NYS REAL ESTATE U FINAL (2 VERSIONS) NEWEST
2025 COMPLETE 150 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
A person associated with a licensed real estate broker
to list for sale, sell or offer for sale, to buy or offer to
buy or to negotiate the purchase or sale or exchange of
real estate, or to lease or rent or offer to lease, rent or
place for rent any real estate of such real estate broker
is known as a___ - .....ANSWER ...✔✔ Real Estate
Salesperson
Any person who engages in the business of claiming,
demanding, charging, receiving, collecting, or
contracting for the collection of, a fee from a customer
for furnishing information concerning the location and
availability of real property, including apartment
housing, which may be leased, rented, shared or sublet
as a private dwelling, abode, or place of residence is
known as a___ - .....ANSWER ...✔✔ Apartment
Information Vendor
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A licensed real estate broker that holds the license of a
salesperson is known as a___ - .....ANSWER ...✔✔
Sponsor
A practitioner who has the knowledge and expertise
necessary to estimate the value of an asset, or the
likelihood of an event occurring, and the cost of such
an occurrence is known as a___ - .....ANSWER ...✔✔
Real Estate Appraiser
A licensed real estate broker who shall by choice elect
to work under the name and supervision of another
individual broker or another broker who is licensed
under a partnership, trade name, LLC or corporation is
known as a___ - .....ANSWER ...✔✔ Associate Real
Estate Broker
1. Payment by a broker of any part of compensation to
a real estate transaction to anyone who is not licensed
or who is not exempt from the license law is known as
a___ - .....ANSWER ...✔✔ kickback
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An act, deed or conditions contrary to law or
permissible use of real property is known as a___ -
.....ANSWER ...✔✔ violation
A crime punishable by up to a year in prison and/or a
$1,000 fine is known as a___ - .....ANSWER ...✔✔
Misdemeanor
An ad that remains anonymous as to who is advertising
is known as a___ - .....ANSWER ...✔✔ Blind Ad
To mingle or mix, for example, a client's funds in the
broker's personal or general account is known as___ -
.....ANSWER ...✔✔ Commingling
Any person who, for a fee, arranges, conducts,
coordinates, handles, or causes meetings between a
customer and the current owner or occupant of legally
occupied real property, including apartment housing,
who wishes to share that housing with one or more
individuals is known as a/an...? - .....ANSWER ...✔✔
Apartment Information Vendor
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2years - .....ANSWER ...✔✔ How often must a real
estate salesperson renew his/her license...?
Researching properties on behalf of another -
.....ANSWER ...✔✔ Which of the following actions
does NOT require a real estate license, according to
Article 12-A of the NYS Real Property Law...?
He must be at least 20 years of age - .....ANSWER
...✔✔ Mark is a real estate salesperson but wants to
obtain his real estate broker's license. Which of the
following requirements must Mark satisfy in order to
obtain his broker's license...?
Negotiating a commercial loan secured by a mortgage
on behalf of another - .....ANSWER ...✔✔ According
to Article 12-A of the NYS Real Property Law, which of
the following actions requires a real estate license...?
Must have at least a work permit - .....ANSWER
...✔✔ James wants to become a real estate
salesperson. Which of the following requirements must
James satisfy in order to obtain his license...?