NY REAL ESTATE SALESPERSON
CERTIFICATION EVALUATION EXAMS 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ AT WHAT AGE CAN YOU BECOME A REAL ESTATE
SALESPERSON? Answer: 18
◉ DO YOU NEED EXPERIENCE IN THE FIELD TO BECOME A
SALESPERSON? Answer: NO
◉ WHAT IS THE MINIMUM AGE TO BECOME A REAL ESATE
BROKER? Answer: 20
◉ DO YOU NEED EXPERIENCE IN THE FIELD TO BECOME A
BROKER? Answer: YES; 3500 POINTS (35 HOURS IN 100 WEEKS)
◉ IF YOUR LICENSE IS REVOKED, HOW LONG DO YOU HAVE
TO WAIT TO RE-APPLY FOR IT? Answer: 1 YEAR
,◉ AS A LICENSED SALESPERSON, I CAN RECEIVE
COMPENSATION FROM? Answer: SPONSORING BROKER
◉ AS A REAL ESTATE LICENSEE, YOU WILL MORE OFTEN
THAN NOT BE AN.. Answer: INDEPENDENT CONTRACTOR
◉ YOU WILL RECEIVE A ________ FROM YOUR BROKER, AND
WILL FILE A _____ ON YOUR TAX RETURN TO DETAIL YOUR
EARNINGS VS. YOUR EXPENSES. Answer: 1099; C
◉ ATTORNEYS ADMITTED TO THE BAR IN NYS ARE ________
FROM THE LICENSURE LAW, UNLESS THEY TAKE ON
SALESPEOPLE. Answer: EXEMPT
◉ IF YOU COMBINE CLIENTS FUNDS WITH PERSONAL FUNDS,
IT'S CALLED ______________, AND YOU HAVE VIOLATED
WHICH OF THE FIDUCIARY OBLIGATIONS? Answer:
COMMINGLING; ACCOUNTABILITY
◉ WHAT IS THE VERY FIRST DOCUMENT YOU SHOULD FILL
OUT WITH A NEW CLIENT OR CUSTOMER? Answer: AGENCY
DISCLOSURE FORM
, ◉ AT WHAT MOMENT SHOULD YOU TAKE OUT THE AGENCY
DISCLOSURE FORM? Answer: FIRST SUBSTANTIVE CONTACT
◉ REGARDING THE QUESTIONS ABOVE, WHAT DOES IT
MEAN? Answer: IT MEANS THE CUSTOMER/CLIENT HAS
ASKED ABOUT THE PROPERTY
◉ WHAT WOULD YOU CALL A SITUATION WHERE I
REPRESENT THE SELLER AS MY CILENT, BUT THEN WORK IN
THE BEST INTERESTS OF THE BUYER (MY CUSTOMER)?
Answer: UNDISCLOSED DUAL AGENCY
◉ WHAT IS THE DEPARTMENT OF STATE CONCERNED
ABOUT WHEN A REAL ESTATE LICENSEE ALSO EMBARKS
UPON THE PRACTICE OF WRITING MORTGAGE
APPLICATIONS AS A MORTGAGE REP? Answer: DUAL AGENCY
◉ I HIRE YOU TO SELL MY HOUSE; YOU ARE MY BROKER
AND I AM YOUR _________ OR __________. Answer: CLIENT;
PRINCIPAL
◉ WHAT THE NAME OF THE DEED WHICH GIVES THE MOST
LEGAL PROMISES TO THE BUYER? Answer: FULL COVENANT
AND WARRANTY DEED
CERTIFICATION EVALUATION EXAMS 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ AT WHAT AGE CAN YOU BECOME A REAL ESTATE
SALESPERSON? Answer: 18
◉ DO YOU NEED EXPERIENCE IN THE FIELD TO BECOME A
SALESPERSON? Answer: NO
◉ WHAT IS THE MINIMUM AGE TO BECOME A REAL ESATE
BROKER? Answer: 20
◉ DO YOU NEED EXPERIENCE IN THE FIELD TO BECOME A
BROKER? Answer: YES; 3500 POINTS (35 HOURS IN 100 WEEKS)
◉ IF YOUR LICENSE IS REVOKED, HOW LONG DO YOU HAVE
TO WAIT TO RE-APPLY FOR IT? Answer: 1 YEAR
,◉ AS A LICENSED SALESPERSON, I CAN RECEIVE
COMPENSATION FROM? Answer: SPONSORING BROKER
◉ AS A REAL ESTATE LICENSEE, YOU WILL MORE OFTEN
THAN NOT BE AN.. Answer: INDEPENDENT CONTRACTOR
◉ YOU WILL RECEIVE A ________ FROM YOUR BROKER, AND
WILL FILE A _____ ON YOUR TAX RETURN TO DETAIL YOUR
EARNINGS VS. YOUR EXPENSES. Answer: 1099; C
◉ ATTORNEYS ADMITTED TO THE BAR IN NYS ARE ________
FROM THE LICENSURE LAW, UNLESS THEY TAKE ON
SALESPEOPLE. Answer: EXEMPT
◉ IF YOU COMBINE CLIENTS FUNDS WITH PERSONAL FUNDS,
IT'S CALLED ______________, AND YOU HAVE VIOLATED
WHICH OF THE FIDUCIARY OBLIGATIONS? Answer:
COMMINGLING; ACCOUNTABILITY
◉ WHAT IS THE VERY FIRST DOCUMENT YOU SHOULD FILL
OUT WITH A NEW CLIENT OR CUSTOMER? Answer: AGENCY
DISCLOSURE FORM
, ◉ AT WHAT MOMENT SHOULD YOU TAKE OUT THE AGENCY
DISCLOSURE FORM? Answer: FIRST SUBSTANTIVE CONTACT
◉ REGARDING THE QUESTIONS ABOVE, WHAT DOES IT
MEAN? Answer: IT MEANS THE CUSTOMER/CLIENT HAS
ASKED ABOUT THE PROPERTY
◉ WHAT WOULD YOU CALL A SITUATION WHERE I
REPRESENT THE SELLER AS MY CILENT, BUT THEN WORK IN
THE BEST INTERESTS OF THE BUYER (MY CUSTOMER)?
Answer: UNDISCLOSED DUAL AGENCY
◉ WHAT IS THE DEPARTMENT OF STATE CONCERNED
ABOUT WHEN A REAL ESTATE LICENSEE ALSO EMBARKS
UPON THE PRACTICE OF WRITING MORTGAGE
APPLICATIONS AS A MORTGAGE REP? Answer: DUAL AGENCY
◉ I HIRE YOU TO SELL MY HOUSE; YOU ARE MY BROKER
AND I AM YOUR _________ OR __________. Answer: CLIENT;
PRINCIPAL
◉ WHAT THE NAME OF THE DEED WHICH GIVES THE MOST
LEGAL PROMISES TO THE BUYER? Answer: FULL COVENANT
AND WARRANTY DEED
