2/22/25, 12:45 AM NYS Real Estate Practice Exam Questions & Answers Latest Update Flashcards | Quizlet
NYS Real Estate Practice Exam Questions &
Answers Latest Update
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Eminent Domain or Condemnation
Give this one a try later!
What do you call the power of the
Attorneys admitted to the bar in
government to acquire personally
2 NYS are _____ from the licensure law,
held real property for the benefit
unless they take on sales people
of the public?
What is the term of a real estate Circuit Breakers and________ both
3 4
licensure? serve the same function?
Don't know?
Terms in this set (180)
https://quizlet.com/1009061566/nys-real-estate-practice-exam-questions-answers-latest-update-flash-cards/?new 1/21
,2/22/25, 12:45 AM NYS Real Estate Practice Exam Questions & Answers Latest Update Flashcards | Quizlet
What agency issues real The New York State Department of State (NYDOS),
estate licenses? Divison of Licensing Services
At what age can you 18
become a real estate
salesperson?
Do you need experience No
in the field to become a
sales person?
What is the minimum age 20
to become a real estate
broker?
If your license is revoked, One year
how long do you have to
wait to re-apply for it?
Do you need experience Yes, at least 2 years of experience and 3200 points
in the field to become a
broker?
As a licensing Sponsoring Broker
salesperson, I can
receive compensation
from my?
As a real estate licensee Independent contractor, 1099, Schedule C
you will more often than
not be an ________, will
receive a ____________ and
will file a _____________
Attorneys admitted to the Exempt
bar in NYS are _____ from
the licensure law, unless
they take on sales people
https://quizlet.com/1009061566/nys-real-estate-practice-exam-questions-answers-latest-update-flash-cards/?new 2/21
, 2/22/25, 12:45 AM NYS Real Estate Practice Exam Questions & Answers Latest Update Flashcards | Quizlet
If you mix your clients Commingling funds and Accountability
money with the office
operating funds, it is
called________ and you
have violated which
fiducary duty?
For how long does a Three years
broker need to keep
his/her records for?
If my license has expired, No Grace Period
for how long can i
continue to practice real
estate sales?In other
words, what is the grace
period?
Your real estate license Broker holds the license and I hold the pocket card
with the pocket card will
be sent to your
sponsoring broker. who
holds the license? Who
holds the pocket card?
How many hours of 22.5 hours
continuing ed must a
sales person take?
As a real estate sales 2 years
person, you have to take
continuing ed classes
every?
There is also a Fair housing
component of _________
required every two years.
Are Real Estate brokers Yes
also required to take the
CE classes?
https://quizlet.com/1009061566/nys-real-estate-practice-exam-questions-answers-latest-update-flash-cards/?new 3/21
NYS Real Estate Practice Exam Questions &
Answers Latest Update
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Eminent Domain or Condemnation
Give this one a try later!
What do you call the power of the
Attorneys admitted to the bar in
government to acquire personally
2 NYS are _____ from the licensure law,
held real property for the benefit
unless they take on sales people
of the public?
What is the term of a real estate Circuit Breakers and________ both
3 4
licensure? serve the same function?
Don't know?
Terms in this set (180)
https://quizlet.com/1009061566/nys-real-estate-practice-exam-questions-answers-latest-update-flash-cards/?new 1/21
,2/22/25, 12:45 AM NYS Real Estate Practice Exam Questions & Answers Latest Update Flashcards | Quizlet
What agency issues real The New York State Department of State (NYDOS),
estate licenses? Divison of Licensing Services
At what age can you 18
become a real estate
salesperson?
Do you need experience No
in the field to become a
sales person?
What is the minimum age 20
to become a real estate
broker?
If your license is revoked, One year
how long do you have to
wait to re-apply for it?
Do you need experience Yes, at least 2 years of experience and 3200 points
in the field to become a
broker?
As a licensing Sponsoring Broker
salesperson, I can
receive compensation
from my?
As a real estate licensee Independent contractor, 1099, Schedule C
you will more often than
not be an ________, will
receive a ____________ and
will file a _____________
Attorneys admitted to the Exempt
bar in NYS are _____ from
the licensure law, unless
they take on sales people
https://quizlet.com/1009061566/nys-real-estate-practice-exam-questions-answers-latest-update-flash-cards/?new 2/21
, 2/22/25, 12:45 AM NYS Real Estate Practice Exam Questions & Answers Latest Update Flashcards | Quizlet
If you mix your clients Commingling funds and Accountability
money with the office
operating funds, it is
called________ and you
have violated which
fiducary duty?
For how long does a Three years
broker need to keep
his/her records for?
If my license has expired, No Grace Period
for how long can i
continue to practice real
estate sales?In other
words, what is the grace
period?
Your real estate license Broker holds the license and I hold the pocket card
with the pocket card will
be sent to your
sponsoring broker. who
holds the license? Who
holds the pocket card?
How many hours of 22.5 hours
continuing ed must a
sales person take?
As a real estate sales 2 years
person, you have to take
continuing ed classes
every?
There is also a Fair housing
component of _________
required every two years.
Are Real Estate brokers Yes
also required to take the
CE classes?
https://quizlet.com/1009061566/nys-real-estate-practice-exam-questions-answers-latest-update-flash-cards/?new 3/21
