ESTUDYR
NYS REAL ESTATE NEW 2025 ALL EXAMS QUESTIONS AND
ANSWERS (VERIFIED ANSWERS) | ASSURED SUCCESS
If an agent’s license is canceled, the waiting period before they may re-apply is:
A. 6 months
B. 1 year
C. 2 years
D. 5 years
Rationale: State regulations commonly impose a one-year bar before reapplication after
cancellation.
Real estate agents always work for their:
A. Clients
B. Lender
C. Sponsoring broker
D. Title company
Rationale: By law, salespersons act under the authority and supervision of their sponsoring
broker.
The overhang of a roof beyond the wall is called the:
A. Soffit
B. Fascia
C. Eaves
D. Gable
Rationale: Eaves are the projecting edges that keep water away from the walls.
The toxic material used in older electrical transformers and found in soil is:
A. Mercury
B. Chlorofluorocarbon
C. PCB (polychlorinated biphenyl)
D. Asbestos
Rationale: PCBs were widely used for insulation and persist as environmental pollutants.
Asbestos in older homes is most often found on or around:
A. Window frames
B. Exterior siding
C. Boiler and duct insulation
D. Hardwood floors
Rationale: Asbestos was extensively used to insulate pipes and boilers.
,ESTUDYR
The government’s power to take private property for public use is called:
A. Zoning
B. Escheat
C. Eminent domain
D. Adverse possession
Rationale: Eminent domain allows takings with just compensation under the Fifth Amendment.
The most protective deed, offering full covenants of title, is the:
A. Quitclaim deed
B. Bargain and sale deed
C. Special warranty deed
D. General warranty deed
Rationale: It guarantees against defects arising before or during the grantor’s ownership.
An independent contractor agreement between a broker and salesperson should be signed:
A. Once at hiring
B. Every 6 months
C. Annually
D. Only upon change of broker
Rationale: Annual renewal ensures terms remain current and compliant.
An agent may only receive commission from their:
A. Client directly
B. Seller if FSBO
C. Title company
D. Sponsoring broker
Rationale: Commissions flow through the broker’s escrow or trust account.
A broker can lawfully pay an agent’s:
A. Car lease
B. Health insurance
C. Advertising expenses
D. Office phone bill
Rationale: Office‐related expenses may be reimbursed; personal expenses may not.
A mortgage paid in equal installments of principal and interest is called:
A. Adjustable-rate mortgage
B. Balloon mortgage
C. Interest-only mortgage
D. Fully amortized mortgage
,ESTUDYR
Rationale: Fully amortized loans retire the debt over the term via level payments.
An agent who represents the buyer exclusively is known as the:
A. Listing agent
B. Dual agent
C. Transaction broker
D. Buyer’s agent
Rationale: Buyer’s agents owe fiduciary duties solely to the purchaser.
In a contract, “consideration” refers to:
A. A contingency
B. The closing date
C. Something of value exchanged by the parties
D. Earnest money only
– Rationale: Consideration is the inducement, such as money or promise, that makes the contract
binding.
The highest and most complete estate in real property is the:
A. Life estate
B. Leasehold estate
C. Fee simple defeasible
D. Fee simple estate
– Rationale: Fee simple grants absolute ownership with unlimited duration.
If Adam grants his wife lifetime use of his property, after which it passes to his son, the wife holds
a:
A. Remainder estate
B. Leasehold
C. Fee tail
D. Life estate
– Rationale: A life estate lasts for the life tenant’s lifetime, with remainder to another.
Failing to inform the seller that the buyer has financing difficulties breaches:
A. Obedience
B. Disclosure
C. Loyalty
D. Confidentiality
– Rationale: Agents must timely disclose material facts to their principals.
The tenant’s right to undisturbed use and possession of leased premises is called:
A. Covenant of habitability
B. Constructive eviction
C. Leasehold interest
, ESTUDYR
D. Quiet enjoyment
– Rationale: Quiet enjoyment guarantees tenants freedom from landlord’s interference.
A listing where the broker earns commission only if the broker or someone secures the buyer is
a(n):
A. Open listing
B. Net listing
C. Exclusive agency listing
D. Exclusive right-to-sell listing
– Rationale: Exclusive agency reserves owner’s right to sell without owing commission, but broker still
an agent.
A listing allowing the broker to keep any sale price above a set amount is a:
A. Exclusive right to sell
B. Open listing
C. Net listing
D. Exclusive agency
– Rationale: Net listings pay the broker the surplus over the net price to seller.
Refusal to lend in a particular area based solely on geography is called:
A. Blockbusting
B. Steering
C. Redlining
D. Redlining
– Rationale: Redlining denies credit or insurance based on location demographics.
Channeling buyers toward or away from certain neighborhoods is:
A. Blockbusting
B. Steering
C. Redlining
D. Panic peddling
– Rationale: Steering violates fair housing by directing clients based on protected class.
Inducing owners to sell by claiming a neighborhood’s changing racial composition is:
A. Steering
B. Redlining
C. Blockbusting
D. Stop-and-frisk
– Rationale: Blockbusting exploits fear of minority encroachment to trigger sales.
A deed that releases all claims the grantor may have without warranties is a:
A. General warranty deed
B. Special warranty deed
C. Quitclaim deed
NYS REAL ESTATE NEW 2025 ALL EXAMS QUESTIONS AND
ANSWERS (VERIFIED ANSWERS) | ASSURED SUCCESS
If an agent’s license is canceled, the waiting period before they may re-apply is:
A. 6 months
B. 1 year
C. 2 years
D. 5 years
Rationale: State regulations commonly impose a one-year bar before reapplication after
cancellation.
Real estate agents always work for their:
A. Clients
B. Lender
C. Sponsoring broker
D. Title company
Rationale: By law, salespersons act under the authority and supervision of their sponsoring
broker.
The overhang of a roof beyond the wall is called the:
A. Soffit
B. Fascia
C. Eaves
D. Gable
Rationale: Eaves are the projecting edges that keep water away from the walls.
The toxic material used in older electrical transformers and found in soil is:
A. Mercury
B. Chlorofluorocarbon
C. PCB (polychlorinated biphenyl)
D. Asbestos
Rationale: PCBs were widely used for insulation and persist as environmental pollutants.
Asbestos in older homes is most often found on or around:
A. Window frames
B. Exterior siding
C. Boiler and duct insulation
D. Hardwood floors
Rationale: Asbestos was extensively used to insulate pipes and boilers.
,ESTUDYR
The government’s power to take private property for public use is called:
A. Zoning
B. Escheat
C. Eminent domain
D. Adverse possession
Rationale: Eminent domain allows takings with just compensation under the Fifth Amendment.
The most protective deed, offering full covenants of title, is the:
A. Quitclaim deed
B. Bargain and sale deed
C. Special warranty deed
D. General warranty deed
Rationale: It guarantees against defects arising before or during the grantor’s ownership.
An independent contractor agreement between a broker and salesperson should be signed:
A. Once at hiring
B. Every 6 months
C. Annually
D. Only upon change of broker
Rationale: Annual renewal ensures terms remain current and compliant.
An agent may only receive commission from their:
A. Client directly
B. Seller if FSBO
C. Title company
D. Sponsoring broker
Rationale: Commissions flow through the broker’s escrow or trust account.
A broker can lawfully pay an agent’s:
A. Car lease
B. Health insurance
C. Advertising expenses
D. Office phone bill
Rationale: Office‐related expenses may be reimbursed; personal expenses may not.
A mortgage paid in equal installments of principal and interest is called:
A. Adjustable-rate mortgage
B. Balloon mortgage
C. Interest-only mortgage
D. Fully amortized mortgage
,ESTUDYR
Rationale: Fully amortized loans retire the debt over the term via level payments.
An agent who represents the buyer exclusively is known as the:
A. Listing agent
B. Dual agent
C. Transaction broker
D. Buyer’s agent
Rationale: Buyer’s agents owe fiduciary duties solely to the purchaser.
In a contract, “consideration” refers to:
A. A contingency
B. The closing date
C. Something of value exchanged by the parties
D. Earnest money only
– Rationale: Consideration is the inducement, such as money or promise, that makes the contract
binding.
The highest and most complete estate in real property is the:
A. Life estate
B. Leasehold estate
C. Fee simple defeasible
D. Fee simple estate
– Rationale: Fee simple grants absolute ownership with unlimited duration.
If Adam grants his wife lifetime use of his property, after which it passes to his son, the wife holds
a:
A. Remainder estate
B. Leasehold
C. Fee tail
D. Life estate
– Rationale: A life estate lasts for the life tenant’s lifetime, with remainder to another.
Failing to inform the seller that the buyer has financing difficulties breaches:
A. Obedience
B. Disclosure
C. Loyalty
D. Confidentiality
– Rationale: Agents must timely disclose material facts to their principals.
The tenant’s right to undisturbed use and possession of leased premises is called:
A. Covenant of habitability
B. Constructive eviction
C. Leasehold interest
, ESTUDYR
D. Quiet enjoyment
– Rationale: Quiet enjoyment guarantees tenants freedom from landlord’s interference.
A listing where the broker earns commission only if the broker or someone secures the buyer is
a(n):
A. Open listing
B. Net listing
C. Exclusive agency listing
D. Exclusive right-to-sell listing
– Rationale: Exclusive agency reserves owner’s right to sell without owing commission, but broker still
an agent.
A listing allowing the broker to keep any sale price above a set amount is a:
A. Exclusive right to sell
B. Open listing
C. Net listing
D. Exclusive agency
– Rationale: Net listings pay the broker the surplus over the net price to seller.
Refusal to lend in a particular area based solely on geography is called:
A. Blockbusting
B. Steering
C. Redlining
D. Redlining
– Rationale: Redlining denies credit or insurance based on location demographics.
Channeling buyers toward or away from certain neighborhoods is:
A. Blockbusting
B. Steering
C. Redlining
D. Panic peddling
– Rationale: Steering violates fair housing by directing clients based on protected class.
Inducing owners to sell by claiming a neighborhood’s changing racial composition is:
A. Steering
B. Redlining
C. Blockbusting
D. Stop-and-frisk
– Rationale: Blockbusting exploits fear of minority encroachment to trigger sales.
A deed that releases all claims the grantor may have without warranties is a:
A. General warranty deed
B. Special warranty deed
C. Quitclaim deed
