New York State Real Estate Salesperson Licensing Exam 2/5/2026
Find the square footage of a rectangular shaped floor Length x Width = Area
plan. How do you find the area of a square/rectangle?
How many years is a residential investment property 27.5 years
depreciable for?
How much profit can a single person claim from the sale $250,000
of a personal residence thats tax free?
How much should the seller reimburse the buyer for $500
refusing to provide a property disclosure form?
If a property ad states that the property is near the It must include the name of the geographical area where the property is actually
vicinity of a geographical area, what else mud the ad located
include?
In NYS, how old must one be to enter into contracts? 18
Joe was not paid for the supplies and labor he provided Mechanics Lien
to homeowner Smith. What kind of lien will he file against
Smith?
New York State Real Estate Salesperson Licensing Exam Page 1 of 10
, New York State Real Estate Salesperson Licensing Exam 2/5/2026
A real estate salesperson is what type of agent? Special
Seller tells the listing agent he filed for bankruptcy the Confidentiality
previous year. The seller ends up not listing the property
with the agent, Still, what fiduciary duty does the agent
owe the seller?
Unless specified a lesser estate, transfer of title to real Fee Simple
property in NYS creates what type of interest?
What allows landlords to raise rents during the term of Escalation clause
the lease?
What are homestead properties? Residential condos, 1-4 family homes, mobile homes & farm dwellings
What are property taxes based on? Assessed value
What are tax advantages on investment properties Tax Shelters
called?
New York State Real Estate Salesperson Licensing Exam Page 2 of 10
Find the square footage of a rectangular shaped floor Length x Width = Area
plan. How do you find the area of a square/rectangle?
How many years is a residential investment property 27.5 years
depreciable for?
How much profit can a single person claim from the sale $250,000
of a personal residence thats tax free?
How much should the seller reimburse the buyer for $500
refusing to provide a property disclosure form?
If a property ad states that the property is near the It must include the name of the geographical area where the property is actually
vicinity of a geographical area, what else mud the ad located
include?
In NYS, how old must one be to enter into contracts? 18
Joe was not paid for the supplies and labor he provided Mechanics Lien
to homeowner Smith. What kind of lien will he file against
Smith?
New York State Real Estate Salesperson Licensing Exam Page 1 of 10
, New York State Real Estate Salesperson Licensing Exam 2/5/2026
A real estate salesperson is what type of agent? Special
Seller tells the listing agent he filed for bankruptcy the Confidentiality
previous year. The seller ends up not listing the property
with the agent, Still, what fiduciary duty does the agent
owe the seller?
Unless specified a lesser estate, transfer of title to real Fee Simple
property in NYS creates what type of interest?
What allows landlords to raise rents during the term of Escalation clause
the lease?
What are homestead properties? Residential condos, 1-4 family homes, mobile homes & farm dwellings
What are property taxes based on? Assessed value
What are tax advantages on investment properties Tax Shelters
called?
New York State Real Estate Salesperson Licensing Exam Page 2 of 10
