NEW YORK STATE REAL ESTATE
SALESPERSON LICENSING EXAM 2026/2027
WITH 1000+ QUESTIONS AND EXPERT-
VERIFIED CORRECT ANSWERS | ALREADY
GRADED A+ | GUARANTEED PASS | NEW
YORK STATE REAL ESTATE LICENSE
SALESPERSON LATEST EXAM
What must a listing agent do before entering into a cooperative agreement creating
a subagency? - ANSWER-Obtain the informed consent of the seller.
A section contains how many acres? - ANSWER-640 acres
Mary's property has been assessed at a higher percentage of value than all of the
other properties on the same assessment roll. What is this an example of? -
ANSWER-Unequal assessment.
A PUD would involve which type of property management? - ANSWER-
Condominium and cooperative management
,A high vacancy factor in the local area may result in - ANSWER-A high vacancy
rate for the subject property.
Which of the following would NOT be included on a property management report?
- Rental receipts
- Delinquent accounts
- Total expenses for the month
- Employee handbook - ANSWER-Employee handbook
What happens to rental rates when demand is high and supply is low? - ANSWER-
Rental rates are increased.
Which function is not performed by a property manager?
-Renting property
- Leasing property
- Keeping costs within budget
- Preparing the property deed - ANSWER-Preparing the property deed
The list of the number of rental units, the length of each lease, and the monthly
income from each unit is called the - ANSWER-Rent roll.
Which of the following is NOT a valuable skill for a property manager to have?
- Knowledge of building systems
- Maintaining landlord-tenant relations
- Advertising
- Mortgage disclosure - ANSWER-Mortgage disclosure
,Which of the following would not be found in a management proposal?
- Tenant credit histories
- Property description
- Schedule of property inspections
- Management fee information - ANSWER-Tenant credit histories
Class A office buildings - ANSWER-are newer buildings and offer prestige to its
occupants.
Which IREM designation is reserved for individuals who meet a certain level of
education and experience?
- CPM
- ARM
= CPR
= AMO - ANSWER-CPM
A property manager working for more than one owner - ANSWER-should have a
real estate license.
A property manager is responsible to - ANSWER-the property owner and tenants.
When setting up a rent schedule, a property manager should analyze all of the
following EXCEPT
- neighborhood amenities.
- community growth.
- area vacancy rates.
, - new home sales. - ANSWER-new home sales.
Which type of budget is NOT necessary for the property manager to establish?
- Unscheduled maintenance budget
- Operating budget
- Capital reserve budget
- Stabilized budget - ANSWER-Unscheduled maintenance budget
Which of the following is NOT a professional property management organization?
- National PMA
- ULI
- ISCC
- CREW - ANSWER-ISCC
Which function of the property manager is most important to the property owner?
- Enforcing the rules
- Marketing the property
- Submitting monthly reports
- Achieving the owner's goals - ANSWER-Achieving the owner's goals
A court renders a judgment which authorizes a lien to be placed against the
defendant's house, car, and personal belongings. What is this an example of? -
ANSWER-General judgement lien.
What is required for a title to be marketable? - ANSWER-It must be free of
undisclosed defects and encumbrances.
SALESPERSON LICENSING EXAM 2026/2027
WITH 1000+ QUESTIONS AND EXPERT-
VERIFIED CORRECT ANSWERS | ALREADY
GRADED A+ | GUARANTEED PASS | NEW
YORK STATE REAL ESTATE LICENSE
SALESPERSON LATEST EXAM
What must a listing agent do before entering into a cooperative agreement creating
a subagency? - ANSWER-Obtain the informed consent of the seller.
A section contains how many acres? - ANSWER-640 acres
Mary's property has been assessed at a higher percentage of value than all of the
other properties on the same assessment roll. What is this an example of? -
ANSWER-Unequal assessment.
A PUD would involve which type of property management? - ANSWER-
Condominium and cooperative management
,A high vacancy factor in the local area may result in - ANSWER-A high vacancy
rate for the subject property.
Which of the following would NOT be included on a property management report?
- Rental receipts
- Delinquent accounts
- Total expenses for the month
- Employee handbook - ANSWER-Employee handbook
What happens to rental rates when demand is high and supply is low? - ANSWER-
Rental rates are increased.
Which function is not performed by a property manager?
-Renting property
- Leasing property
- Keeping costs within budget
- Preparing the property deed - ANSWER-Preparing the property deed
The list of the number of rental units, the length of each lease, and the monthly
income from each unit is called the - ANSWER-Rent roll.
Which of the following is NOT a valuable skill for a property manager to have?
- Knowledge of building systems
- Maintaining landlord-tenant relations
- Advertising
- Mortgage disclosure - ANSWER-Mortgage disclosure
,Which of the following would not be found in a management proposal?
- Tenant credit histories
- Property description
- Schedule of property inspections
- Management fee information - ANSWER-Tenant credit histories
Class A office buildings - ANSWER-are newer buildings and offer prestige to its
occupants.
Which IREM designation is reserved for individuals who meet a certain level of
education and experience?
- CPM
- ARM
= CPR
= AMO - ANSWER-CPM
A property manager working for more than one owner - ANSWER-should have a
real estate license.
A property manager is responsible to - ANSWER-the property owner and tenants.
When setting up a rent schedule, a property manager should analyze all of the
following EXCEPT
- neighborhood amenities.
- community growth.
- area vacancy rates.
, - new home sales. - ANSWER-new home sales.
Which type of budget is NOT necessary for the property manager to establish?
- Unscheduled maintenance budget
- Operating budget
- Capital reserve budget
- Stabilized budget - ANSWER-Unscheduled maintenance budget
Which of the following is NOT a professional property management organization?
- National PMA
- ULI
- ISCC
- CREW - ANSWER-ISCC
Which function of the property manager is most important to the property owner?
- Enforcing the rules
- Marketing the property
- Submitting monthly reports
- Achieving the owner's goals - ANSWER-Achieving the owner's goals
A court renders a judgment which authorizes a lien to be placed against the
defendant's house, car, and personal belongings. What is this an example of? -
ANSWER-General judgement lien.
What is required for a title to be marketable? - ANSWER-It must be free of
undisclosed defects and encumbrances.
