COLIBRI REAL ESTATE EXAMS TEST PAPER
QUESTIONS AND ANSWERS SURE A+
✔✔New York has established a point system to help determine the experience a Broker
candidate needs. A total of_________ points and the equivalent to two years of full-time
experience for broker candidates.
2000
2500
3000
3500 - ✔✔3500
✔✔Which of the following licensees can only receive commission payments from his or
her sponsoring broker?
Broker
Salesperson
Affiliate Broker
Apprentice - ✔✔Salesperson
✔✔How will an examinee know what percent of the exam questions he or she
answered correctly?
The percentage score will be mailed to the examinee within 15 days of the exam.
The percentage score will available online only for those examinees who fail the exam.
The percentage score is not given to the examinee.
,The percentage score will be mailed to the examinee for a $25 fee. - ✔✔The
percentage score is not given to the examinee.
✔✔The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or her
commission is called?
Settling the transaction.
Negotiating the purchase contract.
Financing the purchase.
Listing the property. - ✔✔Settling the transaction.
✔✔How many hours of education is a broker candidate required to complete in addition
to those required for a salesperson's license?
75 hours
55 hours
100 hours
120 hours - ✔✔75 hours
✔✔Which of the following is NOT one of the real estate broker license types?
Salesperson
Trade name broker
Partnership broker
Corporate broker - ✔✔Salesperson
✔✔Real estate licensees should have a good knowledge of the loan programs that are
currently available from local banks and other lenders so they can perform this stage of
the real estate transaction?
Settling the transaction.
Negotiating the purchase contract.
Helping the purchaser with the financing process.
Listing the property. - ✔✔Helping the purchaser with the financing process.
✔✔In order to become a licensed salesperson in New York, a candidate must
_________successfully.
complete the 60-hour pre-license course
complete the 77-hour pre-license course
complete the 120-hour pre-license course
complete the 150-hour course - ✔✔complete the 77-hour pre-license course
✔✔Which of the following must hold a real estate license?
An owner selling his neighbor's property for a fee
An owner selling his own property
A NY attorney
A bankruptcy trustee - ✔✔An owner selling his neighbor's property for a fee
, ✔✔Which of the following real estate licenses has a fee of $185?
Salesperson
Broker and Associate Broker
Foreign
Branch Office - ✔✔Broker and Associate Broker
✔✔How many continuing education credit hours does a licensee receive for completing
a course in Sales Psychology?
None
3 hours
2 hours
5 hours - ✔✔None
✔✔A broker maintaining more than one place of business must apply for and secure an
additional____________ for each of the branch offices.
branch certificate
performance bond
license
sponsoring branch license - ✔✔license
✔✔To avoid consumer confusion a business card must include all of the following
information except?
The brokers social security number.
Name and address of the brokerage or the branch office.
Type of license held.
The firm's business telephone number. - ✔✔The brokers social security number.
✔✔The Licensing Division may issue a license to a corporation to conduct business as
a real estate brokerage only if the applicant
Is a manager in the corporation.
Pays additional fees required for a corporate license.
Is an employee of the corporation.
is an officer of the corporation prior to licensing. - ✔✔is an officer of the corporation prior
to licensing.
✔✔How often must a licensee renew his or her license?
Every year
Every two years
Every three years
Every four years - ✔✔Every two years
✔✔Which of the following is required of a real property appraiser?
Pay a $300 licensure fee
QUESTIONS AND ANSWERS SURE A+
✔✔New York has established a point system to help determine the experience a Broker
candidate needs. A total of_________ points and the equivalent to two years of full-time
experience for broker candidates.
2000
2500
3000
3500 - ✔✔3500
✔✔Which of the following licensees can only receive commission payments from his or
her sponsoring broker?
Broker
Salesperson
Affiliate Broker
Apprentice - ✔✔Salesperson
✔✔How will an examinee know what percent of the exam questions he or she
answered correctly?
The percentage score will be mailed to the examinee within 15 days of the exam.
The percentage score will available online only for those examinees who fail the exam.
The percentage score is not given to the examinee.
,The percentage score will be mailed to the examinee for a $25 fee. - ✔✔The
percentage score is not given to the examinee.
✔✔The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or her
commission is called?
Settling the transaction.
Negotiating the purchase contract.
Financing the purchase.
Listing the property. - ✔✔Settling the transaction.
✔✔How many hours of education is a broker candidate required to complete in addition
to those required for a salesperson's license?
75 hours
55 hours
100 hours
120 hours - ✔✔75 hours
✔✔Which of the following is NOT one of the real estate broker license types?
Salesperson
Trade name broker
Partnership broker
Corporate broker - ✔✔Salesperson
✔✔Real estate licensees should have a good knowledge of the loan programs that are
currently available from local banks and other lenders so they can perform this stage of
the real estate transaction?
Settling the transaction.
Negotiating the purchase contract.
Helping the purchaser with the financing process.
Listing the property. - ✔✔Helping the purchaser with the financing process.
✔✔In order to become a licensed salesperson in New York, a candidate must
_________successfully.
complete the 60-hour pre-license course
complete the 77-hour pre-license course
complete the 120-hour pre-license course
complete the 150-hour course - ✔✔complete the 77-hour pre-license course
✔✔Which of the following must hold a real estate license?
An owner selling his neighbor's property for a fee
An owner selling his own property
A NY attorney
A bankruptcy trustee - ✔✔An owner selling his neighbor's property for a fee
, ✔✔Which of the following real estate licenses has a fee of $185?
Salesperson
Broker and Associate Broker
Foreign
Branch Office - ✔✔Broker and Associate Broker
✔✔How many continuing education credit hours does a licensee receive for completing
a course in Sales Psychology?
None
3 hours
2 hours
5 hours - ✔✔None
✔✔A broker maintaining more than one place of business must apply for and secure an
additional____________ for each of the branch offices.
branch certificate
performance bond
license
sponsoring branch license - ✔✔license
✔✔To avoid consumer confusion a business card must include all of the following
information except?
The brokers social security number.
Name and address of the brokerage or the branch office.
Type of license held.
The firm's business telephone number. - ✔✔The brokers social security number.
✔✔The Licensing Division may issue a license to a corporation to conduct business as
a real estate brokerage only if the applicant
Is a manager in the corporation.
Pays additional fees required for a corporate license.
Is an employee of the corporation.
is an officer of the corporation prior to licensing. - ✔✔is an officer of the corporation prior
to licensing.
✔✔How often must a licensee renew his or her license?
Every year
Every two years
Every three years
Every four years - ✔✔Every two years
✔✔Which of the following is required of a real property appraiser?
Pay a $300 licensure fee
