Colibri Real Estate Exam
What are the duties of the Secretary of State? All licensing, examination, education, and compliance provisions of Article 12-
A.
The rules of the Board.
The rules of the Secretary of State
How is an associate broker different from a broker? An associate broker must meet the same qualifications as a licensed broker;
however, an associate broker chooses to work under the name and supervision
of a licensed real estate broker.
How do licensees collect their commissions? A broker can collect commissions from the clients. However, the licensees
working for the broker can only receive commission payments from their
sponsoring broker.
How old must a person be who wishes to become Salespersons must be 18 years old; brokers must be 20 years old.
licensed in New York?
How many hours of instruction are required to become Salespersons are required to complete 77 hours of instruction; brokers must
licensed in New York? complete 152 hours.
How are exam scores reported, and what percentage is ASAP after the exam as either pass or fail; 70%
needed to pass the exam?
Besides individual and associate broker, name 2 classes Trade name broker, corporate broker, partnership broker
of broker licenses available.
What are the experience requirements to become a Two full years of experience as a licensed salesperson and 3,500 points.
broker? Three years of equivalent experience in some other aspect of real estate and
5,250 points, subject to approval by the Department of State.
Which penalty is not imposed by the DOS on a real Imprisonment
estate broker for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand
An___________ real estate broker is a licensed real estate Associate
broker who chooses to work under the name and
supervision of a licensed real estate broker.
, Colibri Real Estate Exam
Associate brokers may receive commission payments Sponsoring broker
from
Seller
Buyer
Cooperating broker
Sponsoring broker
Passed exam results are only valid for a period of ____ 2
years.
For what are members of the Board compensated? Expense reimbursements
Their time
Their expertise
Contractual terms
Expense reimbursements
How much is the fee charged by the DOS for an $185
associate broker license?
$50
$185
$15
No fee is charged
How many points are given for hotel sales experience? 400
400
300
250
125
From whom can a salesperson receive compensation? From his or her sponsoring broker only
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm
How many points are given for 3 years of certain types 5,250
of real estate activities?
1,000
3,500
5,250
7,625
Which of the following is a requirement for becoming a Demonstrate fair knowledge of the English language
licensed real estate broker in NY?
Be at least 21 years old
No misdemeanor convictions
Demonstrate fair knowledge of the English language
Be a US citizen
, Colibri Real Estate Exam
A real estate transaction has four stages. Which of the Marketing the property
following is NOT one of those stages?
Listing the property
Marketing the property
Negotiating the purchase contract
Settling the transaction
How many members of the NYS Board of Real Estate 5
must be real estate brokers?
5
7
All
None
How many members are on the Board of Real Estate? 15
13
9
12
15
In New York the real estate examinee must correctly 70
answer at least ______percent of the questions to pass the
exam.
A real estate salesperson works on behalf of a licensed Collect commissions
real estate broker to perform any of the following
duties associated with real estate transactions except?
List property
Sell property
Lease property
Collect commissions
The mission of the New York Department of State, To administer the compliance provisions of Article 12-A
Division of Licensing Services (DOS) includes all of the
following except?
To administer the compliance provisions of Article 12-A
To protect the health, safety and welfare of consumers.
To provide accurate information and qualified licensees
to the business community.
To provide efficient processing and examination
services to license applicants.
A listing contract gives the broker the authority to Market the property.
Negotiate the purchase price of the property.
Qualify buyers.
Determine which repairs will be made to the property.
Market the property.
What are the duties of the Secretary of State? All licensing, examination, education, and compliance provisions of Article 12-
A.
The rules of the Board.
The rules of the Secretary of State
How is an associate broker different from a broker? An associate broker must meet the same qualifications as a licensed broker;
however, an associate broker chooses to work under the name and supervision
of a licensed real estate broker.
How do licensees collect their commissions? A broker can collect commissions from the clients. However, the licensees
working for the broker can only receive commission payments from their
sponsoring broker.
How old must a person be who wishes to become Salespersons must be 18 years old; brokers must be 20 years old.
licensed in New York?
How many hours of instruction are required to become Salespersons are required to complete 77 hours of instruction; brokers must
licensed in New York? complete 152 hours.
How are exam scores reported, and what percentage is ASAP after the exam as either pass or fail; 70%
needed to pass the exam?
Besides individual and associate broker, name 2 classes Trade name broker, corporate broker, partnership broker
of broker licenses available.
What are the experience requirements to become a Two full years of experience as a licensed salesperson and 3,500 points.
broker? Three years of equivalent experience in some other aspect of real estate and
5,250 points, subject to approval by the Department of State.
Which penalty is not imposed by the DOS on a real Imprisonment
estate broker for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand
An___________ real estate broker is a licensed real estate Associate
broker who chooses to work under the name and
supervision of a licensed real estate broker.
, Colibri Real Estate Exam
Associate brokers may receive commission payments Sponsoring broker
from
Seller
Buyer
Cooperating broker
Sponsoring broker
Passed exam results are only valid for a period of ____ 2
years.
For what are members of the Board compensated? Expense reimbursements
Their time
Their expertise
Contractual terms
Expense reimbursements
How much is the fee charged by the DOS for an $185
associate broker license?
$50
$185
$15
No fee is charged
How many points are given for hotel sales experience? 400
400
300
250
125
From whom can a salesperson receive compensation? From his or her sponsoring broker only
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm
How many points are given for 3 years of certain types 5,250
of real estate activities?
1,000
3,500
5,250
7,625
Which of the following is a requirement for becoming a Demonstrate fair knowledge of the English language
licensed real estate broker in NY?
Be at least 21 years old
No misdemeanor convictions
Demonstrate fair knowledge of the English language
Be a US citizen
, Colibri Real Estate Exam
A real estate transaction has four stages. Which of the Marketing the property
following is NOT one of those stages?
Listing the property
Marketing the property
Negotiating the purchase contract
Settling the transaction
How many members of the NYS Board of Real Estate 5
must be real estate brokers?
5
7
All
None
How many members are on the Board of Real Estate? 15
13
9
12
15
In New York the real estate examinee must correctly 70
answer at least ______percent of the questions to pass the
exam.
A real estate salesperson works on behalf of a licensed Collect commissions
real estate broker to perform any of the following
duties associated with real estate transactions except?
List property
Sell property
Lease property
Collect commissions
The mission of the New York Department of State, To administer the compliance provisions of Article 12-A
Division of Licensing Services (DOS) includes all of the
following except?
To administer the compliance provisions of Article 12-A
To protect the health, safety and welfare of consumers.
To provide accurate information and qualified licensees
to the business community.
To provide efficient processing and examination
services to license applicants.
A listing contract gives the broker the authority to Market the property.
Negotiate the purchase price of the property.
Qualify buyers.
Determine which repairs will be made to the property.
Market the property.
