New York real estate 2023 exam
questions with complete solutions
The name of the statue that protects the public from unscrupulous salespersons and
brokers is - Answer-Article 12 of the real property law
A real esate brokers license term is - Answer-2 years
To become a real estate salesperson in new york one must - Answer-Find a sponsoring
broker
The end of a license term for a real estate person is - Answer-2 years from issue date
If a brokers license is revoked the salespersons license - Answer-Is suspended until the
licensee finds another broker
If a salespersons license is revoked the minimum time period for applying for
reinstatment is - Answer-1 year
Which of the following is responsible for overall enforcement of article 12a of the real
property law - Answer-Department of state
Criminal prosecutions of article 12a are conducted by - Answer-Attorney general
The maximum fine for violation of article 12a is - Answer-1000$
Violations of article 12a are - Answer-Misdemeanors
If a homeowner pays a commission to a unlicensed person the homeowner may sue in
civil court for - Answer-4x the commission paid
The code of ethics in real estate is sponsored by - Answer-The national association of
realtors
If a broker fires a salesperson for cause the broker must send the agents license to
DOS within - Answer-Immediatley
A broker is required to display - Answer-A principal brokers license
An expired salesperson license has how much time to be renewed before having to be
retested - Answer-2 years after expiration
A real estate brokers sign must state the brokers name and thw words - Answer-
Licenced real estate broker
, Of the following which is an agent of the principle - Answer-Broker of record
A salesperson may be paid a real estate brokerage commission by - Answer-His or her
employing broker
The broker refuses to sue a seller for a commission lawfully earned , the salesperson
may - Answer-Sue the broker
A broker may split a commision with - Answer-None of the above
A real estate broker may advertise property in the name of - Answer-Broker
A sales person has an offer for a property listed by another broker, the salesperson
should - Answer-Ask his/her broker to contact the listing broker to arrange for a
cooperative brokerage agreement
A broker has four written offers from four purchasers, which offer should be submitted to
the owner - Answer-All offers
A broker refuses to disclose the name of the purchaser to a seller, the broker is entitled
to - Answer-No commission
If a brokers license is suspended or revoked by the DOS the broker may - Answer-
Apply for a article 78 proceeding
A broker may sue a principle for a earned commission in - Answer-Civil court
Hearings to determine whether a brokers license should be suspended will be held with
- Answer-Department of state
Which of the following is legal in new york - Answer-A 10 percent fee to q principal
A lease must be in writing to be enforceable in court if it is for a period of - Answer-More
than one year
A listing given to many brokers, any of whom can sell it is a - Answer-Open listing
The right of the government to enact laws for the general good of the public comes
under - Answer-Police power
A listing where the seller can sell to a purchaser without paying a brokerage
commission is a - Answer-Exclusive agency
A real estate commission is earned by a broker at - Answer-When a broker brings about
a meeting of the minds w a ready , willing and able buyer
questions with complete solutions
The name of the statue that protects the public from unscrupulous salespersons and
brokers is - Answer-Article 12 of the real property law
A real esate brokers license term is - Answer-2 years
To become a real estate salesperson in new york one must - Answer-Find a sponsoring
broker
The end of a license term for a real estate person is - Answer-2 years from issue date
If a brokers license is revoked the salespersons license - Answer-Is suspended until the
licensee finds another broker
If a salespersons license is revoked the minimum time period for applying for
reinstatment is - Answer-1 year
Which of the following is responsible for overall enforcement of article 12a of the real
property law - Answer-Department of state
Criminal prosecutions of article 12a are conducted by - Answer-Attorney general
The maximum fine for violation of article 12a is - Answer-1000$
Violations of article 12a are - Answer-Misdemeanors
If a homeowner pays a commission to a unlicensed person the homeowner may sue in
civil court for - Answer-4x the commission paid
The code of ethics in real estate is sponsored by - Answer-The national association of
realtors
If a broker fires a salesperson for cause the broker must send the agents license to
DOS within - Answer-Immediatley
A broker is required to display - Answer-A principal brokers license
An expired salesperson license has how much time to be renewed before having to be
retested - Answer-2 years after expiration
A real estate brokers sign must state the brokers name and thw words - Answer-
Licenced real estate broker
, Of the following which is an agent of the principle - Answer-Broker of record
A salesperson may be paid a real estate brokerage commission by - Answer-His or her
employing broker
The broker refuses to sue a seller for a commission lawfully earned , the salesperson
may - Answer-Sue the broker
A broker may split a commision with - Answer-None of the above
A real estate broker may advertise property in the name of - Answer-Broker
A sales person has an offer for a property listed by another broker, the salesperson
should - Answer-Ask his/her broker to contact the listing broker to arrange for a
cooperative brokerage agreement
A broker has four written offers from four purchasers, which offer should be submitted to
the owner - Answer-All offers
A broker refuses to disclose the name of the purchaser to a seller, the broker is entitled
to - Answer-No commission
If a brokers license is suspended or revoked by the DOS the broker may - Answer-
Apply for a article 78 proceeding
A broker may sue a principle for a earned commission in - Answer-Civil court
Hearings to determine whether a brokers license should be suspended will be held with
- Answer-Department of state
Which of the following is legal in new york - Answer-A 10 percent fee to q principal
A lease must be in writing to be enforceable in court if it is for a period of - Answer-More
than one year
A listing given to many brokers, any of whom can sell it is a - Answer-Open listing
The right of the government to enact laws for the general good of the public comes
under - Answer-Police power
A listing where the seller can sell to a purchaser without paying a brokerage
commission is a - Answer-Exclusive agency
A real estate commission is earned by a broker at - Answer-When a broker brings about
a meeting of the minds w a ready , willing and able buyer
