Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
During which stage of a real estate transaction must the licensee remember to impart information to
the seller regarding the potential buyer's qualifications and the quality of the offer being presented? -
(ANSWER)During the negotiation stage
Why should real estate licensees have good knowledge of the loan programs that are currently available
from local banks and other lenders? - (ANSWER)Financing is a critical part of the transaction. Licensees
need to stay current on lenders' guidelines so they can qualify both the buyers and the property.
What is the mission of the Division of Licensing Services? - (ANSWER)To protect the health, safety and
welfare of consumers.
To provide efficient processing and examination services to license applicants.
To provide accurate information and qualified licensees to the business community. The Division of
Licensing issues licenses and enforces the real estate law.
What are the duties of the Secretary of State? - (ANSWER)All licensing, examination, education, and
compliance provisions of Article 12-A.
The rules of the Board.
The rules of the Secretary of State
How is an associate broker different from a broker? - (ANSWER)An associate broker must meet the same
qualifications as a licensed broker; however, an associate broker chooses to work under the name and
supervision of a licensed real estate broker.
How do licensees collect their commissions? - (ANSWER)A broker can collect commissions from the
clients. However, the licensees working for the broker can only receive commission payments from their
sponsoring broker.
How old must a person be who wishes to become licensed in New York? - (ANSWER)Salespersons must
be 18 years old; brokers must be 20 years old.
How many hours of instruction are required to become licensed in New York? - (ANSWER)Salespersons
are required to complete 77 hours of instruction; brokers must complete 152 hours.
,Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
How are exam scores reported, and what percentage is needed to pass the exam? - (ANSWER)ASAP
after the exam as either pass or fail; 70%
Besides individual and associate broker, name 2 classes of broker licenses available. - (ANSWER)Trade
name broker, corporate broker, partnership broker
What are the experience requirements to become a broker? - (ANSWER)Two full years of experience as
a licensed salesperson and 3,500 points.
Three years of equivalent experience in some other aspect of real estate and 5,250 points, subject to
approval by the Department of State.
Which penalty is not imposed by the DOS on a real estate broker for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand - (ANSWER)Imprisonment
An___________ real estate broker is a licensed real estate broker who chooses to work under the name
and supervision of a licensed real estate broker. - (ANSWER)Associate
Associate brokers may receive commission payments from
Seller
Buyer
Cooperating broker
Sponsoring broker - (ANSWER)Sponsoring broker
Passed exam results are only valid for a period of ____ years. - (ANSWER)2
,Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
For what are members of the Board compensated?
Their time
Their expertise
Contractual terms
Expense reimbursements - (ANSWER)Expense reimbursements
How much is the fee charged by the DOS for an associate broker license?
$50
$185
$15
No fee is charged - (ANSWER)$185
How many points are given for hotel sales experience?
400
300
250
125 - (ANSWER)400
From whom can a salesperson receive compensation?
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm - (ANSWER)From his or her sponsoring broker only
How many points are given for 3 years of certain types of real estate activities?
1,000
3,500
, Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
5,250
7,625 - (ANSWER)5,250
Which of the following is a requirement for becoming a licensed real estate broker in NY?
Be at least 21 years old
No misdemeanor convictions
Demonstrate fair knowledge of the English language
Be a US citizen - (ANSWER)Demonstrate fair knowledge of the English language
A real estate transaction has four stages. Which of the following is NOT one of those stages?
Listing the property
Marketing the property
Negotiating the purchase contract
Settling the transaction - (ANSWER)Marketing the property
How many members of the NYS Board of Real Estate must be real estate brokers?
5
7
All
None - (ANSWER)5
How many members are on the Board of Real Estate?
13
9
12
15 - (ANSWER)15
During which stage of a real estate transaction must the licensee remember to impart information to
the seller regarding the potential buyer's qualifications and the quality of the offer being presented? -
(ANSWER)During the negotiation stage
Why should real estate licensees have good knowledge of the loan programs that are currently available
from local banks and other lenders? - (ANSWER)Financing is a critical part of the transaction. Licensees
need to stay current on lenders' guidelines so they can qualify both the buyers and the property.
What is the mission of the Division of Licensing Services? - (ANSWER)To protect the health, safety and
welfare of consumers.
To provide efficient processing and examination services to license applicants.
To provide accurate information and qualified licensees to the business community. The Division of
Licensing issues licenses and enforces the real estate law.
What are the duties of the Secretary of State? - (ANSWER)All licensing, examination, education, and
compliance provisions of Article 12-A.
The rules of the Board.
The rules of the Secretary of State
How is an associate broker different from a broker? - (ANSWER)An associate broker must meet the same
qualifications as a licensed broker; however, an associate broker chooses to work under the name and
supervision of a licensed real estate broker.
How do licensees collect their commissions? - (ANSWER)A broker can collect commissions from the
clients. However, the licensees working for the broker can only receive commission payments from their
sponsoring broker.
How old must a person be who wishes to become licensed in New York? - (ANSWER)Salespersons must
be 18 years old; brokers must be 20 years old.
How many hours of instruction are required to become licensed in New York? - (ANSWER)Salespersons
are required to complete 77 hours of instruction; brokers must complete 152 hours.
,Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
How are exam scores reported, and what percentage is needed to pass the exam? - (ANSWER)ASAP
after the exam as either pass or fail; 70%
Besides individual and associate broker, name 2 classes of broker licenses available. - (ANSWER)Trade
name broker, corporate broker, partnership broker
What are the experience requirements to become a broker? - (ANSWER)Two full years of experience as
a licensed salesperson and 3,500 points.
Three years of equivalent experience in some other aspect of real estate and 5,250 points, subject to
approval by the Department of State.
Which penalty is not imposed by the DOS on a real estate broker for engaging in fraud?
License revocation
Fine
Imprisonment
Reprimand - (ANSWER)Imprisonment
An___________ real estate broker is a licensed real estate broker who chooses to work under the name
and supervision of a licensed real estate broker. - (ANSWER)Associate
Associate brokers may receive commission payments from
Seller
Buyer
Cooperating broker
Sponsoring broker - (ANSWER)Sponsoring broker
Passed exam results are only valid for a period of ____ years. - (ANSWER)2
,Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
For what are members of the Board compensated?
Their time
Their expertise
Contractual terms
Expense reimbursements - (ANSWER)Expense reimbursements
How much is the fee charged by the DOS for an associate broker license?
$50
$185
$15
No fee is charged - (ANSWER)$185
How many points are given for hotel sales experience?
400
300
250
125 - (ANSWER)400
From whom can a salesperson receive compensation?
From any broker he or she works for
From a broker or client
From his or her sponsoring broker only
From the broker or another licensee in the same firm - (ANSWER)From his or her sponsoring broker only
How many points are given for 3 years of certain types of real estate activities?
1,000
3,500
, Colibri Real Estate Exam 2025/2026 With 100% Accurate Answers
5,250
7,625 - (ANSWER)5,250
Which of the following is a requirement for becoming a licensed real estate broker in NY?
Be at least 21 years old
No misdemeanor convictions
Demonstrate fair knowledge of the English language
Be a US citizen - (ANSWER)Demonstrate fair knowledge of the English language
A real estate transaction has four stages. Which of the following is NOT one of those stages?
Listing the property
Marketing the property
Negotiating the purchase contract
Settling the transaction - (ANSWER)Marketing the property
How many members of the NYS Board of Real Estate must be real estate brokers?
5
7
All
None - (ANSWER)5
How many members are on the Board of Real Estate?
13
9
12
15 - (ANSWER)15
