NY REAL ESTATE EXAM Study Guide 2026
Everything you need to pass the NY REAL ESTATE EXAM exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 NY REAL ESTATE EXAM Exam Format at a Glance
📚 NY REAL ESTATE EXAM Topics to Study (39)
✍️ Sample NY REAL ESTATE EXAM Questions & Answers
1. The New York DOS may refuse to issue or renew a real estate license on the grounds of:
The DOS can deny a license application or renewal if the applicant has demonstrated untrustworthiness, dishonesty, or incompetence.
2. What is the standard contract contingency period in NY residential transactions?
NY contracts are heavily customized by attorneys. Mortgage contingencies typically allow 30-60 days for loan approval. Inspection contingencies, if included, are also negotiated rather than standardized.
3. Under the New York Property Condition Disclosure Act, what is the financial penalty a seller may pay instead of completing the disclosure statement?
A seller who fails to deliver the required Property Condition Disclosure Statement must give the buyer a $500 credit at closing.
4. In New York, the transfer of a leasehold interest from the original tenant to a third party for the entire remaining lease term is called a/an:
An assignment transfers the tenant's entire remaining interest in the lease to a new party, making the assignee directly responsible to the landlord.
5. Under RESPA, a lender must provide the borrower with a Loan Estimate within how many business days of receiving a complete loan application?
RESPA (Regulation X) requires lenders to deliver or mail the Loan Estimate no later than three business days after receiving a complete application.
6. Which online system is used to register for the New York Real Estate Salesperson Exam?
The eAccessNY online system is the official platform used by the New York Department of State for various professional licensing services, including registering for and managing real estate salesperson exams and licenses. It serves as the central hub for applicants to interact with the licensing authority.