NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
How many members does the Governor appoint to the Board of Real Estate?
3 brokers and 4 public members
In order to become a licensed salesperson in New York, a candidate must _________successfully.
complete the 77-hour pre-li...
NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy
Quality Materials
How many members does the Governor appoint to the Board of Real Estate?
3 brokers and 4 public members
In order to become a licensed salesperson in New York, a candidate must
_________successfully.
complete the 77-hour pre-license course
How will an examinee know what percent of the exam questions he or she
answered correctly?
The percentage score is not given to the examinee.
For what are members of the Board compensated?
Expense reimbursements
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.
associate
Which of the following does NOT appoint members to the Board?
Secretary of State
New York has established a point system to help determine the experience a
Broker candidate needs. A total of_________ points and the equivalent to two
years of full-time experience for broker candidates.
3500
Which of the following is NOT one of the real estate broker license types?
Salesperson
Which of the following real estate licenses has a fee of $185?
Broker and Associate Broker
Associate brokers may receive commission payments from
Sponsoring broker
In New York the real estate examinee must correctly answer at least
______percent of the questions to pass the exam.
70
Which of the following is a requirement for becoming a licensed real estate
broker in NY?
Demonstrate fair knowledge of the English language
A real estate salesperson works on behalf of a licensed real estate broker to
perform any of the following duties associated with real estate transactions
except?
Collect commissions
How many members are on the Board of Real Estate?
15
How many points are given for 3 years of certain types of real estate activities?
5,250
Passed exam results are only valid for a period of ____ years.
two
, When does the broker receive his or her commission for listing and selling a
property?
When the transaction is settled.
A real estate transaction can be described as having four stages, including all of
the following except?
Administering and enforcing the provisions of Article 78-A.
The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or
her commission is called?
Settling the transaction.
How many members of the NYS Board of Real Estate must be real estate
brokers?
5
Associate brokers may receive commission payments from
Sponsoring broker
Which of the following real estate licenses has a fee of $65?
Salesperson
A listing contract gives the broker the authority to
Market the property.
A__________________ broker conducts business as a sole proprietorship, doing
business under a name other than his or her personal name.
Trade Name
A broker must keep records of transactions on file for how long?
Three years
Mortgage banker licenses are issued by which entity?
NYS Department of Financial Services
The fee for changing a broker's name or status is ______, except if the change is
made on the renewal application.
$185
Failure to notify the Department of State of a change of business address is
grounds for which of the following?
Suspension
If a broker changes his or her business address,
The broker must pay a $10 change of address filing fee to the DOS for each licensee
affiliated with the broker.
No renewal license will be issued to any licensee unless
the licensee has completed 22 ½ hours of continuing education
Licensee Tim forgot to renew his license within the extended two-year period. He
can qualify by:
retaking and passing the written examination.
Licensees must carry their_________________ with them and show them on
demand.
pocket cards
Of the 22.5 hours of continuing education, the topic of fair housing and/or
discrimination in the sale or rental of real property must be at least how many
hours?
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