NYS Real Estate Practice Exam 2022 with COMPLETE SOLUTION

What agency issues real estate licenses? - The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? - 18 Do you need experience in the field to become a sales person? - No What is the minimum age to become a real estate broker? - 20 If your license is revoked, how long do you have to wait to re-apply for it? - One year Do you need experience in the field to become a broker? - Yes, at least 2 years of experience and 3200 points As a licensing salesperson, I can receive compensation from my? - Sponsoring Broker As a real estate licensee you will more often than not be an ________, will receive a ____________ and will file a _____________ - Independent contractor, 1099, Schedule C