age 1 of 90
COLIBRI REAL ESTATE EXAM STUDY GUIDE 2025/2026
COMPREHENSIVE QUESTIONS WITH VERIFIED
CORRECT ANSWERS || ALREADY GRADED A+
<BRAND NEW VERSION>
What is the mission of the Division of Licensing Services?
.......Answer.........To protect the health, safety and welfare of
consumers.
To provide efficient processing and examination services to
license applicants.
To provide accurate information and qualified licensees to the
business community. The Division of Licensing issues licenses and
enforces the real estate law.
,age 2 of 90
What are the duties of the Secretary of State?
.......Answer.........All licensing, examination, education, and
compliance provisions of Article 12-A.
The rules of the Board.
The rules of the Secretary of State
During which stage of a real estate transaction must the licensee
remember to impart information to the seller regarding the
potential buyer's qualifications and the quality of the offer
being presented? .......Answer.........During the negotiation stage
Why should real estate licensees have good knowledge of the
loan programs that are currently available from local banks and
other lenders? .......Answer.........Financing is a critical part of the
transaction. Licensees need to stay current on lenders' guidelines
so they can qualify both the buyers and the property.
,age 3 of 90
How is an associate broker different from a broker?
.......Answer.........An associate broker must meet the same
qualifications as a licensed broker; however, an associate
broker chooses to work under the name and supervision of a
licensed real estate broker.
How do licensees collect their commissions? .......Answer.........A
broker can collect commissions from the clients. However, the
licensees working for the broker can only receive commission
payments from their sponsoring broker.
How old must a person be who wishes to become licensed in
New York? .......Answer.........Salespersons must be 18 years old;
brokers must be 20 years old.
How many hours of instruction are required to become licensed
in New York? .......Answer.........Salespersons are required to
, age 4 of 90
complete 77 hours of instruction; brokers must complete 152
hours.
How are exam scores reported, and what percentage is needed
to pass the exam? .......Answer.........ASAP after the exam as
either pass or fail; 70%
Besides individual and associate broker, name 2 classes of
broker licenses available. .......Answer.........Trade name broker,
corporate broker, partnership broker
What are the experience requirements to become a broker?
.......Answer.........Two full years of experience as a licensed
salesperson and 3,500 points.
Three years of equivalent experience in some other aspect of
real estate and 5,250 points, subject to approval by the
Department of State.
COLIBRI REAL ESTATE EXAM STUDY GUIDE 2025/2026
COMPREHENSIVE QUESTIONS WITH VERIFIED
CORRECT ANSWERS || ALREADY GRADED A+
<BRAND NEW VERSION>
What is the mission of the Division of Licensing Services?
.......Answer.........To protect the health, safety and welfare of
consumers.
To provide efficient processing and examination services to
license applicants.
To provide accurate information and qualified licensees to the
business community. The Division of Licensing issues licenses and
enforces the real estate law.
,age 2 of 90
What are the duties of the Secretary of State?
.......Answer.........All licensing, examination, education, and
compliance provisions of Article 12-A.
The rules of the Board.
The rules of the Secretary of State
During which stage of a real estate transaction must the licensee
remember to impart information to the seller regarding the
potential buyer's qualifications and the quality of the offer
being presented? .......Answer.........During the negotiation stage
Why should real estate licensees have good knowledge of the
loan programs that are currently available from local banks and
other lenders? .......Answer.........Financing is a critical part of the
transaction. Licensees need to stay current on lenders' guidelines
so they can qualify both the buyers and the property.
,age 3 of 90
How is an associate broker different from a broker?
.......Answer.........An associate broker must meet the same
qualifications as a licensed broker; however, an associate
broker chooses to work under the name and supervision of a
licensed real estate broker.
How do licensees collect their commissions? .......Answer.........A
broker can collect commissions from the clients. However, the
licensees working for the broker can only receive commission
payments from their sponsoring broker.
How old must a person be who wishes to become licensed in
New York? .......Answer.........Salespersons must be 18 years old;
brokers must be 20 years old.
How many hours of instruction are required to become licensed
in New York? .......Answer.........Salespersons are required to
, age 4 of 90
complete 77 hours of instruction; brokers must complete 152
hours.
How are exam scores reported, and what percentage is needed
to pass the exam? .......Answer.........ASAP after the exam as
either pass or fail; 70%
Besides individual and associate broker, name 2 classes of
broker licenses available. .......Answer.........Trade name broker,
corporate broker, partnership broker
What are the experience requirements to become a broker?
.......Answer.........Two full years of experience as a licensed
salesperson and 3,500 points.
Three years of equivalent experience in some other aspect of
real estate and 5,250 points, subject to approval by the
Department of State.
