New York Real Estate Salesperson Exam 2026 – 190 Practice
Questions with Answers & Detailed Rationales, Real Estate
Principles, Property Ownership, Agency, Contracts, Financing,
Valuation, New York State Law & Regulations
SECTION 1: LICENSE LAW AND REGULATIONS (Questions 1-16)
Question 1
Which New York state agency is responsible for issuing and regulating real estate salesperson
licenses?
A. New York Department of Financial Services
B. New York Real Estate Board
C. New York Department of State, Division of Licensing Services
D. New York Division of Housing and Community Renewal
Correct Answer: C
Explanation: The New York Department of State (DOS) through its Division of Licensing
Services administers real estate licensing, including exam scheduling, license issuance, and
enforcement of Article 12-A.
Question 2
A candidate has completed the required 77-hour pre-license course but has not yet passed
the state exam. What is this candidate legally permitted to do?
,A. Conduct open houses under a broker's supervision
B. Solicit listings as a licensed salesperson
C. Nothing requiring a real estate license until the exam is passed and license issued
D. Negotiate purchase contracts for clients
Correct Answer: C
Explanation: Passing the state exam and obtaining a license through a sponsoring broker are
prerequisites to engaging in any activity requiring a real estate license.
Question 3
A salesperson's license has been inactive for three years. What must the licensee do to
reactivate it?
A. Retake the state licensing examination
B. Complete continuing education and apply for reactivation through eAccessNY
C. Complete a new 77-hour pre-license course
D. Pay a penalty fee only
Correct Answer: B
,Explanation: Inactive licenses may be reactivated by completing required continuing
education and applying through eAccessNY, provided the license has not been expired
beyond the allowed period.
Question 4
A sponsoring broker terminates a salesperson's employment. What must the broker do with
the salesperson's license?
A. Destroy the license immediately
B. Hold the license until the salesperson finds new sponsorship
C. Return the license to the DOS within the required timeframe
D. Transfer the license to another broker automatically
Correct Answer: C
Explanation: The broker must return the salesperson's license to the Department of State
when the association ends, and the salesperson cannot practice until sponsored by another
broker.
Question 5
Which of the following activities requires a New York real estate license?
A. Selling one's own personal residence
, B. Managing a property one owns as an investment
C. Negotiating a commercial lease on behalf of a landlord for compensation
D. Providing general real estate advice to a friend
Correct Answer: C
Explanation: Negotiating leases for compensation on behalf of another party constitutes
licensed real estate activity; selling one's own property and managing one's own
investments do not require a license.
Question 6
A salesperson places an advertisement for a property without including the broker's name.
This violates which principle?
A. Fair housing advertising rules
B. DOS advertising regulations requiring broker identification
C. RESPA disclosure requirements
D. Truth in Lending Act provisions
Correct Answer: B
Questions with Answers & Detailed Rationales, Real Estate
Principles, Property Ownership, Agency, Contracts, Financing,
Valuation, New York State Law & Regulations
SECTION 1: LICENSE LAW AND REGULATIONS (Questions 1-16)
Question 1
Which New York state agency is responsible for issuing and regulating real estate salesperson
licenses?
A. New York Department of Financial Services
B. New York Real Estate Board
C. New York Department of State, Division of Licensing Services
D. New York Division of Housing and Community Renewal
Correct Answer: C
Explanation: The New York Department of State (DOS) through its Division of Licensing
Services administers real estate licensing, including exam scheduling, license issuance, and
enforcement of Article 12-A.
Question 2
A candidate has completed the required 77-hour pre-license course but has not yet passed
the state exam. What is this candidate legally permitted to do?
,A. Conduct open houses under a broker's supervision
B. Solicit listings as a licensed salesperson
C. Nothing requiring a real estate license until the exam is passed and license issued
D. Negotiate purchase contracts for clients
Correct Answer: C
Explanation: Passing the state exam and obtaining a license through a sponsoring broker are
prerequisites to engaging in any activity requiring a real estate license.
Question 3
A salesperson's license has been inactive for three years. What must the licensee do to
reactivate it?
A. Retake the state licensing examination
B. Complete continuing education and apply for reactivation through eAccessNY
C. Complete a new 77-hour pre-license course
D. Pay a penalty fee only
Correct Answer: B
,Explanation: Inactive licenses may be reactivated by completing required continuing
education and applying through eAccessNY, provided the license has not been expired
beyond the allowed period.
Question 4
A sponsoring broker terminates a salesperson's employment. What must the broker do with
the salesperson's license?
A. Destroy the license immediately
B. Hold the license until the salesperson finds new sponsorship
C. Return the license to the DOS within the required timeframe
D. Transfer the license to another broker automatically
Correct Answer: C
Explanation: The broker must return the salesperson's license to the Department of State
when the association ends, and the salesperson cannot practice until sponsored by another
broker.
Question 5
Which of the following activities requires a New York real estate license?
A. Selling one's own personal residence
, B. Managing a property one owns as an investment
C. Negotiating a commercial lease on behalf of a landlord for compensation
D. Providing general real estate advice to a friend
Correct Answer: C
Explanation: Negotiating leases for compensation on behalf of another party constitutes
licensed real estate activity; selling one's own property and managing one's own
investments do not require a license.
Question 6
A salesperson places an advertisement for a property without including the broker's name.
This violates which principle?
A. Fair housing advertising rules
B. DOS advertising regulations requiring broker identification
C. RESPA disclosure requirements
D. Truth in Lending Act provisions
Correct Answer: B