Pg. 1
NEW YORK STATE REALTOR LICENSING
EXAM 2025-2026. 100 QUESTIONS & CORRECT
VERIFIED ANSWERS. GRADED A+
special agent - CORRECT ANSWER - A real estate broker is a
general agent - CORRECT ANSWER - One authorized to transact all of the
principal's affairs within the context of a broad commercial or other kind of
endeavor. Property manager.
general involuntary Lean - CORRECT ANSWER - Judgement lien
Easement in Gross - CORRECT ANSWER - No dominant estate b/c there is only
one parcel of land and it is the property burdened by the easement (usually a utility
service)
agency - CORRECT ANSWER - A relationship in which one party (the principal)
authorizes another party (the agent) to act as the principal's representative in
dealing with third parties.
Vicarious Liabilty - CORRECT ANSWER - acts or omissions of employee are
assigned to employer so that employer can be found liable for them aka respondeat
superior
escheat - CORRECT ANSWER - 1. Government power to obtain title to private
property where an individual dies without a will (intestate) and without any known
heirs, or where property is abandoned.
, Pg. 2
grantee - CORRECT ANSWER - the one to whom a deed is given
grantor - CORRECT ANSWER - A party who transfers a right, interest, or title to
real property to another.
dual agency - CORRECT ANSWER - Representing both parties to a transaction.
This is unethical unless both parties agree to it, and it is illegal in many states
dual licensure - CORRECT ANSWER - When real estate licensees hold more than
one license at a time.
irrevocable consent form - CORRECT ANSWER - Applicants in NY must sign if
out of state to subject them to NY state courts.
express agency - CORRECT ANSWER - A relationship formed by oral or written
expression; opposite of implied agency. This is an actual agency created by the
written or spoken words of the principal authorizing the agent to act on behalf of
the principal. Authority is directly granted to or conferred upon the agent or
employee in express terms, and is directly granted to or conferred upon the agent
or employee in express terms, and it extends only to such powers as the principal
gives the agent in direct terms, with the express provisions controlling.
implied agency - CORRECT ANSWER - An agency relationship created by the
act or conduct of the parties involved. Opposed to express agency.
seller's Agent - CORRECT ANSWER - The agent who finds a buyer in a real
estate transaction
buyer's Agent - CORRECT ANSWER - broker and its subagents represent buyer
NEW YORK STATE REALTOR LICENSING
EXAM 2025-2026. 100 QUESTIONS & CORRECT
VERIFIED ANSWERS. GRADED A+
special agent - CORRECT ANSWER - A real estate broker is a
general agent - CORRECT ANSWER - One authorized to transact all of the
principal's affairs within the context of a broad commercial or other kind of
endeavor. Property manager.
general involuntary Lean - CORRECT ANSWER - Judgement lien
Easement in Gross - CORRECT ANSWER - No dominant estate b/c there is only
one parcel of land and it is the property burdened by the easement (usually a utility
service)
agency - CORRECT ANSWER - A relationship in which one party (the principal)
authorizes another party (the agent) to act as the principal's representative in
dealing with third parties.
Vicarious Liabilty - CORRECT ANSWER - acts or omissions of employee are
assigned to employer so that employer can be found liable for them aka respondeat
superior
escheat - CORRECT ANSWER - 1. Government power to obtain title to private
property where an individual dies without a will (intestate) and without any known
heirs, or where property is abandoned.
, Pg. 2
grantee - CORRECT ANSWER - the one to whom a deed is given
grantor - CORRECT ANSWER - A party who transfers a right, interest, or title to
real property to another.
dual agency - CORRECT ANSWER - Representing both parties to a transaction.
This is unethical unless both parties agree to it, and it is illegal in many states
dual licensure - CORRECT ANSWER - When real estate licensees hold more than
one license at a time.
irrevocable consent form - CORRECT ANSWER - Applicants in NY must sign if
out of state to subject them to NY state courts.
express agency - CORRECT ANSWER - A relationship formed by oral or written
expression; opposite of implied agency. This is an actual agency created by the
written or spoken words of the principal authorizing the agent to act on behalf of
the principal. Authority is directly granted to or conferred upon the agent or
employee in express terms, and is directly granted to or conferred upon the agent
or employee in express terms, and it extends only to such powers as the principal
gives the agent in direct terms, with the express provisions controlling.
implied agency - CORRECT ANSWER - An agency relationship created by the
act or conduct of the parties involved. Opposed to express agency.
seller's Agent - CORRECT ANSWER - The agent who finds a buyer in a real
estate transaction
buyer's Agent - CORRECT ANSWER - broker and its subagents represent buyer
