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NY REAL ESTATE Actual Exam Test Bank Newest
2025/2026 Complete 100 Questions And Correct
Detailed Answers (Verified Answers) |Already Graded
A+||Newest Version!!!
What agency issues real estate licenses? - Answer-The
New York State Department of State (NYDOS), Divison of
Licensing Services
At what age can you become a real estate salesperson? -
Answer-18
Do you need experience in the field to become a sales
person? - Answer-No
What is the minimum age to become a real estate broker?
- Answer-20
If your license is revoked, how long do you have to wait to
re-apply for it? - Answer-One year
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Do you need experience in the field to become a broker? -
Answer-Yes, at least 2 years of experience and 3200
points
As a licensing salesperson, I can receive compensation
from my? - Answer-Sponsoring Broker
As a real estate licensee you will more often than not be
an ________, will receive a ____________ and will file a
_____________ - Answer-Independent contractor, 1099,
Schedule C
Attorneys admitted to the bar in NYS are _____ from the
licensure law, unless they take on sales people - Answer-
Exempt
If you mix your clients money with the office operating
funds, it is called________ and you have violated which
fiducary duty? - Answer-Commingling funds and
Accountability
For how long does a broker need to keep his/her records
for? - Answer-Three years
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If my license has expired, for how long can i continue to
practice real estate sales?In other words, what is the
grace period? - Answer-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? - Answer-Broker holds the license and I
hold the pocket card
How many hours of continuing ed must a sales person
take? - Answer-22.5 hours
As a real estate sales person, you have to take continuing
ed classes every? - Answer-2 years
There is also a component of _________ required every
two years. - Answer-Fair housing
Are Real Estate brokers also required to take the CE
classes? - Answer-Yes
NY REAL ESTATE Actual Exam Test Bank Newest
2025/2026 Complete 100 Questions And Correct
Detailed Answers (Verified Answers) |Already Graded
A+||Newest Version!!!
What agency issues real estate licenses? - Answer-The
New York State Department of State (NYDOS), Divison of
Licensing Services
At what age can you become a real estate salesperson? -
Answer-18
Do you need experience in the field to become a sales
person? - Answer-No
What is the minimum age to become a real estate broker?
- Answer-20
If your license is revoked, how long do you have to wait to
re-apply for it? - Answer-One year
,2|Page
Do you need experience in the field to become a broker? -
Answer-Yes, at least 2 years of experience and 3200
points
As a licensing salesperson, I can receive compensation
from my? - Answer-Sponsoring Broker
As a real estate licensee you will more often than not be
an ________, will receive a ____________ and will file a
_____________ - Answer-Independent contractor, 1099,
Schedule C
Attorneys admitted to the bar in NYS are _____ from the
licensure law, unless they take on sales people - Answer-
Exempt
If you mix your clients money with the office operating
funds, it is called________ and you have violated which
fiducary duty? - Answer-Commingling funds and
Accountability
For how long does a broker need to keep his/her records
for? - Answer-Three years
, 3|Page
If my license has expired, for how long can i continue to
practice real estate sales?In other words, what is the
grace period? - Answer-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? - Answer-Broker holds the license and I
hold the pocket card
How many hours of continuing ed must a sales person
take? - Answer-22.5 hours
As a real estate sales person, you have to take continuing
ed classes every? - Answer-2 years
There is also a component of _________ required every
two years. - Answer-Fair housing
Are Real Estate brokers also required to take the CE
classes? - Answer-Yes
