NYS Real Estate Practice Exam Questions
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
What agency issues real estate licenses? The New York State Department of State (NYDOS), Divison of Licensing
Services
At what age can you become a real estate 18
salesperson?
Do you need experience in the field to become a No
sales person?
What is the minimum age to become a real estate 20
broker?
If your license is revoked, how long do you have to One
year wait to re-apply for it?
Do you need experience in the field to become a Yes, at least 2 years of experience and 3200
points broker?
As a licensing salesperson, I can receive Sponsoring Broker
compensation from my?
As a real estate licensee you will more often than Independent contractor, 1099, Schedule C
not be an ________, will receive a______and will file
a _____________
Attorneys admitted to the bar in NYS are _____ from Exempt
the licensure law, unless they take on sales people
If you mix your clients money with the office Commingling funds and Accountability
operating funds, it is called___and you have
violated which fiducary duty?
For how long does a broker need to keep his/her Three years
records for?
If my license has expired, for how long can i No Grace
Period continue to practice real estate sales?In other
words, what is the grace period?
Your real estate license with the pocket card will Broker holds the license and I hold the pocket card
be sent to your sponsoring broker. who holds the
license? Who holds the pocket card?
How many hours of continuing ed must a sales 22.5 hours
person take?
, As a real estate sales person, you have to take 2 years
continuing ed classes every?
There is also a component of _________ required Fair housing
every two years.
Are Real Estate brokers also required to take the Yes
CE classes?
If a seller decides not to provide the purchaser $500
with the Property Condition Disclosure Form, how
much of a reduction in price does he have to give?
If you are a independent contractor what can a
Telephone broker provide to you?
As an independent contractor are you paid for the
no
hours you put into a deal, or for "production'?
Verified and Provided with Complete A+
Graded Answers Latest Updated 2026
What agency issues real estate licenses? The New York State Department of State (NYDOS), Divison of Licensing
Services
At what age can you become a real estate 18
salesperson?
Do you need experience in the field to become a No
sales person?
What is the minimum age to become a real estate 20
broker?
If your license is revoked, how long do you have to One
year wait to re-apply for it?
Do you need experience in the field to become a Yes, at least 2 years of experience and 3200
points broker?
As a licensing salesperson, I can receive Sponsoring Broker
compensation from my?
As a real estate licensee you will more often than Independent contractor, 1099, Schedule C
not be an ________, will receive a______and will file
a _____________
Attorneys admitted to the bar in NYS are _____ from Exempt
the licensure law, unless they take on sales people
If you mix your clients money with the office Commingling funds and Accountability
operating funds, it is called___and you have
violated which fiducary duty?
For how long does a broker need to keep his/her Three years
records for?
If my license has expired, for how long can i No Grace
Period continue to practice real estate sales?In other
words, what is the grace period?
Your real estate license with the pocket card will Broker holds the license and I hold the pocket card
be sent to your sponsoring broker. who holds the
license? Who holds the pocket card?
How many hours of continuing ed must a sales 22.5 hours
person take?
, As a real estate sales person, you have to take 2 years
continuing ed classes every?
There is also a component of _________ required Fair housing
every two years.
Are Real Estate brokers also required to take the Yes
CE classes?
If a seller decides not to provide the purchaser $500
with the Property Condition Disclosure Form, how
much of a reduction in price does he have to give?
If you are a independent contractor what can a
Telephone broker provide to you?
As an independent contractor are you paid for the
no
hours you put into a deal, or for "production'?
