NY Real Estate Exam Questions and
Answers with correct answers 100%
2026
A broker legitimately may pay all or part of Real estate commission to a - Correct Answers
salesperson
The minimum age for a New York real estate broker's license is - Correct Answers 20
Which of the following acts would require a real estate license in New York - Correct Answers
Sale of land by an auctioneer
Violation of the license law is a misdemeanor, Punishable by up to a year in jail and a fine of -
Correct Answers $1,000
When salesperson Tom Jones left ABC Realty and went to work with XYZ REALTORS, Tom's
listings - Correct Answers Remained with ABC Realty.
A salesperson's license must be - Correct Answers retained by the principal broker
When does offering a client's business for sale Require a real estate license? - Correct Answers
When more then half the value is real estate
An apartment information vendor is licensed by: - Correct Answers Department of State
When a license is revoked how long must a licensee wait before applying to have the license
reinstated? - Correct Answers 1 year
, The form of listing whereby an owner lists property for sale with a number of brokers is known
as a(n) - Correct Answers Open listing.
To avoid possible liability for the actions of c cooperating members of a multiple listing system
the owner who lists property for sale may decline to offer - Correct Answers Subagency.
An agent who has the authority to represent the principal in specific matters is a(n): - Correct
Answers general agent
An agent who has the authority to represent the principal in specific matters is - Correct
Answers a(n) general agent
Jan Lipson gave Sun City Realty an exclusive agency listing on her property. If she sells the
Property herself without involving Sun City She will owe Sun City - Correct Answers No
commission.
When selling a property in New York the Licensee is required to disclose to a potential Buyer
that - Correct Answers The property lies in an agricultural district.
The commission to be paid in a written listing Agreement is the rate set by law - Correct
Answers Percentage of the sales price as negotiated and agreed or a flat fee.
The relationship between an agent and his or her - Correct Answers Fiduciary.
If you are selling a house in New York it is necessary to disclose that - Correct Answers There is a
utility surcharge.
Answers with correct answers 100%
2026
A broker legitimately may pay all or part of Real estate commission to a - Correct Answers
salesperson
The minimum age for a New York real estate broker's license is - Correct Answers 20
Which of the following acts would require a real estate license in New York - Correct Answers
Sale of land by an auctioneer
Violation of the license law is a misdemeanor, Punishable by up to a year in jail and a fine of -
Correct Answers $1,000
When salesperson Tom Jones left ABC Realty and went to work with XYZ REALTORS, Tom's
listings - Correct Answers Remained with ABC Realty.
A salesperson's license must be - Correct Answers retained by the principal broker
When does offering a client's business for sale Require a real estate license? - Correct Answers
When more then half the value is real estate
An apartment information vendor is licensed by: - Correct Answers Department of State
When a license is revoked how long must a licensee wait before applying to have the license
reinstated? - Correct Answers 1 year
, The form of listing whereby an owner lists property for sale with a number of brokers is known
as a(n) - Correct Answers Open listing.
To avoid possible liability for the actions of c cooperating members of a multiple listing system
the owner who lists property for sale may decline to offer - Correct Answers Subagency.
An agent who has the authority to represent the principal in specific matters is a(n): - Correct
Answers general agent
An agent who has the authority to represent the principal in specific matters is - Correct
Answers a(n) general agent
Jan Lipson gave Sun City Realty an exclusive agency listing on her property. If she sells the
Property herself without involving Sun City She will owe Sun City - Correct Answers No
commission.
When selling a property in New York the Licensee is required to disclose to a potential Buyer
that - Correct Answers The property lies in an agricultural district.
The commission to be paid in a written listing Agreement is the rate set by law - Correct
Answers Percentage of the sales price as negotiated and agreed or a flat fee.
The relationship between an agent and his or her - Correct Answers Fiduciary.
If you are selling a house in New York it is necessary to disclose that - Correct Answers There is a
utility surcharge.
