New York State Real Estate Salesperson Licensing Exam
with 100% Verified Answers
In NYS, how old must one be to enter into contracts? - -18
Page | 1
What other capability should they possess? - -Mental and emotional capability
What happens if one of the parties to the contract is a minor? - -The contract is
voidable by the minor
What does the zoning board of appeals do? - -Grants variances
What regulates construction standards in NYS? - -Building codes
What does municipal engineer's office do? - -Oversees planning and construction of
major highways, sweet systems and water connections
If a property ad states that the property is near the vicinity of a geographical area, what else
mud the ad include? - -It must include the name of the geographical area where the
property is actually located
Who is usually exempt from property taxes? - -Disabled, veterans, farmers, elderly
gold star parents *kids die in the war, star program homeowners
Who is not usually exempt from property taxes? - -Second home owners
What covers fully or personal property lost in a fire? - -Replacement cost
, Find the square footage of a rectangular shaped floor plan. How do you find the area of a
square/rectangle? - -Length x Width = Area
Page | 2
What is the cash on cash return on a $2,000,000 property with a down payment of
$500,000 and $15,000 monthly rental income? - -36%
Who hires the agent? - -Principal or client
What is not a CMA (Comparative Market Analysis?) - -An apprasial
What cannot a salesperson do? - -Collect money directly from the client or customer
When should the Agency disclosure form be submitted? - -At the first substantive
contact
Which document describes the agency (who he or she represents) of the salesperson? -
-Agency disclosure form
What is another name for the slope of a roof? - -Pitch
What carcinogenic component was used as insulation in electric transformers that
contaminated soil and ground water? - -PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are independent contractors? - -
Office phone
with 100% Verified Answers
In NYS, how old must one be to enter into contracts? - -18
Page | 1
What other capability should they possess? - -Mental and emotional capability
What happens if one of the parties to the contract is a minor? - -The contract is
voidable by the minor
What does the zoning board of appeals do? - -Grants variances
What regulates construction standards in NYS? - -Building codes
What does municipal engineer's office do? - -Oversees planning and construction of
major highways, sweet systems and water connections
If a property ad states that the property is near the vicinity of a geographical area, what else
mud the ad include? - -It must include the name of the geographical area where the
property is actually located
Who is usually exempt from property taxes? - -Disabled, veterans, farmers, elderly
gold star parents *kids die in the war, star program homeowners
Who is not usually exempt from property taxes? - -Second home owners
What covers fully or personal property lost in a fire? - -Replacement cost
, Find the square footage of a rectangular shaped floor plan. How do you find the area of a
square/rectangle? - -Length x Width = Area
Page | 2
What is the cash on cash return on a $2,000,000 property with a down payment of
$500,000 and $15,000 monthly rental income? - -36%
Who hires the agent? - -Principal or client
What is not a CMA (Comparative Market Analysis?) - -An apprasial
What cannot a salesperson do? - -Collect money directly from the client or customer
When should the Agency disclosure form be submitted? - -At the first substantive
contact
Which document describes the agency (who he or she represents) of the salesperson? -
-Agency disclosure form
What is another name for the slope of a roof? - -Pitch
What carcinogenic component was used as insulation in electric transformers that
contaminated soil and ground water? - -PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are independent contractors? - -
Office phone
