Exam (elaborations)
NYS Real Estate Salesperson License Questions with Solutions
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NYS Real Estate Salesperson License
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NYS Real Estate Salesperson License -Chapter 1
Real Estate Broker - answer Person, partnership, association, or corp who negotiates
real estate transactions for compensation of any kind
Associate Real Estate Broker - answer Licensed real estate broker who performs acts
of a broker but chooses to work and under name and supervision of a licensed broker
who is his sponsor. Cannot work independently.
Article 12-A – answer NY Real Property Law pertaining to real estate salespersons and
brokers.
Applicants must have a fair knowledge of English.
Applicants for a broker license can be U.S. citizens or lawfully admitted permanent
residents.
Convicted felons - answer Must have a Executive Pardon, Certificate of Good Conduct,
or a Certificate of Relief from Disabilities
Misdemeanor - answerCrime punishable by up to a year in prison and/or a $1000.00
fine.
Sex offenders - answerCannot hold a real estate license unless he/she has an
Executive Pardon
Certificate of Relief
Must submit a certified copy of JUDGEMENT OF CONVICTION to the DOS within 5
days.
Broker Applicant - answer20 years old
Salesperson Applicant - answer18 years old
Salesperson Requirements - answerComplete the New York State-approved 75 hour
qualifying course
Pass the New York licensure requirements
Obtain broker sponsorship
, Broker Requirements - answerComplete 120 hours approved qualifying education
75 hour salesperson-qualifying course
45 hour broker-qualifying course
Salesperson/Broker - answerAre not required to have a HS diploma
Salesperson CONTINUING EDUCATION - answer22.5 hours every 2 years
Broker CONTINUING EDUCATION - answer22.5 hours every 2 years
Salesperson Experience - answerNone
Broker Experience - answer2 years as a salesperson
or
3-year equivalent
Salesperson Fee and term of licensure - answer$50 every 2 years
Broker Fee and term of licensure - answer$150 every 2 years
A salesperson needs - answerBroker sponsorship
Exemptions to Licensure - answerAttorneys admitted to practice in the NY courts
Public officers - while performing official duties
Persons under judgement or order of a court
ex: trustees in
bankruptcy, guardians, administrators, executors
Tenants association and non profit corporations
Building superintendents and maintenance workers
Pocket Card - answerWhen DOS approves a license, it issues a license card. It your
photo and specifies your name and business address.
Pocket Card - answerYou must carry it at all times when doing business. If it is lost or
destroyed, the DOS will issue a duplicate card for $10.00.
Name Change Salesperson - answer$50 with paper application
Name Change Broker/Company Broker - answer$150 with paper application
Company Name Change
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