NY REAL ESTATE EXAM 2025
QUESTIONS AND ANSWERS
1-A broker legitimately may pay all or part of Real estate commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead - ANS -B: Salesperson can accept compensation only
from their sponsoring broker.
2-The minimum age for a New York real estate broker's license is
a. 19.
b. 18.
c. 20.
d. 21. - ANS C. As of July 1,2008 to become a broker you must be 20 years old.
3-Which of the 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 - ANS C: selling land at an auction.
4-An associate broker may
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, 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 - ANS D: Associate broker is a licensed broker
but chooses to work under the supervision of another broker.
5-Violation of the license law is a misdemeanor, Punishable by up to a year in jail and a fine of
Up to
a. $500.
b. $2,000.
c. $1,000.
d. $1,500. - ANS C: DOS may impose a fine not to exceed $1000.
6-When salesperson Tom Jones left ABC Realty And went to work with XYZ REALTORS,
Tom's listings
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS. - ANS B: When a licensee
terminates with a broker they must turn over all information.
A salesperson's license must be
a. displayed on the firm's wall.
b. kept in the salesperson's wallet
c. retained by the principal broker.
d. d. sent to the local REALTORS association. - ANS C: Kept by the broker in a safe place.
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8-When does offering a client's business for sale Require a real estate license?
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, a. Never
b. Always
c. When the business includes any real estate
d. When more than half the value is real estate - ANS -D: selling a business where the real
estate is greater than the business.
An apartment information vendor is licensed by:
a. Department of Law
b. New York Attorney General's office
c. Department of State
d. Division of Housing and Community Rental - ANS C: Department of State licenses
apartment information vendors....
When a license is revoked, how long must a licensee wait before applying to have the license
reinstated?
a. 18 months
b. 1 year
c. 6 months
d. 2 years - ANS B: If a license is revoke licensee must wait 1 year before reapplying..
The form of listing whereby an owner lists property for sale with a number of brokers is known
as a(n)
a. Exclusive agency.
b. Open listing.
c. Exclusive right to sell.
d. Net listing. - ANS B: In an Open listing the seller allows the property to be shown by many
Brokers.
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QUESTIONS AND ANSWERS
1-A broker legitimately may pay all or part of Real estate commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead - ANS -B: Salesperson can accept compensation only
from their sponsoring broker.
2-The minimum age for a New York real estate broker's license is
a. 19.
b. 18.
c. 20.
d. 21. - ANS C. As of July 1,2008 to become a broker you must be 20 years old.
3-Which of the 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 - ANS C: selling land at an auction.
4-An associate broker may
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, 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 - ANS D: Associate broker is a licensed broker
but chooses to work under the supervision of another broker.
5-Violation of the license law is a misdemeanor, Punishable by up to a year in jail and a fine of
Up to
a. $500.
b. $2,000.
c. $1,000.
d. $1,500. - ANS C: DOS may impose a fine not to exceed $1000.
6-When salesperson Tom Jones left ABC Realty And went to work with XYZ REALTORS,
Tom's listings
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS. - ANS B: When a licensee
terminates with a broker they must turn over all information.
A salesperson's license must be
a. displayed on the firm's wall.
b. kept in the salesperson's wallet
c. retained by the principal broker.
d. d. sent to the local REALTORS association. - ANS C: Kept by the broker in a safe place.
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8-When does offering a client's business for sale Require a real estate license?
@COPYRIGHT BRAINBARTER 2025/2026
, a. Never
b. Always
c. When the business includes any real estate
d. When more than half the value is real estate - ANS -D: selling a business where the real
estate is greater than the business.
An apartment information vendor is licensed by:
a. Department of Law
b. New York Attorney General's office
c. Department of State
d. Division of Housing and Community Rental - ANS C: Department of State licenses
apartment information vendors....
When a license is revoked, how long must a licensee wait before applying to have the license
reinstated?
a. 18 months
b. 1 year
c. 6 months
d. 2 years - ANS B: If a license is revoke licensee must wait 1 year before reapplying..
The form of listing whereby an owner lists property for sale with a number of brokers is known
as a(n)
a. Exclusive agency.
b. Open listing.
c. Exclusive right to sell.
d. Net listing. - ANS B: In an Open listing the seller allows the property to be shown by many
Brokers.
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