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Chapter 4 New York real estate sales exam with correct answers

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Chapter 4 New York real estate sales exam with correct answers

Institution
NY Real Estate State
Course
NY Real Estate State








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Written for

Institution
NY Real Estate State
Course
NY Real Estate State

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Uploaded on
August 29, 2025
Number of pages
2
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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Chapter 4 New York real estate sales |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




exam with correct answers |||\\\ |||\\\ |||\\\




An independent contractor - correct answersIs not subject to withholding requirements
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




An important part of the relationship between a broker and sales person is that the sales
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




person - correct answersIs paid commission based on sales results
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




With respect to all independent contractors, one key determinant of the relationship is -
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




correct answersFinancial control |||\\\ |||\\\ |||\\\




According to section 3508 of the internal revenue service code, sales persons are classified as -
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




correct answersStatutory non-employees |||\\\ |||\\\ |||\\\




Which is not a control granted by New York lottery brokers over agents - correct
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




answersScheduling



If a broker is engaged and soliciting and Granting mortgage loans, she must keep the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




information regarding the loans for a period of - correct answers3 years |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




A(n) ..............Is a person whose results are mandated by the employer and his employer
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




controls how the results are accomplished - correct answersEmployee |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




A real estate sales person's, which is not a characteristic that indicates they are independent
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




contractors - correct answersThe sales person must be paid for hours spent in the brokers |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




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