NYREI Exam Questions with Correct Answers (Grade A+)
Question 1: Who is responsible for the administration of licensing?
Answer: Secretary of State
Question 2: Which article of real property law deals with licensees?
Answer: Article 12A
Question 3: Which article of real property law deals with real estate transactions, such as zoning,
subdivisions, easements, and the like?
Answer: Article 9A
Question 4: Which article of real property is is a proceeding known as a "suit to Quiet Title"?
Answer: Article 14
Question 5: What does section 443 of Article 12A deal with?
Answer: disclosure issues
Question 6: Which federal agency is not involved with real estate?
Answer: SEC
Question 7: Oksana was a broker in Russia, with a very poor understanding of the English language.
Although she was 28 years old and now an American citizen, she was unable to obtain her license
because she did not:
Answer: have a grasp of the English language.
Question 8: Which state does NOT offer reciprocity?
Answer: Vermont
Question 9: What are three of nine states that accept NYC course credits for licensing?
Answer: Colorado, Arkansas and Virginia
Question 10: Residential real estate developers do NOT
Answer: engage in creating legal entities / partnerships between attorneys and real estate agents
Page 1
, Question 11: The sources of law that affect real estate transaction and activity are
Answer: State and federal law, local ordinances and court decisions
Question 12: What classification of license is an associate broker?
Answer: Class 30
Question 13: What is the limit action for a tort in NYC?
Answer: 3 years
Question 14: How many hours of education are required for a brokers license?
Answer: 120 (75+45)
Question 15: The power to enforce the real estate laws is vested with
Answer: department of state
Question 16: A real estate brokerage may conduct business under the name of a corporation as long as
the broker
Answer: is an officer of the corporation
Question 17: A salesperson for K&H Realty informed a buyer that the home listed with his company
was underpriced for the neighborhood, and that there were several improvements that could ensure
instant appreciation. In fact, the market value of the home was much less than what the salesperson
disclosed. The agent committed
Answer: fraud
Question 18: In New York, this protects the broker if, after the listing expires, the owner sells the
property to someone with whom the broker had dealt during the listing period. What ensures the
original broker a commission?
Answer: protection clause
Question 19: Mrs. Wilson passed her initial real estate course and received her certificate from the
school. She then passed the required state test. The following week, Mrs. Wilson sold her neighbor's
house and she was reported to the Department of State because she did not
Answer: have a sponsoring broker
Page 2
Question 1: Who is responsible for the administration of licensing?
Answer: Secretary of State
Question 2: Which article of real property law deals with licensees?
Answer: Article 12A
Question 3: Which article of real property law deals with real estate transactions, such as zoning,
subdivisions, easements, and the like?
Answer: Article 9A
Question 4: Which article of real property is is a proceeding known as a "suit to Quiet Title"?
Answer: Article 14
Question 5: What does section 443 of Article 12A deal with?
Answer: disclosure issues
Question 6: Which federal agency is not involved with real estate?
Answer: SEC
Question 7: Oksana was a broker in Russia, with a very poor understanding of the English language.
Although she was 28 years old and now an American citizen, she was unable to obtain her license
because she did not:
Answer: have a grasp of the English language.
Question 8: Which state does NOT offer reciprocity?
Answer: Vermont
Question 9: What are three of nine states that accept NYC course credits for licensing?
Answer: Colorado, Arkansas and Virginia
Question 10: Residential real estate developers do NOT
Answer: engage in creating legal entities / partnerships between attorneys and real estate agents
Page 1
, Question 11: The sources of law that affect real estate transaction and activity are
Answer: State and federal law, local ordinances and court decisions
Question 12: What classification of license is an associate broker?
Answer: Class 30
Question 13: What is the limit action for a tort in NYC?
Answer: 3 years
Question 14: How many hours of education are required for a brokers license?
Answer: 120 (75+45)
Question 15: The power to enforce the real estate laws is vested with
Answer: department of state
Question 16: A real estate brokerage may conduct business under the name of a corporation as long as
the broker
Answer: is an officer of the corporation
Question 17: A salesperson for K&H Realty informed a buyer that the home listed with his company
was underpriced for the neighborhood, and that there were several improvements that could ensure
instant appreciation. In fact, the market value of the home was much less than what the salesperson
disclosed. The agent committed
Answer: fraud
Question 18: In New York, this protects the broker if, after the listing expires, the owner sells the
property to someone with whom the broker had dealt during the listing period. What ensures the
original broker a commission?
Answer: protection clause
Question 19: Mrs. Wilson passed her initial real estate course and received her certificate from the
school. She then passed the required state test. The following week, Mrs. Wilson sold her neighbor's
house and she was reported to the Department of State because she did not
Answer: have a sponsoring broker
Page 2
