After-Test Procedures Flashcards
7 cards from real NY REAL ESTATE EXAM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 After-Test Procedures flashcards as text
A NY real estate salesperson who fails to renew their license before it expires must:
Answer: Pay a late fee and may reinstate within 2 years without retesting
NY allows expired licensees to reinstate their license within 2 years of expiration by paying a late renewal fee without retaking the exam.
After receiving a NY real estate license, a salesperson may legally collect a commission from:
Answer: Only their sponsoring broker
Under NY law, a salesperson can only receive commission from their own sponsoring broker, not directly from clients.
The NY DOS sends a renewal notice to a salesperson's address on file. If the salesperson does not receive it, they are:
Answer: Still responsible for renewing on time
Licensees are responsible for tracking their own renewal dates; failure to receive a notice does not excuse late renewal.
When a NY salesperson transfers to a new broker, which of the following must occur?
Answer: Only the new broker files a sponsorship form with DOS
Upon transferring, the new sponsoring broker files a sponsorship form with the DOS; no new license or exam is required.
A NY salesperson's license is currently inactive. They may:
Answer: Perform no real estate activities
An inactive licensee is prohibited from performing any real estate brokerage activities until the license is reactivated with a sponsoring broker.
Which of the following is a required topic in the NY 22.5-hour continuing education curriculum?
Answer: Fair housing and/or discrimination
NY mandates that continuing education include fair housing/discrimination as a required topic within the 22.5-hour requirement.
After a salesperson passes the NY exam and their application is approved, the DOS will:
Answer: Issue the license electronically; a pocket card can be printed
The NY DOS issues licenses electronically through its eAccessNY system; licensees can print their own pocket card.