Real Estate Broker Review NY Exam
Questions and Answers 100% PASS
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. -
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
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,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
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
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?
A. 45
B. 75
C. 90
D. 120 - CORRECT ANSWER-D. 120
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Questions and Answers 100% PASS
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. -
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
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
,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
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
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?
A. 45
B. 75
C. 90
D. 120 - CORRECT ANSWER-D. 120
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
