NYS Real Estate Broker License Exam
Review Questions And Answers
Joan, who has no real estate license, canvases homeowners by
phone to determine whether they are interested in selling their
homes. Shanice, who is licensed, give Joan $25 for every lead she
turns up. Does this violate license law?
A. No, because the gift is not more than $25.
B. No, because Joan does not actually list or sell property.
C. Yes, because Shanice is paying compensation for services that
require licensure.
D. Yes, because Joan is using a home telephone with no broker's
sign outside her house. -
correct answer ✅C. Yes, because Shanice is paying compensation
for services that require licensure.
Real estate license laws were instituted to
A. Raise revenue through license fees.
B. Limit the number of brokers and salespersons.
C. Match the federal government's requirements.
D. Protect the public while maintaining high standards for those
issued a license. -
,NYS Real Estate Broker License Exam
Review Questions And Answers
correct answer ✅D. Protect the public while maintaining high
standards for those issued a license.
In New York, real estate licenses are issued by the
A. Real Estate Commission.
B. Board of Realtors
C. Department of State
D. Department of Education -
correct answer ✅C. Department of State
Which of the following acts require that a New York resident hold a
valid real estate license?
A. Giving a cousin advice about pricing her home for the market
B. Writing a lease for a tenant in a building he owns
C. Accepting a TV from a grateful neighbor for whom she arranged a
home equity loan
D. Selling the house of his dead aunt while settling her estate -
correct answer ✅C. Accepting a TV from a grateful neighbor for
whom she arranged a home equity loan
,NYS Real Estate Broker License Exam
Review Questions And Answers
In order to satisfy the education requirements for a real estate
salesperson's license, how many hours of education must an
applicant take?
A. 45 hours
B. 60 hours
C. 75 hours
D. 90 hours -
correct answer ✅C. 75 hours
A duly licensed salesperson may accept bonus compensation from
A. A grateful seller
B. A grateful buyer
C. Another salesperson.
D. None of these. -
correct answer ✅D. None of these
, NYS Real Estate Broker License Exam
Review Questions And Answers
A fully qualified broker who chooses to act as a salesperson under
the employ of another broker's sponsorship is licensed as a(n)
A. Adjunct salesperson.
B. Sales associate.
C. Associate broker.
D. Principal broker. -
correct answer ✅C. Associate broker
To obtain a broker's license, you must reach the age of
A. 18.
B. 19.
C. 20.
D. 21. -
correct answer ✅C. 20.
In order to satisfy the education requirements for a broker license,
an applicant must have first completed a total of how many hours
of prescribed study?
Review Questions And Answers
Joan, who has no real estate license, canvases homeowners by
phone to determine whether they are interested in selling their
homes. Shanice, who is licensed, give Joan $25 for every lead she
turns up. Does this violate license law?
A. No, because the gift is not more than $25.
B. No, because Joan does not actually list or sell property.
C. Yes, because Shanice is paying compensation for services that
require licensure.
D. Yes, because Joan is using a home telephone with no broker's
sign outside her house. -
correct answer ✅C. Yes, because Shanice is paying compensation
for services that require licensure.
Real estate license laws were instituted to
A. Raise revenue through license fees.
B. Limit the number of brokers and salespersons.
C. Match the federal government's requirements.
D. Protect the public while maintaining high standards for those
issued a license. -
,NYS Real Estate Broker License Exam
Review Questions And Answers
correct answer ✅D. Protect the public while maintaining high
standards for those issued a license.
In New York, real estate licenses are issued by the
A. Real Estate Commission.
B. Board of Realtors
C. Department of State
D. Department of Education -
correct answer ✅C. Department of State
Which of the following acts require that a New York resident hold a
valid real estate license?
A. Giving a cousin advice about pricing her home for the market
B. Writing a lease for a tenant in a building he owns
C. Accepting a TV from a grateful neighbor for whom she arranged a
home equity loan
D. Selling the house of his dead aunt while settling her estate -
correct answer ✅C. Accepting a TV from a grateful neighbor for
whom she arranged a home equity loan
,NYS Real Estate Broker License Exam
Review Questions And Answers
In order to satisfy the education requirements for a real estate
salesperson's license, how many hours of education must an
applicant take?
A. 45 hours
B. 60 hours
C. 75 hours
D. 90 hours -
correct answer ✅C. 75 hours
A duly licensed salesperson may accept bonus compensation from
A. A grateful seller
B. A grateful buyer
C. Another salesperson.
D. None of these. -
correct answer ✅D. None of these
, NYS Real Estate Broker License Exam
Review Questions And Answers
A fully qualified broker who chooses to act as a salesperson under
the employ of another broker's sponsorship is licensed as a(n)
A. Adjunct salesperson.
B. Sales associate.
C. Associate broker.
D. Principal broker. -
correct answer ✅C. Associate broker
To obtain a broker's license, you must reach the age of
A. 18.
B. 19.
C. 20.
D. 21. -
correct answer ✅C. 20.
In order to satisfy the education requirements for a broker license,
an applicant must have first completed a total of how many hours
of prescribed study?
