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New York Real Estate Licensing Exam- 100 Updated Question and Answers [Expert Solutions] 2025/2026 £7.46
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New York Real Estate Licensing Exam- 100 Updated Question and Answers [Expert Solutions] 2025/2026

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New York Real Estate Licensing Exam- 100 Updated Question and Answers [Expert Solutions] 2025/2026 What is required to obtain a real estate license in New York? A) Complete a 50-hour pre-licensing course B) Complete a 100-hour pre-licensing course C) Complete a 75-hour pre-licensi...

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  • December 8, 2024
  • 35
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • new york real estate licensing exam 100 updated

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  • Real Estate
  • Real Estate

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New York Real Estate Licensing Exam-
100 Updated Question and Answers
[Expert Solutions] 2025/2026
What is required to obtain a real estate license in New York?

A) Complete a 50-hour pre-licensing course

B) Complete a 100-hour pre-licensing course

C) Complete a 75-hour pre-licensing course

D) Complete a 75-hour pre-licensing course



What is the minimum age required to become a real estate agent in New York?

A) 21 years old

B) 18 years old

C) 20 years old

D) 19 years old



Which of the following is a fiduciary duty of a real estate agent?

A) Disclosure of all offers to the seller

B) Honesty in advertising properties

C) Loyalty to the client

D) Confidentiality



Who enforces real estate license laws in New York State?

A) The Federal Government

B) The Department of State (DOS)

C) The New York State Attorney General

D) The Real Estate Board of New York



1

,A real estate salesperson’s commission is typically paid by:

A) The broker with whom the salesperson is associated

B) The client directly

C) The buyer

D) The state



Which of the following is a real estate broker's responsibility to their clients?

A) To disclose all offers to competitors

B) To recommend the lowest price for property sale

C) To protect the best interests of the client

D) To handle all negotiations for the seller



Which of the following must be disclosed by a seller to a prospective buyer?

A) Previous owners of the property

B) Known material defects on the property

C) The price the seller originally paid

D) Neighbor’s personal information



What is a listing agreement?

A) A contract to sell the property

B) An agreement to allow a broker to sell the property

C) A financing agreement with the bank

D) A contract to purchase the property



Which of the following is an example of an exclusive agency listing?

A) The seller is bound to sell only with one broker

B) The seller agrees to sell with multiple brokers but pays the broker who finds a buyer

C) The seller can list with multiple brokers but owes commission only to the broker who brings a
buyer

2

,D) The broker has the right to sell but does not guarantee a commission



When must a real estate broker provide a written disclosure to a buyer or seller regarding agency
representation?

A) After the first negotiation

B) After the property inspection

C) After closing the deal

D) Before any discussions about the specific property



A seller agrees to sell their property for a fixed price and pays a broker commission upon closing. This is
an example of which type of listing agreement?

A) An open listing

B) A net listing

C) An exclusive right to sell agreement

D) A multiple listing agreement



Which of the following is a violation of fair housing laws?

A) Refusing to rent to a family with children under 18

B) Selling a property to a married couple

C) Denying rental to someone based on credit score

D) Renting to someone with a criminal background



What type of lease allows a tenant to lease property for a fixed period but may be terminated earlier by
either party?

A) A lease with an option to buy

B) A ten-year lease

C) A periodic tenancy

D) A fixed-term lease



In a dual agency situation, what must happen?

3

, A) The broker must represent the buyer

B) The broker must represent the seller

C) Both parties must be disclosed in the agreement

D) Both parties must give written consent



What is the purpose of a property title search?

A) To confirm that the title is free from liens or other encumbrances

B) To evaluate the property’s market value

C) To verify the seller’s personal information

D) To ensure that property taxes have been paid



Which of the following is not an example of a government lien?

A) Property tax lien

B) Federal income tax lien

C) Mechanic's lien

D) Mortgage lien



Which type of deed is most commonly used in residential real estate transactions?

A) Warranty deed

B) Quitclaim deed

C) Bargain and sale deed

D) Deed of trust



What does the Homeowners Protection Act do?

A) Provides protection against property theft

B) Eliminates property taxes for homeowners

C) Allows homeowners to deduct mortgage interest from taxes

D) Eliminates private mortgage insurance (PMI) when 20% equity is reached


4

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