Licensing Requirements 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 Licensing Requirements flashcards as text
A New York salesperson license is valid for how many years before renewal is required?
Answer: 2 years
New York real estate salesperson licenses are issued for a 2-year term and must be renewed before expiration.
How many hours of continuing education must a New York salesperson complete to renew their license?
Answer: 22.5 hours
New York salespersons must complete 22.5 hours of approved continuing education every two-year renewal cycle.
Under New York law, which entity has authority to suspend or revoke a real estate license?
Answer: The New York Department of State
The New York Department of State, through the Division of Licensing Services, has authority to discipline licensees including suspension and revocation.
A NY real estate salesperson who wishes to change sponsoring brokers must:
Answer: Notify the DOS and have the new broker file a transfer
A salesperson must have their new sponsoring broker notify the Department of State to officially transfer the license.
Which of the following is NOT a requirement to obtain a New York real estate salesperson license?
Answer: Be a U.S. citizen
U.S. citizenship is not required; applicants need only be lawfully authorized to work in the United States.
A New York broker license requires how many hours of pre-licensing education?
Answer: 150 hours
Applicants for a New York broker license must complete 120 hours of approved broker pre-licensing education.
In New York, a real estate salesperson may accept a commission from:
Answer: Only their sponsoring broker
A salesperson can only receive compensation from their sponsoring broker, never directly from a client or another broker.