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
What is the minimum experience requirement for a New York salesperson applying for a broker license?
Answer: 2 years as an active salesperson within the past 5 years
Applicants for a NY broker license must have at least 2 years of experience as a licensed salesperson within the preceding 5 years.
Which of the following individuals is EXEMPT from NY real estate licensing requirements?
Answer: An attorney acting on behalf of their client in a real estate transaction
Attorneys acting on behalf of a client in the ordinary course of practicing law are exempt from real estate licensing requirements in New York.
A New York real estate license applicant who has been convicted of a felony:
Answer: Must disclose the conviction; the DOS will consider it on a case-by-case basis
The DOS reviews felony convictions on a case-by-case basis, considering factors such as the nature of the crime and rehabilitation.
Under New York law, an associate broker differs from a salesperson in that an associate broker:
Answer: Has met broker qualifications but chooses to work under a broker
An associate broker has fulfilled all broker requirements but works under a sponsoring broker rather than operating independently.
A New York real estate license that has expired can be reinstated within how many years without retaking the exam?
Answer: 2 years
A lapsed New York real estate license may be reinstated within 2 years of expiration without requiring the applicant to retake the licensing examination.
Which statement about a New York real estate broker's license is TRUE?
Answer: A broker's license is valid for 2 years
New York broker licenses are valid for a 2-year term and must be renewed with the required continuing education.
A New York real estate salesperson's license is INACTIVE when:
Answer: The licensee is not associated with a sponsoring broker
A salesperson's license becomes inactive whenever they are not affiliated with a licensed sponsoring broker.