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Examen

NYS Real Estate Exam Questions and Answers 100% Pass | Rated A+

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NYS Real Estate Exam Questions and Answers 100% Pass | Rated A+ NYS Dept of State - agency that licenses real estate agents/brokers Property law name - Article 12A Types of real estate licenses (3) - salesperson, associate broker, broker An associate broker... - has no broker powers A broker... - sponsors salespeople and associate brokers The salesperson's license is kept by... - the broker for whom the salesperson is working for, kept in a secure place Pocket ID card - Kept with the agent, should be carried at all times Any changes to a salesperson's license - should be submitted to the Department of State with 5 days notice Fees for license - Salesperson: $50 every 2 years Broker/Associate broker: $150 every 2 years Education requirements - 22.5 hours of continuing education prior to license renewal

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NYS Real Estate Salesperson License
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NYS Real Estate Salesperson license











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Institución
NYS Real Estate Salesperson license
Grado
NYS Real Estate Salesperson license

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Subido en
17 de enero de 2025
Número de páginas
39
Escrito en
2024/2025
Tipo
Examen
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NYS Real Estate Exam

, NYS Real Estate Exam Questions and

Answers 100% Pass | Rated A+


NYS Dept of State - ✔✔agency that licenses real estate agents/brokers

Property law name - ✔✔Article 12A

Types of real estate licenses (3) - ✔✔salesperson, associate broker, broker

An associate broker... - ✔✔has no broker powers

A broker... - ✔✔sponsors salespeople and associate brokers

The salesperson's license is kept by... - ✔✔the broker for whom the salesperson

is working for, kept in a secure place

Pocket ID card - ✔✔Kept with the agent, should be carried at all times

Any changes to a salesperson's license - ✔✔should be submitted to the

Department of State with 5 days notice

Fees for license - ✔✔Salesperson: $50 every 2 years

Broker/Associate broker: $150 every 2 years

Education requirements - ✔✔22.5 hours of continuing education prior to license

renewal

1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.

,Total educational hours for broker's license - ✔✔120 hours (75 sales, 45

brokers)

3500 points sales experience, 2 yrs full time

5250 points for related experience, 3 years full time

reciprocal states to NY - ✔✔9

Arkansas

Colorado

Connecticut

Georgia

Massachusetts

Mississippi

Oklahoma

Pennsylvania

West Virginia

What are the other DOS Licenses? (5) - ✔✔1. Notary publi

2. Apartment Information Vendor

3. Apartment Sharing Agent

4. Appraiser

5 Home inspector

2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.

, Office regulations - ✔✔1. Must have appropriate office signage

2. Kickbacks are illegal!

3. Blind ads are illegal! (bait and switch)

Administrative discipline for misdeeds (3) - ✔✔1. suspension of license

2. Revocation of license (must wait one year before applying for licensing

privilege)

3. Article 78 proceeding - Appeal a decision

Stigmatized property disclosure - ✔✔Article 443, sellers and seller agents do not

have to disclose this info and may or may not disclose upon written request of

the buyer or buyer agent. A seller agent can disclose only with permission of the

seller. A buyer or buyer agent may provide written request for disclosure to the

seller or seller agent during negotiations for purchase.

Do Attorneys need a license to practice real estate brokerage? - ✔✔No, except

for when they employ licensee to work under their supervision

Commingling of funds - ✔✔ILLEGAL!

Net listings - ✔✔ILLEGAL!

Violation of license law - ✔✔misdemeanor and punishable by $1K fine and or a

maximum sentence of a year in jail


3|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
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