NY REAL ESTATE SALESPERSON EXAM – FULL
MOCK TEST (75 COMPREHENSIVE
QUESTIONS) & CORRECT (ANSWER KEY AT
THE BOTTOM PAGES) FOR YR. 2026/2027
1. The main purpose of New York real estate license law is to:
A. Set commission rates
B. Protect the public
C. Regulate mortgage lenders
D. Establish zoning ordinances
2. Which of the following is real property?
A. Garden furniture
B. Built-in dishwasher
C. Potted plants
D. Removable curtains
3. Which lien takes priority over all others?
A. Judgment lien
B. Mortgage lien
C. Property tax lien
D. Mechanic’s lien
1
, 4. An unlicensed assistant may legally:
A. Show property to buyers
B. Negotiate contracts
C. Distribute advertising prepared by a broker
D. Provide market analysis
5. The right of the government to take private property for public use is
called:
A. Escheat
B. Eminent domain
C. Police power
D. Condemnation
6. A mortgage that allows the borrower to borrow additional money up to a limit is a:
A. Blanket mortgage
B. Open-end mortgage
C. Package mortgage
D. Balloon mortgage
7. If a salesperson changes sponsoring brokers, they must:
A. Notify DOS immediately and transfer license
B. Retake the qualifying exam
C. Continue to work for both brokers
D. Pay a fine
8. A property manager’s primary duty is to:
A. Maximize the owner’s return on investment
B. Appraise property for tax purposes
C. Set mortgage rates
D. Sell vacant units
2
, 9. Which of the following creates an agency relationship?
A. Payment of commission
B. Written or oral agreement
C. Possession of keys
D. Signing of a deed
10. A valid contract requires all of the following EXCEPT:
A. Competent parties
B. Consideration
C. Lawful objective
D. Earnest money deposit
11. A deed restriction is best described as:
A. A government regulation
B. A private limitation on land use
C. A tax lien
D. A zoning variance
12. Which type of lease has a fixed rent and landlord pays most expenses?
A. Net lease
B. Gross lease
C. Percentage lease
D. Index lease
13. A property that borders a river is subject to:
A. Littoral rights
B. Riparian rights
C. Mineral rights
D. Air rights
14. An example of involuntary alienation is:
3
MOCK TEST (75 COMPREHENSIVE
QUESTIONS) & CORRECT (ANSWER KEY AT
THE BOTTOM PAGES) FOR YR. 2026/2027
1. The main purpose of New York real estate license law is to:
A. Set commission rates
B. Protect the public
C. Regulate mortgage lenders
D. Establish zoning ordinances
2. Which of the following is real property?
A. Garden furniture
B. Built-in dishwasher
C. Potted plants
D. Removable curtains
3. Which lien takes priority over all others?
A. Judgment lien
B. Mortgage lien
C. Property tax lien
D. Mechanic’s lien
1
, 4. An unlicensed assistant may legally:
A. Show property to buyers
B. Negotiate contracts
C. Distribute advertising prepared by a broker
D. Provide market analysis
5. The right of the government to take private property for public use is
called:
A. Escheat
B. Eminent domain
C. Police power
D. Condemnation
6. A mortgage that allows the borrower to borrow additional money up to a limit is a:
A. Blanket mortgage
B. Open-end mortgage
C. Package mortgage
D. Balloon mortgage
7. If a salesperson changes sponsoring brokers, they must:
A. Notify DOS immediately and transfer license
B. Retake the qualifying exam
C. Continue to work for both brokers
D. Pay a fine
8. A property manager’s primary duty is to:
A. Maximize the owner’s return on investment
B. Appraise property for tax purposes
C. Set mortgage rates
D. Sell vacant units
2
, 9. Which of the following creates an agency relationship?
A. Payment of commission
B. Written or oral agreement
C. Possession of keys
D. Signing of a deed
10. A valid contract requires all of the following EXCEPT:
A. Competent parties
B. Consideration
C. Lawful objective
D. Earnest money deposit
11. A deed restriction is best described as:
A. A government regulation
B. A private limitation on land use
C. A tax lien
D. A zoning variance
12. Which type of lease has a fixed rent and landlord pays most expenses?
A. Net lease
B. Gross lease
C. Percentage lease
D. Index lease
13. A property that borders a river is subject to:
A. Littoral rights
B. Riparian rights
C. Mineral rights
D. Air rights
14. An example of involuntary alienation is:
3
