NY REAL ESTATE Actual Exam Test Bank Newest Complete 100 Questions And Correct Detailed

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NY REAL ESTATE Actual Exam Test Bank Newest 2025/2026 Complete 100 Questions And Correct Detailed Answers (Verified Answers) |Already Graded A+||Brand New Version!!

1-A broker legitimately may pay all or part of Real estate commission to a

• seller
• salesperson
• buyer

d. friend who provides a listing lead - ANSWER--B:

Salesperson can accept compensation only from their sponsoring broker.

2-The minimum age for a New York real estate broker's license is

• 19.
• 18.
• 20.
• - ANSWER-C. As of July 1,2008 to become a broker you

must be 20 years old.

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3-Which of the following acts would require a real estate license in New York

• Sale of one's own property
• Sale by the owner's lawyer
• Sale of land by an auctioneer

d. Foreclosure sale by court order - ANSWER-C: selling land at

an auction.

4-An associate broker may

• sponsor a person for a salesperson's license.
• collect his or her own real estate fees.
• act as a principal broker for another broker.

d. Work as a salesperson for a principal broker - ANSWER-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

• $500. 2 / 4

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• $2,000.
• $1,000.

d. $1,500. - ANSWER-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

• became null and void.
• Remained with ABC Realty.
• Went with him to XYZ REALTORS.
• Required the sellers' signatures to remain in the local MLS. -

ANSWER-B: When a licensee terminates with a broker they

must turn over all information.

A salesperson's license must be

• displayed on the firm's wall.
• kept in the salesperson's wallet
• retained by the principal broker. 3 / 4

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d. d. sent to the local REALTORS association. - ANSWER-C:

Kept by the broker in a safe place.

8-When does offering a client's business for sale Require a real estate license?

• Never
• Always
• When the business includes any real estate

d. When more than half the value is real estate - ANSWER--D:

selling a business where the real estate is greater than the business.

An apartment information vendor is licensed by:

• Department of Law
• New York Attorney General's office
• Department of State

d. Division of Housing and Community Rental - ANSWER-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?

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