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NYS Real Estate Practice Exam Questions and Answers (Graded A)

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2023/2024 Written for academic year
Institution NYS Real Estate
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YS Real Estate Practice Exam Questions and Answers (Graded A)NYS Real Estate Practice Exam Questions and Answers (Graded A)NYS Real Estate Practice Exam Questions and Answers (Graded A)NYS Real Estate Practice Exam Questions and Answers (Graded A) What agency issues real estate licenses? - ANSWER-The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? - ANSWER-18 Do you need experience in the field to become a sales person? - ANSWER-No What is the minimum age to become a real estate broker? - ANSWER-20 If your license is revoked, how long do you have to wait to re-apply for it? - ANSWER-One year Do you need experience in the field to become a broker? - ANSWER-Yes, at least 2 years of experience and 3200 points As a licensing salesperson, I can receive compensation from my? - ANSWER-Sponsoring Broker As a real estate licensee you will more often than not be an ________, will receive a ____________ and will file a _____________ - ANSWER-Independent contractor, 1099, Schedule C Attorneys admitted to the bar in NYS are _____ from the licensure law, unless they take on sales people - ANSWER-Exempt

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