NY RE COLIBRI EXAM
How many hours of continuing education are required for salesperson license renewal?
21.5
22.5
23.5
24.5 - CORRECT ANSWER-22.5
What score is required to pass the written examination if an individual failed to renew
his or her license on time because the individual enlisted in the U.S. armed forces?
70
75
60
The exam is not required. - CORRECT ANSWER-The exam is not required
Why must the broker sign a salesperson's license renewal application?
To confirm the salesperson holds a valid license
To waive the salesperson's continuing education requirements
To confirm the salesperson is sponsored by that broker
The broker does not need to sign the application. - CORRECT ANSWER-To confirm the
salesperson is sponsored by that broker
How often must a licensee renew his or her license?
Every year
Every two years
Every three years
Every four years - CORRECT ANSWER-Every Two years
If there is a change of broker and/or address, how long does the licensee have to
complete and submit the appropriate form to the Department of State?
5 days
7 days
2 weeks
1 month - CORRECT ANSWER-5 days
How old must a candidate for a broker's license be?
19
19
20
21 - CORRECT ANSWER-20
When does the broker receive his or her commission for listing and selling a property?
, When the listing agreement is signed.
When an offer to purchase is received.
When the seller and buyer agree on the final purchase price.
When the transaction is settled. - CORRECT ANSWER-When the transaction is settled
The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or her
commission is called?
Settling the transaction.
Negotiating the purchase contract.
Financing the purchase.
Listing the property. - CORRECT ANSWER-Settling the transaction
Which of the following statements is TRUE regarding policies for taking the licensure
examination?
Examinees may use a PDA.
Cell phones must be muted but may be left on for emergency purposes.
Examinees may drink during the exam but may not bring food into the test center.
Examinees may not bring large bags or briefcases into the test center. - CORRECT
ANSWER-Examinees may not bring large bags or briefcases into the test center.
In order to become a licensed salesperson in New York, a candidate must
_________successfully.
complete the 60-hour pre-license course
complete the 77-hour pre-license course
complete the 120-hour pre-license course
complete the 150-hour course - CORRECT ANSWER-complete the 77-hour pre-license
course
The Broker Exam is a written exam in a multiple-choice format and
contains______questions.
200
50
75
100 - CORRECT ANSWER-100
How many members are on the Board of Real Estate?
13
9
12
15 - CORRECT ANSWER-15
New York has established a point system to help determine the experience a Broker
candidate needs. A total of_________ points and the equivalent to two years of full-time
experience for broker candidates. - CORRECT ANSWER-3500
How many hours of continuing education are required for salesperson license renewal?
21.5
22.5
23.5
24.5 - CORRECT ANSWER-22.5
What score is required to pass the written examination if an individual failed to renew
his or her license on time because the individual enlisted in the U.S. armed forces?
70
75
60
The exam is not required. - CORRECT ANSWER-The exam is not required
Why must the broker sign a salesperson's license renewal application?
To confirm the salesperson holds a valid license
To waive the salesperson's continuing education requirements
To confirm the salesperson is sponsored by that broker
The broker does not need to sign the application. - CORRECT ANSWER-To confirm the
salesperson is sponsored by that broker
How often must a licensee renew his or her license?
Every year
Every two years
Every three years
Every four years - CORRECT ANSWER-Every Two years
If there is a change of broker and/or address, how long does the licensee have to
complete and submit the appropriate form to the Department of State?
5 days
7 days
2 weeks
1 month - CORRECT ANSWER-5 days
How old must a candidate for a broker's license be?
19
19
20
21 - CORRECT ANSWER-20
When does the broker receive his or her commission for listing and selling a property?
, When the listing agreement is signed.
When an offer to purchase is received.
When the seller and buyer agree on the final purchase price.
When the transaction is settled. - CORRECT ANSWER-When the transaction is settled
The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or her
commission is called?
Settling the transaction.
Negotiating the purchase contract.
Financing the purchase.
Listing the property. - CORRECT ANSWER-Settling the transaction
Which of the following statements is TRUE regarding policies for taking the licensure
examination?
Examinees may use a PDA.
Cell phones must be muted but may be left on for emergency purposes.
Examinees may drink during the exam but may not bring food into the test center.
Examinees may not bring large bags or briefcases into the test center. - CORRECT
ANSWER-Examinees may not bring large bags or briefcases into the test center.
In order to become a licensed salesperson in New York, a candidate must
_________successfully.
complete the 60-hour pre-license course
complete the 77-hour pre-license course
complete the 120-hour pre-license course
complete the 150-hour course - CORRECT ANSWER-complete the 77-hour pre-license
course
The Broker Exam is a written exam in a multiple-choice format and
contains______questions.
200
50
75
100 - CORRECT ANSWER-100
How many members are on the Board of Real Estate?
13
9
12
15 - CORRECT ANSWER-15
New York has established a point system to help determine the experience a Broker
candidate needs. A total of_________ points and the equivalent to two years of full-time
experience for broker candidates. - CORRECT ANSWER-3500
