NY Real Estate. Ch 1. License Law and
Regulations - Vocabulary
NYS Department of State - answer The Department of State is primarily responsible for
issuing real estate licenses, pocket cards, and handing down disciplinary action. Article
12-A of the NYS Real Property Law outlines the roles/duties of the Department of State.
Attorney General - answer According to Article 12-A (NYS Real Property Law), the
Attorney General shall prosecute criminal actions for violations of the Real Property
Law.
New York Court of Appeals - answer The New York Court of Appeals is the highest
court in New York State.
Misdemeanor - answer According to section 442-e of the NYS Real Property Law:"Any
person who violates any provision of this article shall be guilty of a misdemeanor. The
commission of a single act prohibited by this article shall constitute a violation hereof."
Violations of the Real Property Law - answerThe Department of State may suspend or
revoke a real estate salesperson or broker's license for violations of the Real Property
Law. The DOS may also impose a fine not to exceed $1,000.
Real estate salespersons license - answerA real estate salesperson must be at least 18
years old. A real estate salespersons license is valid for 2 years.
Every 2 years - answerthe salesperson must renew their license online through
eAccessNY. Before renewing a license, the salesperson must complete 22.5-hours of
Continuing Education. If a real estate salesperson fails to renew their license within 2
years, their license is considered expired. The salesperson must retake the State exam
and reapply for their license.
Real estate salespersons - answermay perform acts that a broker is authorized to
perform, but they do so on behalf of a broker with whom they are associated.
Real estate brokers license - answerOnce an individual obtains their NYS real estate
salespersons license, they must do the following to obtain a brokers license:- Have at
least two years of experience as a real estate salesperson.- Be at least 20 years of
age.- Complete the 45-hour NYS real estate broker's course (120 hours of total
coursework including the 75-hour real estate salespersons course).- Pass the State real
estate broker's exam.
Regulations - Vocabulary
NYS Department of State - answer The Department of State is primarily responsible for
issuing real estate licenses, pocket cards, and handing down disciplinary action. Article
12-A of the NYS Real Property Law outlines the roles/duties of the Department of State.
Attorney General - answer According to Article 12-A (NYS Real Property Law), the
Attorney General shall prosecute criminal actions for violations of the Real Property
Law.
New York Court of Appeals - answer The New York Court of Appeals is the highest
court in New York State.
Misdemeanor - answer According to section 442-e of the NYS Real Property Law:"Any
person who violates any provision of this article shall be guilty of a misdemeanor. The
commission of a single act prohibited by this article shall constitute a violation hereof."
Violations of the Real Property Law - answerThe Department of State may suspend or
revoke a real estate salesperson or broker's license for violations of the Real Property
Law. The DOS may also impose a fine not to exceed $1,000.
Real estate salespersons license - answerA real estate salesperson must be at least 18
years old. A real estate salespersons license is valid for 2 years.
Every 2 years - answerthe salesperson must renew their license online through
eAccessNY. Before renewing a license, the salesperson must complete 22.5-hours of
Continuing Education. If a real estate salesperson fails to renew their license within 2
years, their license is considered expired. The salesperson must retake the State exam
and reapply for their license.
Real estate salespersons - answermay perform acts that a broker is authorized to
perform, but they do so on behalf of a broker with whom they are associated.
Real estate brokers license - answerOnce an individual obtains their NYS real estate
salespersons license, they must do the following to obtain a brokers license:- Have at
least two years of experience as a real estate salesperson.- Be at least 20 years of
age.- Complete the 45-hour NYS real estate broker's course (120 hours of total
coursework including the 75-hour real estate salespersons course).- Pass the State real
estate broker's exam.
