REVIEW QUESTIONS FOR NY REAL ESTATE EXAM| 100% Correct Questions Rated A+ 1
1-A broker legitimately may pay all or part of Real estate -B: Salesperson can accept compensation only from their sponsoring broker.
commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead
2-The minimum age for a New York real estate broker's license C. As of July 1,2008 to become a broker you must be 20 years old.
is
a. 19.
b. 18.
c. 20.
d. 21.
3-Which of the following acts would require a real estate license C: selling land at an auction.
in New York
a. Sale of one's own property
b. Sale by the owner's lawyer
c. Sale of land by an auctioneer
d. Foreclosure sale by court order
4-An associate broker may D: Associate broker is a licensed broker but chooses to work under the supervision of
another broker.
a. sponsor a person for a salesperson's license.
b. collect his or her own real estate fees.
c. act as a principal broker for another broker.
d. Work as a salesperson for a principal broker
2/5/2026
,REVIEW QUESTIONS FOR NY REAL ESTATE EXAM| 100% Correct Questions Rated A+ 2
5-Violation of the license law is a misdemeanor, Punishable by C: DOS may impose a fine not to exceed $1000.
up to a year in jail and a fine of
Up to
a. $500.
b. $2,000.
c. $1,000.
d. $1,500.
6-When salesperson Tom Jones left ABC Realty And went to B: When a licensee terminates with a broker they must turn over all information.
work with XYZ REALTORS,
Tom's listings
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS.
8-When does offering a client's business for sale Require a real -D: selling a business where the real estate is greater than the business.
estate license?
a. Never
b. Always
c. When the business includes any real estate
d. When more than half the value is real estate
15-When selling a property in New York, the Licensee is B: If property is in an agricultural district buyer must be informed.
required to disclose to a potential
Buyer that
a. There is a group home 1 ½ miles away.
b. The property lies in an agricultural district.
c. There is a fundamentalist church three blocks away.
d. The former owners were divorced
2/5/2026
, REVIEW QUESTIONS FOR NY REAL ESTATE EXAM| 100% Correct Questions Rated A+ 3
-A broker signed a listing agreement with the Ghent's to market B: In New York dual agency is legal and permissible with timely and informed consent of
their luxury downtown condominium. A few days later, the both parties. In this case the agent must have the signed disclosure from both parties.
broker Signed a buyer representation agreement with The
Smiths, who were looking for a modest suburban single-family
home. If the buyers decide they're in the market for a luxury
downtown condominium instead, and want to see the Ghent's
property, what should the broker do?
a. Say nothing and collect a commission from
the sellers and a fee from the buyers
b. Disclose the intended dual agency and
obtain both parties written consent
c. Withdraw from representing one of the
Parties to avoid any appearance of self-dealing
d. Nothing, but accept compensation from
Only one of the parties
Ads made by real estate brokers that do not indicate that the B: All ads placed by a broker must indicate that the advertiser is a broker. Ads that do not
advertiser is a broker are: contain this are called BLIND ADS.
a. legal in New York
b. known as blind ads
c. acceptable as long as the phone number of the broker appears
in the ad
d. acceptable if the broker is doing business as an individual
broker in his own name
2/5/2026
1-A broker legitimately may pay all or part of Real estate -B: Salesperson can accept compensation only from their sponsoring broker.
commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead
2-The minimum age for a New York real estate broker's license C. As of July 1,2008 to become a broker you must be 20 years old.
is
a. 19.
b. 18.
c. 20.
d. 21.
3-Which of the following acts would require a real estate license C: selling land at an auction.
in New York
a. Sale of one's own property
b. Sale by the owner's lawyer
c. Sale of land by an auctioneer
d. Foreclosure sale by court order
4-An associate broker may D: Associate broker is a licensed broker but chooses to work under the supervision of
another broker.
a. sponsor a person for a salesperson's license.
b. collect his or her own real estate fees.
c. act as a principal broker for another broker.
d. Work as a salesperson for a principal broker
2/5/2026
,REVIEW QUESTIONS FOR NY REAL ESTATE EXAM| 100% Correct Questions Rated A+ 2
5-Violation of the license law is a misdemeanor, Punishable by C: DOS may impose a fine not to exceed $1000.
up to a year in jail and a fine of
Up to
a. $500.
b. $2,000.
c. $1,000.
d. $1,500.
6-When salesperson Tom Jones left ABC Realty And went to B: When a licensee terminates with a broker they must turn over all information.
work with XYZ REALTORS,
Tom's listings
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS.
8-When does offering a client's business for sale Require a real -D: selling a business where the real estate is greater than the business.
estate license?
a. Never
b. Always
c. When the business includes any real estate
d. When more than half the value is real estate
15-When selling a property in New York, the Licensee is B: If property is in an agricultural district buyer must be informed.
required to disclose to a potential
Buyer that
a. There is a group home 1 ½ miles away.
b. The property lies in an agricultural district.
c. There is a fundamentalist church three blocks away.
d. The former owners were divorced
2/5/2026
, REVIEW QUESTIONS FOR NY REAL ESTATE EXAM| 100% Correct Questions Rated A+ 3
-A broker signed a listing agreement with the Ghent's to market B: In New York dual agency is legal and permissible with timely and informed consent of
their luxury downtown condominium. A few days later, the both parties. In this case the agent must have the signed disclosure from both parties.
broker Signed a buyer representation agreement with The
Smiths, who were looking for a modest suburban single-family
home. If the buyers decide they're in the market for a luxury
downtown condominium instead, and want to see the Ghent's
property, what should the broker do?
a. Say nothing and collect a commission from
the sellers and a fee from the buyers
b. Disclose the intended dual agency and
obtain both parties written consent
c. Withdraw from representing one of the
Parties to avoid any appearance of self-dealing
d. Nothing, but accept compensation from
Only one of the parties
Ads made by real estate brokers that do not indicate that the B: All ads placed by a broker must indicate that the advertiser is a broker. Ads that do not
advertiser is a broker are: contain this are called BLIND ADS.
a. legal in New York
b. known as blind ads
c. acceptable as long as the phone number of the broker appears
in the ad
d. acceptable if the broker is doing business as an individual
broker in his own name
2/5/2026
