NEW YORK STATE REAL ESTATE SALESPERSON
LICENSING EXAM ACTUAL PAPER 2026
QUESTIONS SOLUTIONS GRADED A+
◉ What other capability should they possess? Answer: Mental and
emotional capability
◉ What happens if one of the parties to the contract is a minor?
Answer: The contract is voidable by the minor
◉ What does the zoning board of appeals do? Answer: Grants
variances
◉ What regulates construction standards in NYS? Answer: Building
codes
◉ What does municipal engineer's office do? 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? Answer: It must
, include the name of the geographical area where the property is
actually located
◉ Who is usually exempt from property taxes? Answer: Disabled,
veterans, farmers, elderly gold star parents *kids die in the war, star
program homeowners
◉ Who is not usually exempt from property taxes? Answer: Second
home owners
◉ What covers fully or personal property lost in a fire? Answer:
Replacement cost
◉ Find the square footage of a rectangular shaped floor plan. How
do you find the area of a square/rectangle? 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?
Answer: 36%
◉ Who hires the agent? Answer: Principal or client
LICENSING EXAM ACTUAL PAPER 2026
QUESTIONS SOLUTIONS GRADED A+
◉ What other capability should they possess? Answer: Mental and
emotional capability
◉ What happens if one of the parties to the contract is a minor?
Answer: The contract is voidable by the minor
◉ What does the zoning board of appeals do? Answer: Grants
variances
◉ What regulates construction standards in NYS? Answer: Building
codes
◉ What does municipal engineer's office do? 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? Answer: It must
, include the name of the geographical area where the property is
actually located
◉ Who is usually exempt from property taxes? Answer: Disabled,
veterans, farmers, elderly gold star parents *kids die in the war, star
program homeowners
◉ Who is not usually exempt from property taxes? Answer: Second
home owners
◉ What covers fully or personal property lost in a fire? Answer:
Replacement cost
◉ Find the square footage of a rectangular shaped floor plan. How
do you find the area of a square/rectangle? 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?
Answer: 36%
◉ Who hires the agent? Answer: Principal or client
