REAL ESTATE LICENSING LAWS UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
●● What law primarily governs real estate licensing in New York?
Answer: Article 12-A of the New York Real Property Law.
●● What agency enforces New York real estate licensing laws?
Answer: The New York Department of State (DOS), Division of
Licensing Services.
●● What is Article 12-A?
Answer: The section of New York Real Property Law regulating real
estate brokers and salespersons.
●● What is a real estate broker?
Answer: A licensed person authorized to operate a brokerage business,
supervise agents, and collect commissions.
●● What is an associate real estate broker?
Answer: A person qualified as a broker but affiliated with another broker
instead of operating independently.
,●● What is a real estate salesperson?
Answer: A licensed individual who works under a sponsoring broker to
perform real estate services.
●● Can a salesperson work independently in New York?
Answer: No, a salesperson must work under a sponsoring broker.
●● What are the responsibilities of a broker to the public?
Answer: Honesty, disclosure, fair dealing, escrow management, and
lawful supervision.
●● What are the responsibilities of a broker to licensees?
Answer: Supervision, compliance, maintaining records, and holding
licenses/pocket cards.
●● What is the minimum age for a real estate broker in New York?
Answer: 20 years old.
●● What is the minimum age for a salesperson in New York?
Answer: 18 years old.
●● What education is required for a salesperson license in New York?
, Answer: Completion of the required state-approved qualifying course
and passing the state exam.
●● What activities require a real estate license in New York?
Answer: Selling, leasing, negotiating, collecting rents, procuring
prospects, auctioning, and advertising for compensation.
●● Who is exempt from requiring a real estate license?
Answer: Owners selling their own property, attorneys acting within legal
practice, court-appointed fiduciaries, and certain public officers.
●● What is a pocket card?
Answer: A card showing license status and sponsoring broker
information.
●● What changes must be reported to the Department of State?
Answer: Name changes, address changes, status changes, and changes of
association.
●● What is dual licensure?
Answer: Holding licenses in more than one category or state under
lawful conditions.
●● How often must New York real estate licenses generally be renewed?
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
●● What law primarily governs real estate licensing in New York?
Answer: Article 12-A of the New York Real Property Law.
●● What agency enforces New York real estate licensing laws?
Answer: The New York Department of State (DOS), Division of
Licensing Services.
●● What is Article 12-A?
Answer: The section of New York Real Property Law regulating real
estate brokers and salespersons.
●● What is a real estate broker?
Answer: A licensed person authorized to operate a brokerage business,
supervise agents, and collect commissions.
●● What is an associate real estate broker?
Answer: A person qualified as a broker but affiliated with another broker
instead of operating independently.
,●● What is a real estate salesperson?
Answer: A licensed individual who works under a sponsoring broker to
perform real estate services.
●● Can a salesperson work independently in New York?
Answer: No, a salesperson must work under a sponsoring broker.
●● What are the responsibilities of a broker to the public?
Answer: Honesty, disclosure, fair dealing, escrow management, and
lawful supervision.
●● What are the responsibilities of a broker to licensees?
Answer: Supervision, compliance, maintaining records, and holding
licenses/pocket cards.
●● What is the minimum age for a real estate broker in New York?
Answer: 20 years old.
●● What is the minimum age for a salesperson in New York?
Answer: 18 years old.
●● What education is required for a salesperson license in New York?
, Answer: Completion of the required state-approved qualifying course
and passing the state exam.
●● What activities require a real estate license in New York?
Answer: Selling, leasing, negotiating, collecting rents, procuring
prospects, auctioning, and advertising for compensation.
●● Who is exempt from requiring a real estate license?
Answer: Owners selling their own property, attorneys acting within legal
practice, court-appointed fiduciaries, and certain public officers.
●● What is a pocket card?
Answer: A card showing license status and sponsoring broker
information.
●● What changes must be reported to the Department of State?
Answer: Name changes, address changes, status changes, and changes of
association.
●● What is dual licensure?
Answer: Holding licenses in more than one category or state under
lawful conditions.
●● How often must New York real estate licenses generally be renewed?
