real estate practice EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

REAL ESTATE EXAM @x @x




Exam Solution @x




REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 2026 @x @x @x @x @x @x @x




A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERI
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FIED ANSWERS (12C42) @x @x




QUESTION 1 @x




1-A broker legitimately may pay all or part of Real estate commission to a
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a. seller
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b. salesperson
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c. buyer
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d. friend who provides a listing lead
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ANSWER

-B: Salesperson can accept compensation only from their sponsoring broker.
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QUESTION 2 @x




2-The minimum age for a New York real estate broker's license is
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a. 19.
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b. 18.
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c. 20.
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d. 21.
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ANSWER

C. As of July 1,2008 to become a broker you must be 20 years old.
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QUESTION 3 @x




3-Which of the following acts would require a real estate license in New York
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a. Sale of one's own property
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b. Sale by the owner's lawyer
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c. Sale of land by an auctioneer
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d. Foreclosure sale by court order
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ANSWER

,C: selling land at an auction.
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QUESTION 4 @x




4-An associate broker may
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a. sponsor a person for a salesperson's license.
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b. collect his or her own real estate fees.
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c. act as a principal broker for another broker.
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d. Work as a salesperson for a principal broker
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ANSWER

D: Associate broker is a licensed broker but chooses to work under the supervision of another bro
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ker.



QUESTION 5 @x




5-
Violation of the license law is a misdemeanor, Punishable by up to a year in jail and
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a fine of Up to
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a. $500.
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b. $2,000.
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c. $1,000.
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d. $1,500.
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ANSWER

C: DOS may impose a fine not to exceed $1000.
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QUESTION 6 @x




6-
When salesperson Tom Jones left ABC Realty And went to work with XYZ REALTORS,
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Tom's listings
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a. became null and void.
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b. Remained with ABC Realty.
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c. Went with him to XYZ REALTORS.
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d. Required the sellers' signatures to remain in the local MLS.
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ANSWER

B: When a licensee terminates with a broker they must turn over all information.
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QUESTION 7 @x




A salesperson's license must be d. sent to the local REALTORS association.
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a. displayed on the firm's wall.
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, b. kept in the salesperson's wallet
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c. retained by the principal broker.
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d.
ANSWER

C: Kept by the broker in a safe place.
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QUESTION 8 @x




8-When does offering a client's business for sale Require a real estate license?
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a. Never
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b. Always
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c. When the business includes any real estate
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d. When more than half the value is real estate
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ANSWER

-D: selling a business where the real estate is greater than the business.
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QUESTION 9 @x




An apartment information vendor is licensed by:
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a. Department of Law
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b. New York Attorney General's office
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c. Department of State
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d. Division of Housing and Community Rental
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ANSWER

C: Department of State licenses apartment information vendors....
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QUESTION 10 @x




When a license is revoked, how long must a licensee wait before applying to have th
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e license reinstated?
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a. 18 months
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b. 1 year
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c. 6 months
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d. 2 years
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ANSWER

B: If a license is revoke licensee must wait 1 year before reapplying..
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QUESTION 11 @x