NYS REAL ESTATE TEST PAPER
EXAMINATION TEST PRACTICE
SOLUTION 2026 100% CORRECT.
⫸ Property law name. Answer: Article 12A
⫸ Types of real estate licenses (3). Answer: salesperson, associate
broker, broker
⫸ An associate broker.... Answer: has no broker powers
⫸ A broker.... Answer: sponsors salespeople and associate brokers
⫸ The salesperson's license is kept by.... Answer: the broker for
whom the salesperson is working for, kept in a secure place
⫸ Pocket ID card. Answer: Kept with the agent, should be carried at
all times
⫸ Any changes to a salesperson's license. Answer: should be
submitted to the Department of State with 5 days notice
⫸ Fees for license. Answer: Salesperson: $50 every 2 years
Broker/Associate broker: $150 every 2 years
,⫸ Education requirements. Answer: 22.5 hours of continuing
education prior to license renewal
⫸ Total educational hours for broker's license. Answer: 120 hours (75
sales, 45 brokers)
3500 points sales experience, 2 yrs full time
5250 points for related experience, 3 years full time
⫸ reciprocal states to NY. Answer: 9
Arkansas
Colorado
Connecticut
Georgia
Massachusetts
Mississippi
Oklahoma
Pennsylvania
West Virginia
⫸ What are the other DOS Licenses? (5). Answer: 1. Notary public
2. Apartment Information Vendor
3. Apartment Sharing Agent
4. Appraiser
,5 Home inspector
⫸ Office regulations. Answer: 1. Must have appropriate office
signage
2. Kickbacks are illegal!
3. Blind ads are illegal! (bait and switch)
⫸ Administrative discipline for misdeeds (3). Answer: 1. suspension
of license
2. Revocation of license (must wait one year before applying for
licensing privilege)
3. Article 78 proceeding - Appeal a decision
⫸ Stigmatized property disclosure. Answer: Article 443, sellers and
seller agents do not have to disclose this info and may or may not
disclose upon written request of the buyer or buyer agent. A seller
agent can disclose only with permission of the seller. A buyer or buyer
agent may provide written request for disclosure to the seller or seller
agent during negotiations for purchase.
⫸ Do Attorneys need a license to practice real estate brokerage?.
Answer: No, except for when they employ licensee to work under
their supervision
⫸ Commingling of funds. Answer: ILLEGAL!
, ⫸ Net listings. Answer: ILLEGAL!
⫸ Violation of license law. Answer: misdemeanor and punishable by
$1K fine and or a maximum sentence of a year in jail
⫸ Revocation of a broker's license.... Answer: suspends the license of
salespersons and associate brokers in the broker's employ
⫸ Property Condition Disclosure Statement. Answer: must be
provided to the buyer's agent before the sellers accept the purchase
offer
⫸ Uncapped natural gas wells. Answer: must be disclosed by seller to
buyer before entering into a contract of sale.
⫸ Who can be an officer in a real estate company?. Answer: Only full
broker. Not an associate broker, not a salesperson
⫸ Who can show property?. Answer: Only licensed salespeople or
brokers
⫸ Agent. Answer: usually works for seller, but can also work for a
buyer, representation, looks for best interest of party, for the buyer an
agent usually services, goes through motions but no fiduciary
responsibilty
EXAMINATION TEST PRACTICE
SOLUTION 2026 100% CORRECT.
⫸ Property law name. Answer: Article 12A
⫸ Types of real estate licenses (3). Answer: salesperson, associate
broker, broker
⫸ An associate broker.... Answer: has no broker powers
⫸ A broker.... Answer: sponsors salespeople and associate brokers
⫸ The salesperson's license is kept by.... Answer: the broker for
whom the salesperson is working for, kept in a secure place
⫸ Pocket ID card. Answer: Kept with the agent, should be carried at
all times
⫸ Any changes to a salesperson's license. Answer: should be
submitted to the Department of State with 5 days notice
⫸ Fees for license. Answer: Salesperson: $50 every 2 years
Broker/Associate broker: $150 every 2 years
,⫸ Education requirements. Answer: 22.5 hours of continuing
education prior to license renewal
⫸ Total educational hours for broker's license. Answer: 120 hours (75
sales, 45 brokers)
3500 points sales experience, 2 yrs full time
5250 points for related experience, 3 years full time
⫸ reciprocal states to NY. Answer: 9
Arkansas
Colorado
Connecticut
Georgia
Massachusetts
Mississippi
Oklahoma
Pennsylvania
West Virginia
⫸ What are the other DOS Licenses? (5). Answer: 1. Notary public
2. Apartment Information Vendor
3. Apartment Sharing Agent
4. Appraiser
,5 Home inspector
⫸ Office regulations. Answer: 1. Must have appropriate office
signage
2. Kickbacks are illegal!
3. Blind ads are illegal! (bait and switch)
⫸ Administrative discipline for misdeeds (3). Answer: 1. suspension
of license
2. Revocation of license (must wait one year before applying for
licensing privilege)
3. Article 78 proceeding - Appeal a decision
⫸ Stigmatized property disclosure. Answer: Article 443, sellers and
seller agents do not have to disclose this info and may or may not
disclose upon written request of the buyer or buyer agent. A seller
agent can disclose only with permission of the seller. A buyer or buyer
agent may provide written request for disclosure to the seller or seller
agent during negotiations for purchase.
⫸ Do Attorneys need a license to practice real estate brokerage?.
Answer: No, except for when they employ licensee to work under
their supervision
⫸ Commingling of funds. Answer: ILLEGAL!
, ⫸ Net listings. Answer: ILLEGAL!
⫸ Violation of license law. Answer: misdemeanor and punishable by
$1K fine and or a maximum sentence of a year in jail
⫸ Revocation of a broker's license.... Answer: suspends the license of
salespersons and associate brokers in the broker's employ
⫸ Property Condition Disclosure Statement. Answer: must be
provided to the buyer's agent before the sellers accept the purchase
offer
⫸ Uncapped natural gas wells. Answer: must be disclosed by seller to
buyer before entering into a contract of sale.
⫸ Who can be an officer in a real estate company?. Answer: Only full
broker. Not an associate broker, not a salesperson
⫸ Who can show property?. Answer: Only licensed salespeople or
brokers
⫸ Agent. Answer: usually works for seller, but can also work for a
buyer, representation, looks for best interest of party, for the buyer an
agent usually services, goes through motions but no fiduciary
responsibilty
