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Review Questions For NY Real Estate
Exam | Certified Q&A 2026
The Duncan and Hill decision cautioned real estate licensees against
a. Misrepresentation.
b. Consumer fraud.
c. The unauthorized practice of law.
d. Undisclosed dual agency. - correct-answer - C: In Duncan & Hill, the court
upheld the Department of State's determination that a real estate broker who
was not a licensed attorney demonstrated untrust worthiness and incompetence
in violation of Real Property Law sect;441-c, finding that, when he prepared
documents that included detailed mortgage terms he had devised, he engaged in
the unauthorized practice of law
When a buyer/client wants to see property listed by his or her agent's company,
the possible conflict of interest can be solved by the use of
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a. Undisclosed dual agency.
b. Designated agents.
c. Exclusive/ right/ to/ sell
d. Fiduciary duties. - correct-answer - -B: If the buyer and the seller or tenant and
the landlord provide their informed consent in writing, the principals and the real
estate broker who represents both parties as a dual agent may designate a sales
agent to represent the buyer and another sales agent to represent the seller
Buyers should be careful NOT to reveal the top price they're willing to pay to a (n)
a. Buyer's agent.
b. Principal broker
c. Sellers's agent
d. Associate broker - correct-answer - C: The seller's agent because if the fiduciary
must tell the seller.
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Ads made by real estate brokers that do not indicate that the advertiser is a
broker are:
a. legal in New York
b. known as blind ads
c. acceptable as long as the phone number of the broker appears in the ad
d. acceptable if the broker is doing business as an individual broker in his own
name - correct-answer - B: All ads placed by a broker must indicate that the
advertiser is a broker. Ads that do not contain this are called BLIND ADS.
If a licensee becomes a partner in a real estate firm, he must have a(n):
a. salesperson license
b. broker license
c. associate broker license
d. minimum of two year's experience as a broker - correct-answer - B: Each officer
of a corporation or member of a co-partnership must be licensed as a broker.
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Agency relationship in an in-house sale require
a. No notice to the principle broker.
b. Full discussion and disclosure in writing to all parties.
c. Notice to the title company.
d. Notice to the MLS. - correct-answer - -B: Broker dual agency can occur if agents
of the broker represent both the buyer and seller in the same transaction, Full
discussion and disclosure in writing to all parties must be made
In a buyer/agency relationship the broker owes the seller
a. Care.
b. Accounting
c. Obedience
d. Fair and honest dealing - correct-answer - D: a buyer's agent should deal
honestly, fairly and in good faith.
Review Questions For NY Real Estate
Exam | Certified Q&A 2026
The Duncan and Hill decision cautioned real estate licensees against
a. Misrepresentation.
b. Consumer fraud.
c. The unauthorized practice of law.
d. Undisclosed dual agency. - correct-answer - C: In Duncan & Hill, the court
upheld the Department of State's determination that a real estate broker who
was not a licensed attorney demonstrated untrust worthiness and incompetence
in violation of Real Property Law sect;441-c, finding that, when he prepared
documents that included detailed mortgage terms he had devised, he engaged in
the unauthorized practice of law
When a buyer/client wants to see property listed by his or her agent's company,
the possible conflict of interest can be solved by the use of
,2|Page
a. Undisclosed dual agency.
b. Designated agents.
c. Exclusive/ right/ to/ sell
d. Fiduciary duties. - correct-answer - -B: If the buyer and the seller or tenant and
the landlord provide their informed consent in writing, the principals and the real
estate broker who represents both parties as a dual agent may designate a sales
agent to represent the buyer and another sales agent to represent the seller
Buyers should be careful NOT to reveal the top price they're willing to pay to a (n)
a. Buyer's agent.
b. Principal broker
c. Sellers's agent
d. Associate broker - correct-answer - C: The seller's agent because if the fiduciary
must tell the seller.
,3|Page
Ads made by real estate brokers that do not indicate that the advertiser is a
broker are:
a. legal in New York
b. known as blind ads
c. acceptable as long as the phone number of the broker appears in the ad
d. acceptable if the broker is doing business as an individual broker in his own
name - correct-answer - B: All ads placed by a broker must indicate that the
advertiser is a broker. Ads that do not contain this are called BLIND ADS.
If a licensee becomes a partner in a real estate firm, he must have a(n):
a. salesperson license
b. broker license
c. associate broker license
d. minimum of two year's experience as a broker - correct-answer - B: Each officer
of a corporation or member of a co-partnership must be licensed as a broker.
, 4|Page
Agency relationship in an in-house sale require
a. No notice to the principle broker.
b. Full discussion and disclosure in writing to all parties.
c. Notice to the title company.
d. Notice to the MLS. - correct-answer - -B: Broker dual agency can occur if agents
of the broker represent both the buyer and seller in the same transaction, Full
discussion and disclosure in writing to all parties must be made
In a buyer/agency relationship the broker owes the seller
a. Care.
b. Accounting
c. Obedience
d. Fair and honest dealing - correct-answer - D: a buyer's agent should deal
honestly, fairly and in good faith.
