State 2025 (latest update) RE exam
correctly answered already passed
According to the New York State Real Property Law, a real estate salesperson's license is issued for a term
of how many years ? - correct answer ✔✔2 years
What type of residential real property transfer would require a property condition disclosure statement ?
- correct answer ✔✔Re sale
⭐️ What happens to the licenses of salespersons if their sponsoring broker's license is revoked or
suspended ? - correct answer ✔✔Suspended
⭐️A listing broker for the seller has a buyer client who asks to see the listing . This request could create
which type of agency? - correct answer ✔✔Dual agency
⭐️
A broker's compensation determined in an agreement between the broker and the ? - correct answer
✔✔Principal/ client
What fiduciary duty would be violated when a client suffers a financial loss as a result of an agent's lack
of expertise in dealing with a particular type of property? - correct answer ✔✔Reasonable care
If clients who sign an " exclusive right to sell " listing agreement with a broker find a buyer for the
property on their own , the broker is - correct answer ✔✔Entitled to the originally agreed upon
commission
⭐️ At an open house, Quentin discloses to an interested buyer that he has the right to his own
representation but the buyer refuses. The buyer's relationship to Quentin is as a - correct answer
✔✔Customer
⭐️ The main purpose of the agency disclosure form is to? - correct answer ✔✔Inform customers of the
agency relationship of themselves to a real estate agent and available choices for representation
, What scenario best illustrates the first substantive contact with a prospective buyer ? - correct answer
✔✔An individual meeting with an agent fave to face and discussing a specific property
⭐️ What type of real estate agent is authorized to represent a principal in one specific transaction? -
correct answer ✔✔Special
⭐️
The broker's principal is always the? - correct answer ✔✔Client
⭐️ Suzie Seller has chosen Broker Bovice represent her in the sale of her house. Broker Bovice will
advance and protect Suzie's interest during the sale. What word best describes their relationship -
correct answer ✔✔Fiduciary
⭐️ Which legal right allows an owner of land bordering a river or stream to use that water for
recreational purposes? - correct answer ✔✔Riparian
⭐️ Which form of ownership can only be held by a married couple? - correct answer ✔✔Tenancy by
entirety
⭐️
Which types of estate is recognized by law to be the fullest form of ownership? - correct answer
✔✔Fee simple
What deed provision would prohibit an owner from installing an inground pool ? - correct answer
✔✔Restrictive covenant
What lien has priority over all recorded liens? - correct answer ✔✔A real estate tax lien
⭐️
Who must sign a deed ? - correct answer ✔✔All grantors
What do lenders require as protection against title defects? - correct answer ✔✔Title insurance
correctly answered already passed
According to the New York State Real Property Law, a real estate salesperson's license is issued for a term
of how many years ? - correct answer ✔✔2 years
What type of residential real property transfer would require a property condition disclosure statement ?
- correct answer ✔✔Re sale
⭐️ What happens to the licenses of salespersons if their sponsoring broker's license is revoked or
suspended ? - correct answer ✔✔Suspended
⭐️A listing broker for the seller has a buyer client who asks to see the listing . This request could create
which type of agency? - correct answer ✔✔Dual agency
⭐️
A broker's compensation determined in an agreement between the broker and the ? - correct answer
✔✔Principal/ client
What fiduciary duty would be violated when a client suffers a financial loss as a result of an agent's lack
of expertise in dealing with a particular type of property? - correct answer ✔✔Reasonable care
If clients who sign an " exclusive right to sell " listing agreement with a broker find a buyer for the
property on their own , the broker is - correct answer ✔✔Entitled to the originally agreed upon
commission
⭐️ At an open house, Quentin discloses to an interested buyer that he has the right to his own
representation but the buyer refuses. The buyer's relationship to Quentin is as a - correct answer
✔✔Customer
⭐️ The main purpose of the agency disclosure form is to? - correct answer ✔✔Inform customers of the
agency relationship of themselves to a real estate agent and available choices for representation
, What scenario best illustrates the first substantive contact with a prospective buyer ? - correct answer
✔✔An individual meeting with an agent fave to face and discussing a specific property
⭐️ What type of real estate agent is authorized to represent a principal in one specific transaction? -
correct answer ✔✔Special
⭐️
The broker's principal is always the? - correct answer ✔✔Client
⭐️ Suzie Seller has chosen Broker Bovice represent her in the sale of her house. Broker Bovice will
advance and protect Suzie's interest during the sale. What word best describes their relationship -
correct answer ✔✔Fiduciary
⭐️ Which legal right allows an owner of land bordering a river or stream to use that water for
recreational purposes? - correct answer ✔✔Riparian
⭐️ Which form of ownership can only be held by a married couple? - correct answer ✔✔Tenancy by
entirety
⭐️
Which types of estate is recognized by law to be the fullest form of ownership? - correct answer
✔✔Fee simple
What deed provision would prohibit an owner from installing an inground pool ? - correct answer
✔✔Restrictive covenant
What lien has priority over all recorded liens? - correct answer ✔✔A real estate tax lien
⭐️
Who must sign a deed ? - correct answer ✔✔All grantors
What do lenders require as protection against title defects? - correct answer ✔✔Title insurance
