New York State Real Estate Salesperson
Licensing Exam Questions with Complete
Solutions (Latest 2025)
In NYS, how old must one be to enter into contracts? -
Correct Answers ✅18
What other capability should they possess? - Correct
Answers ✅Mental and emotional capability
What happens if one of the parties to the contract is a minor?
- Correct Answers ✅The contract is voidable by the minor
What does the zoning board of appeals do? - Correct
Answers ✅Grants variances
What regulates construction standards in NYS? - Correct
Answers ✅Building codes
What does municipal engineer's office do? - Correct
Answers ✅Oversees planning and construction of major
highways, sweet systems and water connections
If a property ad states that the property is near the vicinity of
a geographical area, what else mud the ad include? - Correct
Answers ✅It must include the name of the geographical
area where the property is actually located
, New York State Real Estate Salesperson
Licensing Exam Questions with Complete
Solutions (Latest 2025)
Who is usually exempt from property taxes? - Correct
Answers ✅Disabled, veterans, farmers, elderly gold star
parents *kids die in the war, star program homeowners
Who is not usually exempt from property taxes? - Correct
Answers ✅Second home owners
What covers fully or personal property lost in a fire? - Correct
Answers ✅Replacement cost
Find the square footage of a rectangular shaped floor plan.
How do you find the area of a square/rectangle? - Correct
Answers ✅Length x Width = Area
What is the cash on cash return on a $2,000,000 property
with a down payment of $500,000 and $15,000 monthly
rental income? - Correct Answers ✅36%
Who hires the agent? - Correct Answers ✅Principal or
client
What is not a CMA (Comparative Market Analysis?) - Correct
Answers ✅An apprasial
Licensing Exam Questions with Complete
Solutions (Latest 2025)
In NYS, how old must one be to enter into contracts? -
Correct Answers ✅18
What other capability should they possess? - Correct
Answers ✅Mental and emotional capability
What happens if one of the parties to the contract is a minor?
- Correct Answers ✅The contract is voidable by the minor
What does the zoning board of appeals do? - Correct
Answers ✅Grants variances
What regulates construction standards in NYS? - Correct
Answers ✅Building codes
What does municipal engineer's office do? - Correct
Answers ✅Oversees planning and construction of major
highways, sweet systems and water connections
If a property ad states that the property is near the vicinity of
a geographical area, what else mud the ad include? - Correct
Answers ✅It must include the name of the geographical
area where the property is actually located
, New York State Real Estate Salesperson
Licensing Exam Questions with Complete
Solutions (Latest 2025)
Who is usually exempt from property taxes? - Correct
Answers ✅Disabled, veterans, farmers, elderly gold star
parents *kids die in the war, star program homeowners
Who is not usually exempt from property taxes? - Correct
Answers ✅Second home owners
What covers fully or personal property lost in a fire? - Correct
Answers ✅Replacement cost
Find the square footage of a rectangular shaped floor plan.
How do you find the area of a square/rectangle? - Correct
Answers ✅Length x Width = Area
What is the cash on cash return on a $2,000,000 property
with a down payment of $500,000 and $15,000 monthly
rental income? - Correct Answers ✅36%
Who hires the agent? - Correct Answers ✅Principal or
client
What is not a CMA (Comparative Market Analysis?) - Correct
Answers ✅An apprasial
