RELNY Course Practice Exam with
correct answers 100% 2026
What is untrue about real estate ads?
An ad must tell general geographic area
A blind ad does not mention that it is placed by a licensee
Location should never be included
Licensees must use proper titles, not simply "agent" or "associate" - Correct Answers 3
Which courses are required every two years for license renewal?
Finance and commercial real estate
Agency and fair housing
Legal matters and fiduciary duties
Ethics and brokerage procedures - Correct Answers 2
What is the age requirement to be a real estate broker in New York State?
20
18
19
21 - Correct Answers 1
What is not a possible consequence of violating Article 12A?
Felony conviction
Misdemeanor conviction
,License revocation
$1000 fine - Correct Answers 1
Where is an Article 78 Proceeding heard?
Federal District Court
New York State Real Estate Board
New York State Supreme Court
New York State Dept. of State - Correct Answers 3
If agents from competing firms discuss their commission rates, what part of Sherman Act is
violated?
Price-fixing
No part of any law
It violates Article 12A, not Sherman Act
Group boycott - Correct Answers 1
Which is not true?
A principal has no responsibility for actions of their agent
A broker's agent assume liability
Broker's agent is not the most common type of agent
Salespersons can be broker's agents - Correct Answers 1
Which is most likely a misrepresentation by a seller's agent?
,Not finding out critical information about the sale
Refusing to answer all buyer's questions
Protecting seller's confidentiality but not buyer's
Refusing to do research for buyer - Correct Answers 1
How does an agent decide whom to represent?
By signing a contract
It is dictated by Article 12A
All agents represent seller or landlord
One agent always represents buyer and one represents seller - Correct Answers 1
What is a group boycott?
A violation of fair housing law
A conspiracy by brokerages not to buy from a company
A legal cooperative transaction
A legal syndicate - Correct Answers 2
A broker must follow:
All applicable laws
All instructions of client
Instructions of both seller and buyer
The requirement to always commingle funds - Correct Answers 1
, How is an implied contract verified?
Ratification
Lawsuit
Vicarious liability
Drafting a written replacement contract - Correct Answers 1
At what point must salesperson deliver Agency Disclosure Form?
After delivering real estate services
1st substantive contact
Upon signing a contract with client
When an offer for sale or rent is received - Correct Answers 2
What does Section 3508 of tax code say?
Persons with real estate license are assumed to be non-employees
A license is required to be an independent contractor
Salespersons are not allowed to be employees
Real estate licensees fall info a unique tax class - Correct Answers 1
If agents from competing firms discuss their commission rates, what part of Sherman Act is
violated?
Price-fixing
correct answers 100% 2026
What is untrue about real estate ads?
An ad must tell general geographic area
A blind ad does not mention that it is placed by a licensee
Location should never be included
Licensees must use proper titles, not simply "agent" or "associate" - Correct Answers 3
Which courses are required every two years for license renewal?
Finance and commercial real estate
Agency and fair housing
Legal matters and fiduciary duties
Ethics and brokerage procedures - Correct Answers 2
What is the age requirement to be a real estate broker in New York State?
20
18
19
21 - Correct Answers 1
What is not a possible consequence of violating Article 12A?
Felony conviction
Misdemeanor conviction
,License revocation
$1000 fine - Correct Answers 1
Where is an Article 78 Proceeding heard?
Federal District Court
New York State Real Estate Board
New York State Supreme Court
New York State Dept. of State - Correct Answers 3
If agents from competing firms discuss their commission rates, what part of Sherman Act is
violated?
Price-fixing
No part of any law
It violates Article 12A, not Sherman Act
Group boycott - Correct Answers 1
Which is not true?
A principal has no responsibility for actions of their agent
A broker's agent assume liability
Broker's agent is not the most common type of agent
Salespersons can be broker's agents - Correct Answers 1
Which is most likely a misrepresentation by a seller's agent?
,Not finding out critical information about the sale
Refusing to answer all buyer's questions
Protecting seller's confidentiality but not buyer's
Refusing to do research for buyer - Correct Answers 1
How does an agent decide whom to represent?
By signing a contract
It is dictated by Article 12A
All agents represent seller or landlord
One agent always represents buyer and one represents seller - Correct Answers 1
What is a group boycott?
A violation of fair housing law
A conspiracy by brokerages not to buy from a company
A legal cooperative transaction
A legal syndicate - Correct Answers 2
A broker must follow:
All applicable laws
All instructions of client
Instructions of both seller and buyer
The requirement to always commingle funds - Correct Answers 1
, How is an implied contract verified?
Ratification
Lawsuit
Vicarious liability
Drafting a written replacement contract - Correct Answers 1
At what point must salesperson deliver Agency Disclosure Form?
After delivering real estate services
1st substantive contact
Upon signing a contract with client
When an offer for sale or rent is received - Correct Answers 2
What does Section 3508 of tax code say?
Persons with real estate license are assumed to be non-employees
A license is required to be an independent contractor
Salespersons are not allowed to be employees
Real estate licensees fall info a unique tax class - Correct Answers 1
If agents from competing firms discuss their commission rates, what part of Sherman Act is
violated?
Price-fixing
