Page 1 of 55
COLIBRI REAL ESTATE EXAM NEWEST
2003/2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {155 Q & A}
ALREADY GRADED A+ | BRAND NEW! | 100%
GUARANTEED PASS
The _________________________ can enforce compliance with the
Sherman Act and some sections of the Clayton Act.
Federal Trade Commission (FTC)
Internal REALTOR® Syndicate (IRS)
Internal Commission Committee (ICC)
Antitrust Business Commission (ABC) - ✔✔✔ Correct Answer > Federal
Trade Commission (FTC)
New York has established a point system to help determine the
experience a Broker candidate needs. A total of_________ points
and the equivalent to two years of full-time experience for
broker candidates.
2000
2500
3000
,Page 2 of 55
3500 - ✔✔✔ Correct Answer > 3500
Which of the following statements is TRUE regarding policies for
taking the licensure examination?
Examinees may use a PDA.
Cell phones must be muted but may be left on for emergency
purposes.
Examinees may drink during the exam but may not bring food
into the test center.
Examinees may not bring large bags or briefcases into the test
center. - ✔✔✔ Correct Answer > Examinees may not bring large bags
or briefcases into the test center.
How many total years may a member of the NYS Board of Real
Estate serve?
2 years
5 years
10 years
Unlimited - ✔✔✔ Correct Answer > 10 years
Which of the following does NOT appoint members to the Board?
Governor
Secretary of State
,Page 3 of 55
Senate Minority Leader
Speaker of the Assembly - ✔✔✔ Correct Answer > Secretary of State
What are the experience requirements for a broker candidate?
One full year of experience as a licensed salesperson OR two
years of equivalent experience in some other aspect of real
estate
Two full years of experience as a licensed salesperson AND
three years of equivalent experience in some other aspect of real
estate
One full year of experience as a licensed salesperson AND two
years of equivalent experience in some other aspect of real
estate
Two full years of experience as a licensed salesperson OR three
years of equivalent experience in some other aspect of real
estate - ✔✔✔ Correct Answer > Two full years of experience as a
licensed salesperson OR three years of equivalent experience in
some other aspect of real estate
The final step of the real estate transaction is
Accepting the offer.
Paying the purchase price.
Closing.
Clearing the title. - ✔✔✔ Correct Answer > Clearing the title.
, Page 4 of 55
Which of the following is NOT part of the transaction closing?
The buyer receives the title.
The title agent clears the title.
The seller receives the proceeds from the sale.
The broker is paid his or her commission. - ✔✔✔ Correct Answer > The
title agent clears the title.
Which additional requirement must a candidate meet to become
a licensed associate broker?
Submit proof of 1 full year of experience as a licensed
salesperson
Submit the name of a sponsoring broker
Complete 45 hours of approved study
Be a US citizen - ✔✔✔ Correct Answer > Submit the name of a
sponsoring broker
In order to become a licensed broker in New York, a candidate
must be at least____years of age.
18
21
20
16 - ✔✔✔ Correct Answer > 20
COLIBRI REAL ESTATE EXAM NEWEST
2003/2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {155 Q & A}
ALREADY GRADED A+ | BRAND NEW! | 100%
GUARANTEED PASS
The _________________________ can enforce compliance with the
Sherman Act and some sections of the Clayton Act.
Federal Trade Commission (FTC)
Internal REALTOR® Syndicate (IRS)
Internal Commission Committee (ICC)
Antitrust Business Commission (ABC) - ✔✔✔ Correct Answer > Federal
Trade Commission (FTC)
New York has established a point system to help determine the
experience a Broker candidate needs. A total of_________ points
and the equivalent to two years of full-time experience for
broker candidates.
2000
2500
3000
,Page 2 of 55
3500 - ✔✔✔ Correct Answer > 3500
Which of the following statements is TRUE regarding policies for
taking the licensure examination?
Examinees may use a PDA.
Cell phones must be muted but may be left on for emergency
purposes.
Examinees may drink during the exam but may not bring food
into the test center.
Examinees may not bring large bags or briefcases into the test
center. - ✔✔✔ Correct Answer > Examinees may not bring large bags
or briefcases into the test center.
How many total years may a member of the NYS Board of Real
Estate serve?
2 years
5 years
10 years
Unlimited - ✔✔✔ Correct Answer > 10 years
Which of the following does NOT appoint members to the Board?
Governor
Secretary of State
,Page 3 of 55
Senate Minority Leader
Speaker of the Assembly - ✔✔✔ Correct Answer > Secretary of State
What are the experience requirements for a broker candidate?
One full year of experience as a licensed salesperson OR two
years of equivalent experience in some other aspect of real
estate
Two full years of experience as a licensed salesperson AND
three years of equivalent experience in some other aspect of real
estate
One full year of experience as a licensed salesperson AND two
years of equivalent experience in some other aspect of real
estate
Two full years of experience as a licensed salesperson OR three
years of equivalent experience in some other aspect of real
estate - ✔✔✔ Correct Answer > Two full years of experience as a
licensed salesperson OR three years of equivalent experience in
some other aspect of real estate
The final step of the real estate transaction is
Accepting the offer.
Paying the purchase price.
Closing.
Clearing the title. - ✔✔✔ Correct Answer > Clearing the title.
, Page 4 of 55
Which of the following is NOT part of the transaction closing?
The buyer receives the title.
The title agent clears the title.
The seller receives the proceeds from the sale.
The broker is paid his or her commission. - ✔✔✔ Correct Answer > The
title agent clears the title.
Which additional requirement must a candidate meet to become
a licensed associate broker?
Submit proof of 1 full year of experience as a licensed
salesperson
Submit the name of a sponsoring broker
Complete 45 hours of approved study
Be a US citizen - ✔✔✔ Correct Answer > Submit the name of a
sponsoring broker
In order to become a licensed broker in New York, a candidate
must be at least____years of age.
18
21
20
16 - ✔✔✔ Correct Answer > 20
