REVIEW QUESTIONS FOR NY REAL ESTATE EXAM / COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS /

REVIEW QUESTIONS FOR NY
REAL ESTATE EXAM / COMPLETE
QUESTIONS AND CORRECT
DETAILED ANSWERS

Save




Terms in this set (101)

,1-A broker -B: Salesperson can accept
legitimately may compensation only from their
pay all or part sponsoring broker.
of Real estate
commission to a
a. seller
b. salesperson
c. buyer
d. friend who
provides a
listing lead

2-The minimum C. As of July 1,2008 to become a
age for a New broker you must be 20 years old.
York real estate
broker's license
is
a. 19.
b. 18.
c. 20.
d. 21.

,3-Which of the C: selling land at an auction.
following acts
would require a
real estate
license in New
York
a. Sale of one's
own property
b. Sale by the
owner's lawyer
c. Sale of land
by an
auctioneer
d. Foreclosure
sale by court
order

, 4-An associate D: Associate broker is a licensed
broker may broker but chooses to work under
the supervision of another broker.
a. sponsor a
person for a
salesperson's
license.
b. collect his or
her own real
estate fees.
c. act as a
principal broker
for another
broker.
d. Work as a
salesperson for
a principal
broker