Examination | Questions And Detailed
Answers | Newest Exam 2026-2027 |
1. Before becoming a licensed New York Real Estate Salesperson, an applicant must
complete how many hours of approved pre-licensing education?
A. 45 hours
B. 60 hours
C. 77 hours
D. 120 hours
CORRECT ANSWER: C. 77 hours
RATIONALE:
C. 77 hours is correct because New York requires applicants for a real estate salesperson license
to successfully complete 77 hours of approved qualifying education before taking the state
licensing examination.
2. Which New York State agency is responsible for licensing real estate salespersons and
brokers?
A. Department of Labor
B. Department of State
C. Department of Finance
D. Department of Housing and Urban Development
CORRECT ANSWER: B. Department of State
RATIONALE:
B. Department of State is correct because the New York State Department of State, Division of
Licensing Services, administers the licensing and regulation of real estate professionals.
, 3. A real estate salesperson in New York must work under the supervision of a:
A. Mortgage lender
B. Real estate broker
C. Property manager
D. Real estate attorney
CORRECT ANSWER: B. Real estate broker
RATIONALE:
B. Real estate broker is correct because New York law requires licensed real estate
salespersons to be sponsored and supervised by a licensed real estate broker.
4. Which type of property ownership gives the owner complete ownership of both the land
and the improvements?
A. Leasehold estate
B. Life estate
C. Fee simple estate
D. Easement
CORRECT ANSWER: C. Fee simple estate
RATIONALE:
C. Fee simple estate is correct because it represents the highest form of private property
ownership, giving the owner full rights to possess, use, transfer, and inherit the property.
5. Which document transfers ownership of real property from the seller to the buyer?
A. Listing agreement
B. Purchase offer
C. Deed
D. Lease agreement