NEW YORK STATE REAL ESTATE ACTUAL EXAM CORE QUESTIONS
WITH SOLUTIONS A+ 2025/2026
✔✔There must be an offer and acceptance - ✔✔What is a requirement for a real estate
contract to be valid ?
✔✔Purchaser - ✔✔Which party to a real estate contract of sale usually signs it first ?
✔✔TILA-RESPA integrated DIsclosure rule (trid) - ✔✔The requirement to provide a loan
estimate form for all closing costs to the borrower for most residential mortgage loans is
the ?
✔✔Federal regulations Z - ✔✔What regulates real estate advertisements that include
financing terms ?
✔✔Shared equity mortgages - ✔✔A purchaser receives financial help towards a down
payment and interest rate, in return promises to share the profit when the property is
later sold. This agreement is known as a ?
✔✔Fuller amortized - ✔✔Mortgages that are paid in equal monthly installments in order
to pay the principal in full during the term of the loan are known as which type of loan ?
✔✔Morgagee - ✔✔The person or entity who lends the money in a mortgage transaction
loan ?
✔✔Condemnation - ✔✔What is the process by which the government may take private
property for the public use ?
✔✔Building codes - ✔✔Which document regulates construction standards ?
✔✔Occupancy - ✔✔A document which is issued by a government authority,indicating
that a structure complies with building,safety and health codes and maybe utilized, is
know as a certificate of ?
✔✔Sheathing - ✔✔What type of building material is attached directly to the exterior of
the side of the vertical wood framing members of outside walls ?
✔✔R-value - ✔✔What measures insulation's resistance to the transfer of heat ?
✔✔To conduct mandated lead-based testing - ✔✔Which is not a seller's obligation to
purchasers under the federal lead-based paint hazards disclosure regulations?
✔✔Asbestos - ✔✔Which material was previously used in an insulation, ceiling tiles and
other home building products that when disturbed releases cancer causing fibers ?
,✔✔CFC - ✔✔A manufactured, chemical substance that has been commonly used in
refrigerator and air conditioners and which threatens the ozone layer of the earth's
atmosphere is know as ?
✔✔Estimates value - ✔✔Which best describes what a real estate appraiser does when
rendering an opinion as to the values of real property ?
✔✔Obsolesce - ✔✔When a property loses value due to outdated style, the value loss is
said to be the result of ?
✔✔Comparative market (CMA) - ✔✔What is the name of a study of recently sold
properties, currently competing listings,recently expired listings, buyer appeal, market
position,assets and drawbacks,area market conditions, recommend terms, and market
value range ?
✔✔Federal fair housing amendments Act of 1988 - ✔✔Under what law did familial
status become a protected class ?
✔✔Blockbusting (panic selling) - ✔✔What is the term for the solicitation of the sale or
lease of property due to a change in the ethnic structure of a neighborhood?
✔✔Liability - ✔✔What type of insurance coverage protects against claims alleging
negligence resulting in bodily injury and/or property damage?
✔✔HO-6 - ✔✔What type of home insurance policy covers condominium unit owners?
✔✔Lien - ✔✔A real property tax is what type of encumbrance on a property?
✔✔Second home (vacation) owners - ✔✔Which group is not eligible for a reduction or
exemption in real property tax ?
✔✔$108000. ( market value X LOA = assessed value - ✔✔If a property's market value
is $180000 and the community's level of assessment (LOA) is 60 percent,what is the
property's assessed value ?
✔✔Homeowners renting rooms in their own homes - ✔✔What situation would be
exempt from most fair housing laws ?
✔✔Redlining - ✔✔What is the illegal practice of refusing to grant mortgage loans or
issue insurance policies based solely on the demographic makeup of a property's
location ?
✔✔Width X length (for square and rectangular properties) - ✔✔What is the formula for
calculating square feet for real estate situations ?
, ✔✔Creating a community's comprehensive plan - ✔✔What is a function of a planning
board ?
✔✔Department of health - ✔✔What agency would provide guidelines for the design of a
waste water treatment system for a residential subdivision ?
✔✔Buyer signing a binding contract of sale - ✔✔A complete and signed copy of the
property condition disclosure statement should be delivered by the seller to the buyer
prior to the ?
✔✔1 year - ✔✔According to New York State real property law, when a real estate
salesperson's license is revoked by the department of state,the salesperson is ineligible
to be relicensed until after the expiration of what period of time ?
✔✔$500 - ✔✔If a sealer fails to deliver a property condition disclosure statement prior to
the buyer signing the contract of sale,the buyer shall receive a credit in what amount
upon transfer of tittle ?
✔✔Special - ✔✔A real estate salesperson is usually what type of agent ?
✔✔Exclusive right to sell - ✔✔Under what type of listing will a couple owe a commission
to their agent,even if they find a buyer on their on ?
✔✔The agent works hours set by the broker - ✔✔According the IRS code, a real estate
agent cannot qualify as an independent contractor because of the following ?
✔✔Self-employee - ✔✔A licensee as an independent contractor can file schedule C on
her federal income tax return because she is ?
✔✔Accountability - ✔✔What fiduciary duty is violated when a broker commingled the
money of a principal with their own money?
✔✔Broker and principal - ✔✔Commissions earned on the sale of real property are
determined by the ?
✔✔Agency disclosure form - ✔✔In the sale of 1-4 unit residential property,dual agency
with designated sales agents is disclosed on which document ?
✔✔She is protecting her ultimate responsibility for her licensees actions - ✔✔Broker
candy can pay the errors and omissions insurance for her licensees who have
independent contractor statues because?
✔✔A display counter - ✔✔What is the best example of a trade fixture in a retail store ?
WITH SOLUTIONS A+ 2025/2026
✔✔There must be an offer and acceptance - ✔✔What is a requirement for a real estate
contract to be valid ?
✔✔Purchaser - ✔✔Which party to a real estate contract of sale usually signs it first ?
✔✔TILA-RESPA integrated DIsclosure rule (trid) - ✔✔The requirement to provide a loan
estimate form for all closing costs to the borrower for most residential mortgage loans is
the ?
✔✔Federal regulations Z - ✔✔What regulates real estate advertisements that include
financing terms ?
✔✔Shared equity mortgages - ✔✔A purchaser receives financial help towards a down
payment and interest rate, in return promises to share the profit when the property is
later sold. This agreement is known as a ?
✔✔Fuller amortized - ✔✔Mortgages that are paid in equal monthly installments in order
to pay the principal in full during the term of the loan are known as which type of loan ?
✔✔Morgagee - ✔✔The person or entity who lends the money in a mortgage transaction
loan ?
✔✔Condemnation - ✔✔What is the process by which the government may take private
property for the public use ?
✔✔Building codes - ✔✔Which document regulates construction standards ?
✔✔Occupancy - ✔✔A document which is issued by a government authority,indicating
that a structure complies with building,safety and health codes and maybe utilized, is
know as a certificate of ?
✔✔Sheathing - ✔✔What type of building material is attached directly to the exterior of
the side of the vertical wood framing members of outside walls ?
✔✔R-value - ✔✔What measures insulation's resistance to the transfer of heat ?
✔✔To conduct mandated lead-based testing - ✔✔Which is not a seller's obligation to
purchasers under the federal lead-based paint hazards disclosure regulations?
✔✔Asbestos - ✔✔Which material was previously used in an insulation, ceiling tiles and
other home building products that when disturbed releases cancer causing fibers ?
,✔✔CFC - ✔✔A manufactured, chemical substance that has been commonly used in
refrigerator and air conditioners and which threatens the ozone layer of the earth's
atmosphere is know as ?
✔✔Estimates value - ✔✔Which best describes what a real estate appraiser does when
rendering an opinion as to the values of real property ?
✔✔Obsolesce - ✔✔When a property loses value due to outdated style, the value loss is
said to be the result of ?
✔✔Comparative market (CMA) - ✔✔What is the name of a study of recently sold
properties, currently competing listings,recently expired listings, buyer appeal, market
position,assets and drawbacks,area market conditions, recommend terms, and market
value range ?
✔✔Federal fair housing amendments Act of 1988 - ✔✔Under what law did familial
status become a protected class ?
✔✔Blockbusting (panic selling) - ✔✔What is the term for the solicitation of the sale or
lease of property due to a change in the ethnic structure of a neighborhood?
✔✔Liability - ✔✔What type of insurance coverage protects against claims alleging
negligence resulting in bodily injury and/or property damage?
✔✔HO-6 - ✔✔What type of home insurance policy covers condominium unit owners?
✔✔Lien - ✔✔A real property tax is what type of encumbrance on a property?
✔✔Second home (vacation) owners - ✔✔Which group is not eligible for a reduction or
exemption in real property tax ?
✔✔$108000. ( market value X LOA = assessed value - ✔✔If a property's market value
is $180000 and the community's level of assessment (LOA) is 60 percent,what is the
property's assessed value ?
✔✔Homeowners renting rooms in their own homes - ✔✔What situation would be
exempt from most fair housing laws ?
✔✔Redlining - ✔✔What is the illegal practice of refusing to grant mortgage loans or
issue insurance policies based solely on the demographic makeup of a property's
location ?
✔✔Width X length (for square and rectangular properties) - ✔✔What is the formula for
calculating square feet for real estate situations ?
, ✔✔Creating a community's comprehensive plan - ✔✔What is a function of a planning
board ?
✔✔Department of health - ✔✔What agency would provide guidelines for the design of a
waste water treatment system for a residential subdivision ?
✔✔Buyer signing a binding contract of sale - ✔✔A complete and signed copy of the
property condition disclosure statement should be delivered by the seller to the buyer
prior to the ?
✔✔1 year - ✔✔According to New York State real property law, when a real estate
salesperson's license is revoked by the department of state,the salesperson is ineligible
to be relicensed until after the expiration of what period of time ?
✔✔$500 - ✔✔If a sealer fails to deliver a property condition disclosure statement prior to
the buyer signing the contract of sale,the buyer shall receive a credit in what amount
upon transfer of tittle ?
✔✔Special - ✔✔A real estate salesperson is usually what type of agent ?
✔✔Exclusive right to sell - ✔✔Under what type of listing will a couple owe a commission
to their agent,even if they find a buyer on their on ?
✔✔The agent works hours set by the broker - ✔✔According the IRS code, a real estate
agent cannot qualify as an independent contractor because of the following ?
✔✔Self-employee - ✔✔A licensee as an independent contractor can file schedule C on
her federal income tax return because she is ?
✔✔Accountability - ✔✔What fiduciary duty is violated when a broker commingled the
money of a principal with their own money?
✔✔Broker and principal - ✔✔Commissions earned on the sale of real property are
determined by the ?
✔✔Agency disclosure form - ✔✔In the sale of 1-4 unit residential property,dual agency
with designated sales agents is disclosed on which document ?
✔✔She is protecting her ultimate responsibility for her licensees actions - ✔✔Broker
candy can pay the errors and omissions insurance for her licensees who have
independent contractor statues because?
✔✔A display counter - ✔✔What is the best example of a trade fixture in a retail store ?
