NYS Real Estate Exam Questions & Answers, Well
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Terms in this set (316)
NYS Dept of State agency that licenses real estate agents/brokers
Property law name Article 12A
Types of real estate licenses (3) salesperson, associate broker, broker
An associate broker... has no broker powers
A broker... sponsors salespeople and associate brokers
The salesperson's license is kept by... the broker for whom the salesperson is working for,
kept in a secure place
Pocket ID card Kept with the agent, should be carried at all times
Any changes to a salesperson's should be submitted to the Department of State
license with 5 days notice
, Fees for license Salesperson: $50 every 2 years
Broker/Associate broker: $150 every 2 years
Education requirements 22.5 hours of continuing education prior to license
renewal
Total educational hours for broker's 120 hours (75 sales, 45 brokers)
license 3500 points sales experience, 2 yrs full time
5250 points for related experience, 3 years full
time
reciprocal states to NY 9
Arkansas
Colorado
Connecticut
Georgia
Massachusetts
Mississippi
Oklahoma
Pennsylvania
West Virginia
What are the other DOS Licenses? 1. Notary public
(5) 2. Apartment Information Vendor
3. Apartment Sharing Agent
4. Appraiser
5 Home inspector
Office regulations 1. Must have appropriate office signage
2. Kickbacks are illegal!
3. Blind ads are illegal! (bait and switch)
Elaborated | Already Verified Test |100% Verified
solutions | Latest!!
Save
Terms in this set (316)
NYS Dept of State agency that licenses real estate agents/brokers
Property law name Article 12A
Types of real estate licenses (3) salesperson, associate broker, broker
An associate broker... has no broker powers
A broker... sponsors salespeople and associate brokers
The salesperson's license is kept by... the broker for whom the salesperson is working for,
kept in a secure place
Pocket ID card Kept with the agent, should be carried at all times
Any changes to a salesperson's should be submitted to the Department of State
license with 5 days notice
, Fees for license Salesperson: $50 every 2 years
Broker/Associate broker: $150 every 2 years
Education requirements 22.5 hours of continuing education prior to license
renewal
Total educational hours for broker's 120 hours (75 sales, 45 brokers)
license 3500 points sales experience, 2 yrs full time
5250 points for related experience, 3 years full
time
reciprocal states to NY 9
Arkansas
Colorado
Connecticut
Georgia
Massachusetts
Mississippi
Oklahoma
Pennsylvania
West Virginia
What are the other DOS Licenses? 1. Notary public
(5) 2. Apartment Information Vendor
3. Apartment Sharing Agent
4. Appraiser
5 Home inspector
Office regulations 1. Must have appropriate office signage
2. Kickbacks are illegal!
3. Blind ads are illegal! (bait and switch)
