7/8/26, 8:18 AM NYS Real Estate U Final Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUIDE EXAM Flash…
NYS Real Estate U Final Exam (2026) Questions &
Answers | 100% Verified solutions UPDATE |2026!!
STUDY GUIDE EXAM
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Terms in this set (109)
The section of the New York Real Article 12 A
Property Law pertaining to real
estate salespersons and brokers
A licensed real estate broker that Sponsor
holds the license of a salesperson
A crime punishable by up to a year in Misdemeanor
prison and / or a $ 1,000 fine .
An employment contract between Listing Agreement
principal and agent , authorizing the
agent to perform services for the
principle involving the latter's
property
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,7/8/26, 8:18 AM NYS Real Estate U Final Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUIDE EXAM Flash…
A card issued by the Department of Pocket Card
State to each licensee which
contains the photo , name and
business address of the licensee ,
and , in the case of a real estate
salesperson , the name and business
address of the broker with whom he
or she is associated and shall certify
that the person whose name appears
thereon is a licensed real estate
broker or salesperson . Must be
carried by the agent at all times
when serving as a salesperson .
A person who on behalf of or for the Fiduciary
benefit of another transacts business
or handles money or property not
the person's own ; such relationship
implies great confidence and trust
A written explanation , to be signed Disclosure Regarding Real Estate Agency
by a prospective buyer or seller of Relationships Form
real estate , explaining to the client
the role that the broker plays in the
transaction . First document to be
submitted to all prospective clients
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An agreement of employment of a Exclusive Agency
broker to the exclusion of all other
exclusive agency is entitled to
commissions in addition to the
commissions payable to the brokers ;
if sale is made by any other broker
during term of employment , broker
holding broker who effected the
transaction
The employer of an agent or broker ; Principal
the broker's or agent's client .
Conspiring to establish fixed fees or Price Fixing
prices for services or products
An agreement between members of Market Allocation
a trade to refrain from competition in
specific market areas
A person that provides services to Independent Contractor Relationship
another under terms specified in a
contract or within a verbal
agreement . The agent does not have
to work in a specific location The
broker cannot control the agent's
work activities
https://quizlet.com/1193714492/nys-real-estate-u-final-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-exam-flash-car… 3/17
NYS Real Estate U Final Exam (2026) Questions &
Answers | 100% Verified solutions UPDATE |2026!!
STUDY GUIDE EXAM
Save Add to calendar
Terms in this set (109)
The section of the New York Real Article 12 A
Property Law pertaining to real
estate salespersons and brokers
A licensed real estate broker that Sponsor
holds the license of a salesperson
A crime punishable by up to a year in Misdemeanor
prison and / or a $ 1,000 fine .
An employment contract between Listing Agreement
principal and agent , authorizing the
agent to perform services for the
principle involving the latter's
property
https://quizlet.com/1193714492/nys-real-estate-u-final-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-exam-flash-car… 1/17
,7/8/26, 8:18 AM NYS Real Estate U Final Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUIDE EXAM Flash…
A card issued by the Department of Pocket Card
State to each licensee which
contains the photo , name and
business address of the licensee ,
and , in the case of a real estate
salesperson , the name and business
address of the broker with whom he
or she is associated and shall certify
that the person whose name appears
thereon is a licensed real estate
broker or salesperson . Must be
carried by the agent at all times
when serving as a salesperson .
A person who on behalf of or for the Fiduciary
benefit of another transacts business
or handles money or property not
the person's own ; such relationship
implies great confidence and trust
A written explanation , to be signed Disclosure Regarding Real Estate Agency
by a prospective buyer or seller of Relationships Form
real estate , explaining to the client
the role that the broker plays in the
transaction . First document to be
submitted to all prospective clients
https://quizlet.com/1193714492/nys-real-estate-u-final-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-exam-flash-car… 2/17
, 7/8/26, 8:18 AM NYS Real Estate U Final Exam (2026) Questions & Answers | 100% Verified solutions UPDATE |2026!! STUDY GUIDE EXAM Flash…
An agreement of employment of a Exclusive Agency
broker to the exclusion of all other
exclusive agency is entitled to
commissions in addition to the
commissions payable to the brokers ;
if sale is made by any other broker
during term of employment , broker
holding broker who effected the
transaction
The employer of an agent or broker ; Principal
the broker's or agent's client .
Conspiring to establish fixed fees or Price Fixing
prices for services or products
An agreement between members of Market Allocation
a trade to refrain from competition in
specific market areas
A person that provides services to Independent Contractor Relationship
another under terms specified in a
contract or within a verbal
agreement . The agent does not have
to work in a specific location The
broker cannot control the agent's
work activities
https://quizlet.com/1193714492/nys-real-estate-u-final-exam-2026-questions-answers-100-verified-solutions-update-2026-study-guide-exam-flash-car… 3/17
