23/06/2025, 12:43 NYS Real Estate Practice ExaM(2025) 100%VERIFIED |complete QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Qui…
NYS Real Estate Practice ExaM(2025)
100%VERIFIED |complete QUESTIONS AND
ANSWERS | GRADED A+.
Save
Terms in this set (180)
What agency issues real The New York State Department of State (NYDOS),
estate licenses? Divison of Licensing Services
At what age can you 18
become a real estate
salesperson?
Do you need experience No
in the field to become a
sales person?
What is the minimum age 20
to become a real estate
broker?
If your license is revoked, One year
how long do you have to
wait to re-apply for it?
Do you need experience Yes, at least 2 years of experience and 3200 points
in the field to become a
broker?
As a licensing Sponsoring Broker
salesperson, I can receive
compensation from my?
https://quizlet.com/1056350869/nys-real-estate-practice-exam2025-100verified-complete-questions-and-answers-graded-a-flash-cards/ 1/21
,23/06/2025, 12:43 NYS Real Estate Practice ExaM(2025) 100%VERIFIED |complete QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Qui…
As a real estate licensee Independent contractor, 1099, Schedule C
you will more often than
not be an ________, will
receive a ____________ and will
file a _____________
Attorneys admitted to the Exempt
bar in NYS are _____ from
the licensure law, unless
they take on sales people
If you mix your clients Commingling funds and Accountability
money with the office
operating funds, it is
called________ and you have
violated which fiducary
duty?
For how long does a Three years
broker need to keep
his/her records for?
If my license has expired, No Grace Period
for how long can i
continue to practice real
estate sales?In other
words, what is the grace
period?
Your real estate license Broker holds the license and I hold the pocket card
with the pocket card will
be sent to your
sponsoring broker. who
holds the license? Who
holds the pocket card?
How many hours of 22.5 hours
continuing ed must a sales
person take?
https://quizlet.com/1056350869/nys-real-estate-practice-exam2025-100verified-complete-questions-and-answers-graded-a-flash-cards/ 2/21
, 23/06/2025, 12:43 NYS Real Estate Practice ExaM(2025) 100%VERIFIED |complete QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Qui…
As a real estate sales 2 years
person, you have to take
continuing ed classes
every?
There is also a component Fair housing
of _________ required every
two years.
Are Real Estate brokers Yes
also required to take the
CE classes?
If a seller decides not to $500
provide the purchaser
with the Property
Condition Disclosure
Form, how much of a
reduction in price does he
have to give?
If you are a independent Telephone
contractor what can a
broker provide to you?
As an independent no
contractor are you paid
for the hours you put into
a deal, or for
"production'?
What is the term of a real two years
estate licensure?
If i was a real estate Two Years
licensee and wanted to
apply to become a
mortgage broker, how
many years of experience
would i need?
https://quizlet.com/1056350869/nys-real-estate-practice-exam2025-100verified-complete-questions-and-answers-graded-a-flash-cards/ 3/21
NYS Real Estate Practice ExaM(2025)
100%VERIFIED |complete QUESTIONS AND
ANSWERS | GRADED A+.
Save
Terms in this set (180)
What agency issues real The New York State Department of State (NYDOS),
estate licenses? Divison of Licensing Services
At what age can you 18
become a real estate
salesperson?
Do you need experience No
in the field to become a
sales person?
What is the minimum age 20
to become a real estate
broker?
If your license is revoked, One year
how long do you have to
wait to re-apply for it?
Do you need experience Yes, at least 2 years of experience and 3200 points
in the field to become a
broker?
As a licensing Sponsoring Broker
salesperson, I can receive
compensation from my?
https://quizlet.com/1056350869/nys-real-estate-practice-exam2025-100verified-complete-questions-and-answers-graded-a-flash-cards/ 1/21
,23/06/2025, 12:43 NYS Real Estate Practice ExaM(2025) 100%VERIFIED |complete QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Qui…
As a real estate licensee Independent contractor, 1099, Schedule C
you will more often than
not be an ________, will
receive a ____________ and will
file a _____________
Attorneys admitted to the Exempt
bar in NYS are _____ from
the licensure law, unless
they take on sales people
If you mix your clients Commingling funds and Accountability
money with the office
operating funds, it is
called________ and you have
violated which fiducary
duty?
For how long does a Three years
broker need to keep
his/her records for?
If my license has expired, No Grace Period
for how long can i
continue to practice real
estate sales?In other
words, what is the grace
period?
Your real estate license Broker holds the license and I hold the pocket card
with the pocket card will
be sent to your
sponsoring broker. who
holds the license? Who
holds the pocket card?
How many hours of 22.5 hours
continuing ed must a sales
person take?
https://quizlet.com/1056350869/nys-real-estate-practice-exam2025-100verified-complete-questions-and-answers-graded-a-flash-cards/ 2/21
, 23/06/2025, 12:43 NYS Real Estate Practice ExaM(2025) 100%VERIFIED |complete QUESTIONS AND ANSWERS | GRADED A+. Flashcards | Qui…
As a real estate sales 2 years
person, you have to take
continuing ed classes
every?
There is also a component Fair housing
of _________ required every
two years.
Are Real Estate brokers Yes
also required to take the
CE classes?
If a seller decides not to $500
provide the purchaser
with the Property
Condition Disclosure
Form, how much of a
reduction in price does he
have to give?
If you are a independent Telephone
contractor what can a
broker provide to you?
As an independent no
contractor are you paid
for the hours you put into
a deal, or for
"production'?
What is the term of a real two years
estate licensure?
If i was a real estate Two Years
licensee and wanted to
apply to become a
mortgage broker, how
many years of experience
would i need?
https://quizlet.com/1056350869/nys-real-estate-practice-exam2025-100verified-complete-questions-and-answers-graded-a-flash-cards/ 3/21
