New York State Real Estate
Salesperson Licensing Exam
Questions and Answers 100% PASS
In NYS, how old must one be to enter into contracts? - CORRECT ANSWER-18
What other capability should they possess? - CORRECT ANSWER-Mental and
emotional capability
What happens if one of the parties to the contract is a minor? - CORRECT
ANSWER-The contract is voidable by the minor
What does the zoning board of appeals do? - CORRECT ANSWER-Grants
variances
What regulates construction standards in NYS? - CORRECT ANSWER-Building
codes
What does municipal engineer's office do? - CORRECT ANSWER-Oversees
planning and construction of major highways, sweet systems and water
connections
, If a property ad states that the property is near the vicinity of a geographical area,
what else mud the ad include? - CORRECT ANSWER-It must include the name
of the geographical area where the property is actually located
Who is usually exempt from property taxes? - CORRECT ANSWER-Disabled,
veterans, farmers, elderly gold star parents *kids die in the war, star program
homeowners
Who is not usually exempt from property taxes? - CORRECT ANSWER-Second
home owners
What covers fully or personal property lost in a fire? - CORRECT ANSWER-
Replacement cost
Find the square footage of a rectangular shaped floor plan. How do you find the
area of a square/rectangle? - CORRECT ANSWER-Length x Width = Area
What is the cash on cash return on a $2,000,000 property with a down payment of
$500,000 and $15,000 monthly rental income? - CORRECT ANSWER-36%
Who hires the agent? - CORRECT ANSWER-Principal or client
What is not a CMA (Comparative Market Analysis?) - CORRECT ANSWER-An
apprasial
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Salesperson Licensing Exam
Questions and Answers 100% PASS
In NYS, how old must one be to enter into contracts? - CORRECT ANSWER-18
What other capability should they possess? - CORRECT ANSWER-Mental and
emotional capability
What happens if one of the parties to the contract is a minor? - CORRECT
ANSWER-The contract is voidable by the minor
What does the zoning board of appeals do? - CORRECT ANSWER-Grants
variances
What regulates construction standards in NYS? - CORRECT ANSWER-Building
codes
What does municipal engineer's office do? - CORRECT ANSWER-Oversees
planning and construction of major highways, sweet systems and water
connections
, If a property ad states that the property is near the vicinity of a geographical area,
what else mud the ad include? - CORRECT ANSWER-It must include the name
of the geographical area where the property is actually located
Who is usually exempt from property taxes? - CORRECT ANSWER-Disabled,
veterans, farmers, elderly gold star parents *kids die in the war, star program
homeowners
Who is not usually exempt from property taxes? - CORRECT ANSWER-Second
home owners
What covers fully or personal property lost in a fire? - CORRECT ANSWER-
Replacement cost
Find the square footage of a rectangular shaped floor plan. How do you find the
area of a square/rectangle? - CORRECT ANSWER-Length x Width = Area
What is the cash on cash return on a $2,000,000 property with a down payment of
$500,000 and $15,000 monthly rental income? - CORRECT ANSWER-36%
Who hires the agent? - CORRECT ANSWER-Principal or client
What is not a CMA (Comparative Market Analysis?) - CORRECT ANSWER-An
apprasial
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
