NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
1-A broker legitimately may pay all or part of Real estate commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead
-B: Salesperson can accept compensation only from their sponsoring broker.
...
NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy
Quality Materials
1-A broker legitimately may pay all or part of Real estate commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead
-B: Salesperson can accept compensation only from their sponsoring broker.
2-The minimum age for a New York real estate broker's license is
a. 19.
b. 18.
c. 20.
d. 21.
C. As of July 1,2008 to become a broker you must be 20 years old.
3-Which of the following acts would require a real estate license in New York
a. Sale of one's own property
b. Sale by the owner's lawyer
c. Sale of land by an auctioneer
d. Foreclosure sale by court order
C: selling land at an auction.
4-An associate broker may
a. sponsor a person for a salesperson's license.
b. collect his or her own real estate fees.
c. act as a principal broker for another broker.
d. Work as a salesperson for a principal broker
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
a. $500.
b. $2,000.
c. $1,000.
d. $1,500.
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
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS.
B: When a licensee terminates with a broker they must turn over all information.
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