NYS Real Estate Practice Exam Questions
with Complete Solutions (Latest 2025)
What agency issues real estate licenses? - Correct Answers
✅The New York State Department of State (NYDOS), Divison
of Licensing Services
At what age can you become a real estate salesperson? -
Correct Answers ✅18
Do you need experience in the field to become a sales
person? - Correct Answers ✅No
What is the minimum age to become a real estate broker? -
Correct Answers ✅20
If your license is revoked, how long do you have to wait to re-
apply for it? - Correct Answers ✅One year
Do you need experience in the field to become a broker? -
Correct Answers ✅Yes, at least 2 years of experience and
3200 points
As a licensing salesperson, I can receive compensation from
my? - Correct Answers ✅Sponsoring Broker
As a real estate licensee you will more often than not be an
________, will receive a ____________ and will file a
,NYS Real Estate Practice Exam Questions
with Complete Solutions (Latest 2025)
_____________ - Correct Answers ✅Independent contractor,
1099, Schedule C
Attorneys admitted to the bar in NYS are _____ from the
licensure law, unless they take on sales people - Correct
Answers ✅Exempt
If you mix your clients money with the office operating funds,
it is called________ and you have violated which fiducary
duty? - Correct Answers ✅Commingling funds and
Accountability
For how long does a broker need to keep his/her records for? -
Correct Answers ✅Three years
If my license has expired, for how long can i continue to
practice real estate sales?In other words, what is the grace
period? - Correct Answers ✅No Grace Period
Your real estate license with the pocket card will be sent to
your sponsoring broker. who holds the license? Who holds the
pocket card? - Correct Answers ✅Broker holds the license
and I hold the pocket card
How many hours of continuing ed must a sales person take? -
Correct Answers ✅22.5 hours
, NYS Real Estate Practice Exam Questions
with Complete Solutions (Latest 2025)
As a real estate sales person, you have to take continuing ed
classes every? - Correct Answers ✅2 years
There is also a component of _________ required every two
years. - Correct Answers ✅Fair housing
Are Real Estate brokers also required to take the CE classes? -
Correct Answers ✅Yes
If a seller decides not to provide the purchaser with the
Property Condition Disclosure Form, how much of a reduction
in price does he have to give? - Correct Answers ✅$500
If you are a independent contractor what can a broker
provide to you? - Correct Answers ✅Telephone
As an independent contractor are you paid for the hours you
put into a deal, or for "production'? - Correct Answers ✅no
What is the term of a real estate licensure? - Correct
Answers ✅two years
with Complete Solutions (Latest 2025)
What agency issues real estate licenses? - Correct Answers
✅The New York State Department of State (NYDOS), Divison
of Licensing Services
At what age can you become a real estate salesperson? -
Correct Answers ✅18
Do you need experience in the field to become a sales
person? - Correct Answers ✅No
What is the minimum age to become a real estate broker? -
Correct Answers ✅20
If your license is revoked, how long do you have to wait to re-
apply for it? - Correct Answers ✅One year
Do you need experience in the field to become a broker? -
Correct Answers ✅Yes, at least 2 years of experience and
3200 points
As a licensing salesperson, I can receive compensation from
my? - Correct Answers ✅Sponsoring Broker
As a real estate licensee you will more often than not be an
________, will receive a ____________ and will file a
,NYS Real Estate Practice Exam Questions
with Complete Solutions (Latest 2025)
_____________ - Correct Answers ✅Independent contractor,
1099, Schedule C
Attorneys admitted to the bar in NYS are _____ from the
licensure law, unless they take on sales people - Correct
Answers ✅Exempt
If you mix your clients money with the office operating funds,
it is called________ and you have violated which fiducary
duty? - Correct Answers ✅Commingling funds and
Accountability
For how long does a broker need to keep his/her records for? -
Correct Answers ✅Three years
If my license has expired, for how long can i continue to
practice real estate sales?In other words, what is the grace
period? - Correct Answers ✅No Grace Period
Your real estate license with the pocket card will be sent to
your sponsoring broker. who holds the license? Who holds the
pocket card? - Correct Answers ✅Broker holds the license
and I hold the pocket card
How many hours of continuing ed must a sales person take? -
Correct Answers ✅22.5 hours
, NYS Real Estate Practice Exam Questions
with Complete Solutions (Latest 2025)
As a real estate sales person, you have to take continuing ed
classes every? - Correct Answers ✅2 years
There is also a component of _________ required every two
years. - Correct Answers ✅Fair housing
Are Real Estate brokers also required to take the CE classes? -
Correct Answers ✅Yes
If a seller decides not to provide the purchaser with the
Property Condition Disclosure Form, how much of a reduction
in price does he have to give? - Correct Answers ✅$500
If you are a independent contractor what can a broker
provide to you? - Correct Answers ✅Telephone
As an independent contractor are you paid for the hours you
put into a deal, or for "production'? - Correct Answers ✅no
What is the term of a real estate licensure? - Correct
Answers ✅two years
