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 real estate salesperson may legally advertise their services under which name?
Answer: The name of their sponsoring broker as it appears on the license
All advertising by a salesperson must include the licensed name of their sponsoring broker as it appears on the broker's license.
Which of the following correctly describes a 'pocket listing' as it relates to NY licensing law?
Answer: Licensees must disclose a seller's written permission to withhold a listing from the MLS
NY licensees may handle pocket listings only with the seller's written authorization to withhold the property from MLS input.
The New York real estate licensing exam is administered by:
Answer: Pearson VUE on behalf of the DOS
The NY real estate licensing exam is administered by Pearson VUE, the contracted testing vendor for the Department of State.
A NY salesperson applicant who fails the licensing exam may retake it:
Answer: After 24 hours, unlimited times within 2 years of course completion
Applicants may retake the NY exam after 24 hours and as many times as needed within 2 years of completing their approved pre-licensing course.
Under New York law, a salesperson who is convicted of a crime must notify the DOS within:
Answer: 30 days
New York licensees must notify the DOS of any criminal conviction within 30 days of the conviction.
When a New York broker dies or becomes incapacitated, the brokerage may continue to operate for up to how long under a temporary license?
Answer: 90 days
The DOS may issue a temporary broker license for up to 90 days to allow the estate or business to wind down or find a replacement broker.
In New York, a licensed salesperson who operates a team must ensure that:
Answer: All team advertising includes the sponsoring broker's name
Regardless of team branding, all team advertising must prominently display the licensed name of the sponsoring broker.