COLIBRI REAL ESTATE TEST PAPER 2026
QUESTIONS AND ANSWERS 100% CORRECT
◉ How is an associate broker different from a broker? Answer: An
associate broker must meet the same qualifications as a licensed
broker; however, an associate broker chooses to work under the
name and supervision of a licensed real estate broker.
◉ How do licensees collect their commissions? Answer: A broker
can collect commissions from the clients. However, the licensees
working for the broker can only receive commission payments from
their sponsoring broker.
◉ How old must a person be who wishes to become licensed in New
York? Answer: Salespersons must be 18 years old; brokers must be
20 years old.
◉ How many hours of instruction are required to become licensed in
New York? Answer: Salespersons are required to complete 77 hours
of instruction; brokers must complete 152 hours.
◉ How are exam scores reported, and what percentage is needed to
pass the exam? Answer: ASAP after the exam as either pass or fail;
70%
,◉ Besides individual and associate broker, name 2 classes of broker
licenses available. Answer: Trade name broker, corporate broker,
partnership broker
◉ What are the experience requirements to become a broker?
Answer: Two full years of experience as a licensed salesperson and
3,500 points.
Three years of equivalent experience in some other aspect of real
estate and 5,250 points, subject to approval by the Department of
State.
◉ Which penalty is not imposed by the DOS on a real estate broker
for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand Answer: Imprisonment
◉ An___________ real estate broker is a licensed real estate broker
who chooses to work under the name and supervision of a licensed
real estate broker. Answer: Associate
◉ Associate brokers may receive commission payments from
,Seller
Buyer
Cooperating broker
Sponsoring broker Answer: Sponsoring broker
◉ Passed exam results are only valid for a period of ____ years.
Answer: 2
◉ For what are members of the Board compensated?
Their time
Their expertise
Contractual terms
Expense reimbursements Answer: Expense reimbursements
◉ How much is the fee charged by the DOS for an associate broker
license?
$50
$185
$15
No fee is charged Answer: $185
◉ How many points are given for hotel sales experience?
, 400
300
250
125 Answer: 400
◉ From whom can a salesperson receive compensation?
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm Answer: From
his or her sponsoring broker only
◉ How many points are given for 3 years of certain types of real
estate activities?
1,000
3,500
5,250
7,625 Answer: 5,250
◉ Which of the following is a requirement for becoming a licensed
real estate broker in NY?
Be at least 21 years old
QUESTIONS AND ANSWERS 100% CORRECT
◉ How is an associate broker different from a broker? Answer: An
associate broker must meet the same qualifications as a licensed
broker; however, an associate broker chooses to work under the
name and supervision of a licensed real estate broker.
◉ How do licensees collect their commissions? Answer: A broker
can collect commissions from the clients. However, the licensees
working for the broker can only receive commission payments from
their sponsoring broker.
◉ How old must a person be who wishes to become licensed in New
York? Answer: Salespersons must be 18 years old; brokers must be
20 years old.
◉ How many hours of instruction are required to become licensed in
New York? Answer: Salespersons are required to complete 77 hours
of instruction; brokers must complete 152 hours.
◉ How are exam scores reported, and what percentage is needed to
pass the exam? Answer: ASAP after the exam as either pass or fail;
70%
,◉ Besides individual and associate broker, name 2 classes of broker
licenses available. Answer: Trade name broker, corporate broker,
partnership broker
◉ What are the experience requirements to become a broker?
Answer: Two full years of experience as a licensed salesperson and
3,500 points.
Three years of equivalent experience in some other aspect of real
estate and 5,250 points, subject to approval by the Department of
State.
◉ Which penalty is not imposed by the DOS on a real estate broker
for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand Answer: Imprisonment
◉ An___________ real estate broker is a licensed real estate broker
who chooses to work under the name and supervision of a licensed
real estate broker. Answer: Associate
◉ Associate brokers may receive commission payments from
,Seller
Buyer
Cooperating broker
Sponsoring broker Answer: Sponsoring broker
◉ Passed exam results are only valid for a period of ____ years.
Answer: 2
◉ For what are members of the Board compensated?
Their time
Their expertise
Contractual terms
Expense reimbursements Answer: Expense reimbursements
◉ How much is the fee charged by the DOS for an associate broker
license?
$50
$185
$15
No fee is charged Answer: $185
◉ How many points are given for hotel sales experience?
, 400
300
250
125 Answer: 400
◉ From whom can a salesperson receive compensation?
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm Answer: From
his or her sponsoring broker only
◉ How many points are given for 3 years of certain types of real
estate activities?
1,000
3,500
5,250
7,625 Answer: 5,250
◉ Which of the following is a requirement for becoming a licensed
real estate broker in NY?
Be at least 21 years old
