New York DRE Salesperson Exam - Latest Guide with Q & S 2024.

New York



Department of Real Estate -
Salesperson




LATEST EXAM GUIDE
Q&S




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,1. Which of the following is NOT a power of the government in
land use regulation?
a) Eminent domain
b) Zoning
c) Escheat
d) Lease creation
Answer: d) Lease creation


2. In New York, which governmental body is primarily
responsible for enforcing zoning regulations?
a) Federal Government
b) State Senate
c) Local Municipality
d) Real Estate Commission
Answer: c) Local Municipality


3. Which type of property ownership allows a tenant to occupy
real property for a specific period without owning it?
a) Fee Simple Absolute

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, b) Life Estate
c) Leasehold Estate
d) Tenancy In Common
Answer: c) Leasehold Estate


### Laws of Agency and Fiduciary Duties


4. Which fiduciary duty requires agents to act in the best interest
of their clients without conflicts of interest?
a) Loyalty
b) Disclosure
c) Confidentiality
d) Accountability
Answer: a) Loyalty


5. What type of agency relationship is created when a broker
represents a buyer in purchasing a property?
a) Dual Agency
b) Special Agency
c) General Agency
d) Universal Agency
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