NY REAL ESTATE EXPRESS PRACTICE
EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
The _____ is the Chairperson. A Vice-Chairperson and Secretary are elected from
among the other members of the Board. If a member fails to attend ____ consecutive
meetings, the member shall forfeit seat on the Board (may be excused due to illness or
death in the family). - Answer-Secretary of State, three
The ____ has the duty to administer all licensing, examination, education, and
compliance provisions of Article 12-A; the rules of the Board; and the rules of the
Secretary of State. - Answer-Secretary of State
Except for things delegated specifically to the ____, the ___ has general authority to
promulgate rules and regulations affecting real estate brokers and salespersons in order
to administer Article 12-A of the Real Property Law. - Answer-Secretary of State, Board
Has a responsibility to be fair and competent when dealing with the public. Is
responsible for managing and supervising all affiliated licensees. - Answer-real estate
broker
Licensed real estate broker who chooses to work under the name and supervision of a
licensed real estate broker. Can maintain a separate real estate broker's license. Can
only receive commission payments from their sponsoring broker. - Answer-Associate
real estate broker
Works on behalf of a licensed real estate broker to perform any of the duties associated
with real estate transactions. Can only receive commission payments from sponsoring
broker. - Answer-Real estate salesperson
Exemptions from needing a license: - Answer-An owner selling/landlord renting own
property.
An attorney performing duties as an attorney/admitted to the bar in New York.
A receiver or trustee in bankruptcy.
In order to become a licensed salesperson in New York, a candidate must:
Be at least __ years old and permanent US residency.
Successfully complete the __-hour pre-license course approved by the New York
Department of State and pass the New York state licensing exam.
Obtain a _____ before obtaining the license. - Answer-18, 75, sponsoring broker
To become a licensed broker, a candidate must:
Be at least __ years old and permanent US residency.
, Successfully complete the ___-hour course of study approved by the New York
Department of State and pass the New York state broker exam.
Submit proof of one of these requirements: ___ full years of experience as a licensed
salesperson and _____ points.____ years of equivalent experience in some other
aspect of real estate and ____ points, subject to approval by the Department of State. -
Answer-20, 120, Two, 3500, Three, 5250
To become a licensed associate broker, a candidate must meet all of the same
qualifications as for a ______ and submit the name of a sponsoring broker. - Answer-
broker's license
Education Required for Obtaining a License
Salespersons - __ hours of approved course instruction.
Brokers - __ hours of approved course instruction - the 75-hour salesperson's course
plus an additional __-hour broker course. - Answer-75, 120, 45
License Exams
The examinee must correctly answer at least __ percent of the questions to pass the
exam.
Passed exam results are only valid for a period of ___ years.
Exam results are reported as either passed or failed;numerical scores are not given. -
Answer-70, two
License Procedure - Answer-Complete the license application.
Provide proof of having successfully completed the applicable coursework/ licensing
exam.
Pay the appropriate fee.
License Classes for Brokers: a broker who will be conducting business using his or her
personal name only. - Answer-Individual Broker
License Classes for Brokers: conducts business as a sole proprietorship, doing
business under a name other than the personal name. - Answer-Trade Name Broker
License Classes for Brokers: Applicants must be an officer prior to licensing. A copy of
the corporate filing receipt must be submitted with the application for new corporations
only. - Answer-Corporate Broker:
License Classes for Brokers: must be a member or manager prior to licensing. A copy
of the articles of organization filed with the Division of Corporations must be submitted
with this application for new limited liability companies only. - Answer-Limited Liability
Company (LLC) or Limited Liability Partnership (LLP):
Issuing a License for Individuals
EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
The _____ is the Chairperson. A Vice-Chairperson and Secretary are elected from
among the other members of the Board. If a member fails to attend ____ consecutive
meetings, the member shall forfeit seat on the Board (may be excused due to illness or
death in the family). - Answer-Secretary of State, three
The ____ has the duty to administer all licensing, examination, education, and
compliance provisions of Article 12-A; the rules of the Board; and the rules of the
Secretary of State. - Answer-Secretary of State
Except for things delegated specifically to the ____, the ___ has general authority to
promulgate rules and regulations affecting real estate brokers and salespersons in order
to administer Article 12-A of the Real Property Law. - Answer-Secretary of State, Board
Has a responsibility to be fair and competent when dealing with the public. Is
responsible for managing and supervising all affiliated licensees. - Answer-real estate
broker
Licensed real estate broker who chooses to work under the name and supervision of a
licensed real estate broker. Can maintain a separate real estate broker's license. Can
only receive commission payments from their sponsoring broker. - Answer-Associate
real estate broker
Works on behalf of a licensed real estate broker to perform any of the duties associated
with real estate transactions. Can only receive commission payments from sponsoring
broker. - Answer-Real estate salesperson
Exemptions from needing a license: - Answer-An owner selling/landlord renting own
property.
An attorney performing duties as an attorney/admitted to the bar in New York.
A receiver or trustee in bankruptcy.
In order to become a licensed salesperson in New York, a candidate must:
Be at least __ years old and permanent US residency.
Successfully complete the __-hour pre-license course approved by the New York
Department of State and pass the New York state licensing exam.
Obtain a _____ before obtaining the license. - Answer-18, 75, sponsoring broker
To become a licensed broker, a candidate must:
Be at least __ years old and permanent US residency.
, Successfully complete the ___-hour course of study approved by the New York
Department of State and pass the New York state broker exam.
Submit proof of one of these requirements: ___ full years of experience as a licensed
salesperson and _____ points.____ years of equivalent experience in some other
aspect of real estate and ____ points, subject to approval by the Department of State. -
Answer-20, 120, Two, 3500, Three, 5250
To become a licensed associate broker, a candidate must meet all of the same
qualifications as for a ______ and submit the name of a sponsoring broker. - Answer-
broker's license
Education Required for Obtaining a License
Salespersons - __ hours of approved course instruction.
Brokers - __ hours of approved course instruction - the 75-hour salesperson's course
plus an additional __-hour broker course. - Answer-75, 120, 45
License Exams
The examinee must correctly answer at least __ percent of the questions to pass the
exam.
Passed exam results are only valid for a period of ___ years.
Exam results are reported as either passed or failed;numerical scores are not given. -
Answer-70, two
License Procedure - Answer-Complete the license application.
Provide proof of having successfully completed the applicable coursework/ licensing
exam.
Pay the appropriate fee.
License Classes for Brokers: a broker who will be conducting business using his or her
personal name only. - Answer-Individual Broker
License Classes for Brokers: conducts business as a sole proprietorship, doing
business under a name other than the personal name. - Answer-Trade Name Broker
License Classes for Brokers: Applicants must be an officer prior to licensing. A copy of
the corporate filing receipt must be submitted with the application for new corporations
only. - Answer-Corporate Broker:
License Classes for Brokers: must be a member or manager prior to licensing. A copy
of the articles of organization filed with the Division of Corporations must be submitted
with this application for new limited liability companies only. - Answer-Limited Liability
Company (LLC) or Limited Liability Partnership (LLP):
Issuing a License for Individuals
