New York real estate Chapter 1 multiple
choice 2024
Individuals NOT exempt from the licensure requirements would be: - answer those
under age 21
The New York regulatory agency that oversees real estate licensure is the: - answer
Department of state
seller pays an extra commission to go entirely to the salesperson. The salesperson: -
answer may receive the extra monies if the sponsoring broker first receives the monies
and pays it to the salesperson
licensee activity that violates the license law is: - answer advising a buyer as to the
validity of a deed
A person typically exempt from real estate licensure is one: - answer acts for another as
a rental agent for one property
To induce a prospective buyer to purchase a property, a real estate broker informs the
buyer that the property is four years old although the broker knows the property is eight
years old. Relying on the broker's statement, the buyer contracts to purchase the
property. Which of the following is FALSE? The: - answerseller, not the broker, is
responsible for any misrepresentation
The maximum time allowed to renew a license without having to retake the state exam
is: - answerwithin two years from the expiration date of the license
A real estate salesperson license is: - answerkept by the broker
According to license law and regulations, the DOS requires a broker to: -
answerconspicuously display the broker's license
Which of the following is NOT exempt from taking continuing education? -
answerSalesperson licensed for 15 continuous years
Which of the following statements is FALSE? - answerNet listings are legal in some
New York counties.
Which of the following is TRUE regarding the termination of association by a
salesperson? - answersalesperson cannot associate with another brokerage firm until
his or her termination of association is filed with the DOS
choice 2024
Individuals NOT exempt from the licensure requirements would be: - answer those
under age 21
The New York regulatory agency that oversees real estate licensure is the: - answer
Department of state
seller pays an extra commission to go entirely to the salesperson. The salesperson: -
answer may receive the extra monies if the sponsoring broker first receives the monies
and pays it to the salesperson
licensee activity that violates the license law is: - answer advising a buyer as to the
validity of a deed
A person typically exempt from real estate licensure is one: - answer acts for another as
a rental agent for one property
To induce a prospective buyer to purchase a property, a real estate broker informs the
buyer that the property is four years old although the broker knows the property is eight
years old. Relying on the broker's statement, the buyer contracts to purchase the
property. Which of the following is FALSE? The: - answerseller, not the broker, is
responsible for any misrepresentation
The maximum time allowed to renew a license without having to retake the state exam
is: - answerwithin two years from the expiration date of the license
A real estate salesperson license is: - answerkept by the broker
According to license law and regulations, the DOS requires a broker to: -
answerconspicuously display the broker's license
Which of the following is NOT exempt from taking continuing education? -
answerSalesperson licensed for 15 continuous years
Which of the following statements is FALSE? - answerNet listings are legal in some
New York counties.
Which of the following is TRUE regarding the termination of association by a
salesperson? - answersalesperson cannot associate with another brokerage firm until
his or her termination of association is filed with the DOS
