New York real estate exam 2024

New York real estate exam 2024 The name of the statue that protects the public from unscrupulous salespersons and brokers is - Answer ️️ -Article 12 of the real property law A real esate brokers license term is - Answer ️️ -2 years To become a real estate salesperson in new york one must - Answer ️️ -Find a sponsoring broker The end of a license term for a real estate person is - Answer ️️ -2 years from issue date If a brokers license is revoked the salespersons license - Answer ️️ -Is suspended until the licensee finds another broker If a salespersons license is revoked the minimum time period for applying for reinstatment is - Answer ️️ -1 year Which of the following is responsible for overall enforcement of article 12a of the real property law - Answer ️️ -Department of state Criminal prosecutions of article 12a are conducted by - Answer ️️ -Attorney general The maximum fine for violation of article 12a is - Answer ️️ -1000$ Violations of article 12a are - Answer ️️ -Misdemeanors If a homeowner pays a commission to a unlicensed person the homeowner may sue in civil court for - Answer ️️ -4x the commission paid The code of ethics in real estate is sponsored by - Answer ️️ -The national association of realtors If a broker fires a salesperson for cause the broker must send the agents license to DOS within - Answer ️️ -Immediatley A broker is required to display - Answer ️️ -A principal brokers license An expired salesperson license has how much time to be renewed before having to be retested - Answer ️️ -2 years after expiration A real estate brokers sign must state the brokers name and thw words - Answer ️️ -Licenced real estate broker Of the following which is an agent of the principle - Answer ️️ -Broker of record A salesperson may be paid a real estate brokerage commission by - Answer ️️ -His or her employing broker The broker refuses to sue a seller for a commission lawfully earned , the salesperson may - Answer ️️ -Sue the broker A broker may split a commision with - Answer ️️ -None of the above A real estate broker may advertise property in the name of - Answer ️️ -Broker A sales person has an offer for a property listed by another broker, the salesperson should - Answer ️️ -Ask his/her broker to contact the listing broker to arrange for a cooperative brokerage agreement A broker has four written offers from four purchasers, which offer should be submitted to the owner - Answer ️️ -All offers A broker refuses to disclose the name of the purchaser to a seller, the broker is entitled to - Answer ️️ -No commission If a brokers license is suspended or revoked by the DOS the broker may - Answer ️️ -Apply for a article 78 proceeding A broker may sue a principle for a earned commission in - Answer ️️ -Civil court Hearings to determine whether a brokers license should be suspended will be held with - Answer ️️ -Department of state Which of the following is legal in new york - Answer ️️ -A 10 percent fee to q principal A lease must be in writing to be enforceable in court if it is for a period of - Answer ️️ -More than one ye