, an applicant must have first
completed a total of how many hours of prescribed study?
A. 45
B. 75
C. 90
D. 120 - Correct Answers D. 120
10. Which of the following is required for an applicant to show in order to be eligible for a
broker's license in New York State?
A. Completion of 50 hours in real estate courses
B. Age of at least 18
C. Completion of two years' experience as a licensed salesperson
, D. Membership in the new York State Association of Realtors - Correct Answers C. Completion of
two years' experience as a licensed salesperson
11. Real estate licenses in New York State are good for
A. one year.
B. two years.
C. three years.
D. four years. - Correct Answers B. two years.
Nonresident brokers seeking a New York license must
A. post a bond of $5,000.
B. be a citizen of the United States.
C. find a New York attorney or another broker to act as a sponsor.
D. file an irrevocable consent to service from allowing them to be sued in New York. - Correct
Answers D. file an irrevocable consent to service from allowing them to be sued in New York.
In the office of a broker, which of the following must be displayed?
A. All brokers' licenses
B. All licenses
C. No licenses
D. Only salespersons' licenses - Correct Answers A. All brokers' licenses
correct answers 100% 2026
Joan, who has no real estate license, canvases homeowners by phone to determine whether
they are interested in selling their homes. Shanice, who is licensed, give Joan $25 for every lead
she turns up. Does this violate license law?
A. No, because the gift is not more than $25.
B. No, because Joan does not actually list or sell property.
C. Yes, because Shanice is paying compensation for services that require licensure.
D. Yes, because Joan is using a home telephone with no broker's sign outside her house. -
Correct Answers C. Yes, because Shanice is paying compensation for services that require
licensure.
Real estate license laws were instituted to
A. Raise revenue through license fees.
B. Limit the number of brokers and salespersons.
C. Match the federal government's requirements.
D. Protect the public while maintaining high standards for those issued a license. - Correct
Answers D. Protect the public while maintaining high standards for those issued a license.
In New York, real estate licenses are issued by the
A. Real Estate Commission.
B. Board of Realtors
C. Department of State
D. Department of Education - Correct Answers C. Department of State
,Which of the following acts require that a New York resident hold a valid real estate license?
A. Giving a cousin advice about pricing her home for the market
B. Writing a lease for a tenant in a building he owns
C. Accepting a TV from a grateful neighbor for whom she arranged a home equity loan
D. Selling the house of his dead aunt while settling her estate - Correct Answers C. Accepting a
TV from a grateful neighbor for whom she arranged a home equity loan
In order to satisfy the education requirements for a real estate salesperson's license, how many
hours of education must an applicant take?
A. 45 hours
B. 60 hours
C. 75 hours
D. 90 hours - Correct Answers C. 75 hours
A duly licensed salesperson may accept bonus compensation from
A. A grateful seller
B. A grateful buyer
C. Another salesperson.
D. None of these. - Correct Answers D. None of these
A fully qualified broker who chooses to act as a salesperson under the employ of another
broker's sponsorship is licensed as a(n)
,A. Adjunct salesperson.
B. Sales associate.
C. Associate broker.
D. Principal broker. - Correct Answers C. Associate broker
To obtain a broker's license, you must reach the age of
A. 18.
B. 19.
C. 20.
D. 21. - Correct Answers C. 20.
In order to satisfy the education requirements for a broker license, an applicant must have first
completed a total of how many hours of prescribed study?
A. 45
B. 75
C. 90
D. 120 - Correct Answers D. 120
10. Which of the following is required for an applicant to show in order to be eligible for a
broker's license in New York State?
A. Completion of 50 hours in real estate courses
B. Age of at least 18
C. Completion of two years' experience as a licensed salesperson
, D. Membership in the new York State Association of Realtors - Correct Answers C. Completion of
two years' experience as a licensed salesperson
11. Real estate licenses in New York State are good for
A. one year.
B. two years.
C. three years.
D. four years. - Correct Answers B. two years.
Nonresident brokers seeking a New York license must
A. post a bond of $5,000.
B. be a citizen of the United States.
C. find a New York attorney or another broker to act as a sponsor.
D. file an irrevocable consent to service from allowing them to be sued in New York. - Correct
Answers D. file an irrevocable consent to service from allowing them to be sued in New York.
In the office of a broker, which of the following must be displayed?
A. All brokers' licenses
B. All licenses
C. No licenses
D. Only salespersons' licenses - Correct Answers A. All brokers' licenses
