1|Page
NYS Real Estate State Exam (Multiple Choice) (Latest
2026) || Most Recent Exam Actual Complete Real
Verified Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ | Guaranteed
Success!! Newest Exam!!!
If you mix your clients money with the office operating
funds, it is called________ and you have violated which
fiducary duty? - Answer-Commingling funds and
Accountability
For how long does a broker need to keep his/her records
for? - Answer-Three years
If my license has expired, for how long can i continue to
practice real estate sales?In other words, what is the
grace period? - Answer-No Grace Period
Your real estate license with the pocket card will be sent to
your sponsoring broker. who holds the license? Who holds
the pocket card? - Answer-Broker holds the license and I
hold the pocket card
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How many hours of continuing ed must a sales person
take? - Answer-22.5 hours
As a real estate sales person, you have to take continuing
ed classes every? - Answer-2 years
There is also a component of _________ required every
two years. - Answer-Fair housing
Are Real Estate brokers also required to take the CE
classes? - Answer-Yes
If a seller decides not to provide the purchaser with the
Property Condition Disclosure Form, how much of a
reduction in price does he have to give? - Answer-$500
If you are a independent contractor what can a broker
provide to you? - Answer-Telephone
As an independent contractor are you paid for the hours
you put into a deal, or for "production'? - Answer-no
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What is the term of a real estate licensure? - Answer-two
years
If i was a real estate licensee and wanted to apply to
become a mortgage broker, how many years of
experience would i need? - Answer-Two Years
Violation of real estate Licensee law is a? - Answer-
Misdemeanor
What is the possible penalty of violating Real Estate
Licensee Law? - Answer-$1000 fine, and up to one year in
jail
What is the very first document you should fill out with a
client or customer? - Answer-Agency Disclosure Form
At what moment should you take out the Agency
Disclosure form? - Answer-At first Substantive Contact
What does First substantive contact mean? - Answer-
When the customer begins to ask questions pretaining to
the Real Estate Property.
NYS Real Estate State Exam (Multiple Choice) (Latest
2026) || Most Recent Exam Actual Complete Real
Verified Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ | Guaranteed
Success!! Newest Exam!!!
If you mix your clients money with the office operating
funds, it is called________ and you have violated which
fiducary duty? - Answer-Commingling funds and
Accountability
For how long does a broker need to keep his/her records
for? - Answer-Three years
If my license has expired, for how long can i continue to
practice real estate sales?In other words, what is the
grace period? - Answer-No Grace Period
Your real estate license with the pocket card will be sent to
your sponsoring broker. who holds the license? Who holds
the pocket card? - Answer-Broker holds the license and I
hold the pocket card
,2|Page
How many hours of continuing ed must a sales person
take? - Answer-22.5 hours
As a real estate sales person, you have to take continuing
ed classes every? - Answer-2 years
There is also a component of _________ required every
two years. - Answer-Fair housing
Are Real Estate brokers also required to take the CE
classes? - Answer-Yes
If a seller decides not to provide the purchaser with the
Property Condition Disclosure Form, how much of a
reduction in price does he have to give? - Answer-$500
If you are a independent contractor what can a broker
provide to you? - Answer-Telephone
As an independent contractor are you paid for the hours
you put into a deal, or for "production'? - Answer-no
, 3|Page
What is the term of a real estate licensure? - Answer-two
years
If i was a real estate licensee and wanted to apply to
become a mortgage broker, how many years of
experience would i need? - Answer-Two Years
Violation of real estate Licensee law is a? - Answer-
Misdemeanor
What is the possible penalty of violating Real Estate
Licensee Law? - Answer-$1000 fine, and up to one year in
jail
What is the very first document you should fill out with a
client or customer? - Answer-Agency Disclosure Form
At what moment should you take out the Agency
Disclosure form? - Answer-At first Substantive Contact
What does First substantive contact mean? - Answer-
When the customer begins to ask questions pretaining to
the Real Estate Property.
