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NYREI Review Packet| 150 Questions| Correct Answers 100% Verified!!

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2023/2024 Written for academic year
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What agency issues real estate licenses? - ANSWER Department of State or Division of licensing Services At what age can you become a real estate salesperson? - ANSWER 18 Do you need experience in the field to become a salesperson? - ANSWER No What is the minimum age to become a real estate broker? - ANSWER 20 Do you need experience in the field to become a real estate broker? - ANSWER Yes, 2 years experience and 3500 points If your license is revoked, for how long do you have to wait to re-apply for it? - ANSWER 1 year As a licensed salesperson, where can I receive compensation from? - ANSWER Only from the Employing Broker As a real estate licensee, you will more often than not be an _____ _____, will receive a ____ from your broker, and will file a ______ on your tax return to detail your earnings vs your expenses. - ANSWER Independent Contractor, 1099, Schedule C Attorneys admitted to the bar in the NYS are _____ from the licensure law, unless they

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