NYS Real Estate Salesperson Exam QUESTIONS and ANSWERS.pdf file:///C:/Users/User/Downloads/NYS%20Real%20Estate%20Salesp
NYS Real Estate Salesperson Exam
1. How often must you renew your real estate salesperson/broker license?
ANS -
Every 2 years
2. What is the purpose of license laws in the real estate industry?
ANS To minimizefraudulent practice and protect the general public
3. The New York regulatory agency that oversees real estate licensure is the
ANS Department of State
4. Most of the law about salespersons and brokers is in which article of the
Real Property Law?
ANS Article 12-A
5. What are the age requirements for a broker applicant and a salesperson
applicant, respectively?
ANS Broker must be at least 20 years old; a salesperson mustbe at least 18 years
old.
6. Attorneys admitted to practice in the NY courts may act as brokers (help you
sell, buy and get commission) without obtaining a broker license. However,
under what circumstance must they obtain a real estate license?
ANS If they employsalespersons to work under their supervision
7. Do building superintendents and maintenance workers (who perform tasks
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,NYS Real Estate Salesperson Exam QUESTIONS and ANSWERS.pdf file:///C:/Users/User/Downloads/NYS%20Real%20Estate%20Salesp
such as rent collection) for one owner or company require licensure?
ANS No
8. How long does a licensee have from the license expiration date to renew?-
ANS Two years
9. If a DOS officer appears and asks a licensee (you) for a photo ID, what should
the licensee (you) do?
ANS The licensee must carry photo ID cards at all times when doing business and
show it on demand
10. Under the Real Property Law in New York, a branch office manager may be
a(n)
ANS associate broker
11. What must brokers' business sign contain?
ANS Broker's name and the words"licensed real estate broker"
12. The listing salesperson must accept compensation directly from
ANS Spon-soring broker
13. When brokers improperly pay any part of their compensation to anyone
who is not license or who is not exempt from the license law, they violate the
license law. This payment is called a
ANS kickback
14. If licensees terminate their association with a broker, they must turn over
all obtained during their association with the broker.
ANS listing agreements and contracts
15. What is the mixing of the funds of others with business or personal funds
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NYS Real Estate Salesperson Exam
1. How often must you renew your real estate salesperson/broker license?
ANS -
Every 2 years
2. What is the purpose of license laws in the real estate industry?
ANS To minimizefraudulent practice and protect the general public
3. The New York regulatory agency that oversees real estate licensure is the
ANS Department of State
4. Most of the law about salespersons and brokers is in which article of the
Real Property Law?
ANS Article 12-A
5. What are the age requirements for a broker applicant and a salesperson
applicant, respectively?
ANS Broker must be at least 20 years old; a salesperson mustbe at least 18 years
old.
6. Attorneys admitted to practice in the NY courts may act as brokers (help you
sell, buy and get commission) without obtaining a broker license. However,
under what circumstance must they obtain a real estate license?
ANS If they employsalespersons to work under their supervision
7. Do building superintendents and maintenance workers (who perform tasks
1/7
1 of 17 8/29/2024, 11:54
,NYS Real Estate Salesperson Exam QUESTIONS and ANSWERS.pdf file:///C:/Users/User/Downloads/NYS%20Real%20Estate%20Salesp
such as rent collection) for one owner or company require licensure?
ANS No
8. How long does a licensee have from the license expiration date to renew?-
ANS Two years
9. If a DOS officer appears and asks a licensee (you) for a photo ID, what should
the licensee (you) do?
ANS The licensee must carry photo ID cards at all times when doing business and
show it on demand
10. Under the Real Property Law in New York, a branch office manager may be
a(n)
ANS associate broker
11. What must brokers' business sign contain?
ANS Broker's name and the words"licensed real estate broker"
12. The listing salesperson must accept compensation directly from
ANS Spon-soring broker
13. When brokers improperly pay any part of their compensation to anyone
who is not license or who is not exempt from the license law, they violate the
license law. This payment is called a
ANS kickback
14. If licensees terminate their association with a broker, they must turn over
all obtained during their association with the broker.
ANS listing agreements and contracts
15. What is the mixing of the funds of others with business or personal funds
2/7
2 of 17 8/29/2024, 11:54
