New York State Real Estate Salesperson Exam | 120 Questions with 100% Correct Answers | Verified | Latest Update 2024

How often must you renew your real estate salesperson/broker license? - Every 2 years What is the purpose of license laws in the real estate industry? - To minimize fraudulent practice and protect the general public The New York regulatory agency that oversees real estate licensure is the: - Department of State Most of the law about salespersons and brokers is in which article of the Real Property Law? - Article 12-A What are the age requirements for a broker applicant and a salesperson applicant, respectively? - Broker must be at least 20 years old; a salesperson must be at least 18 years old. Attorneys admitted to practice in the NY courts may act as brokers (help you sell, buy and get commission) without obtaining a broker license. However, under what circumstance must they obtain a real estate license? - If they employ salespersons to work under their supervision Do building superintendents and maintenance workers (who perform tasks such as rent collection) for one owner or company require licensure? - No How long does a licensee have from the license expiration date to renew? - Two years