NY Real Estate Exam NY Real Estate License Law & Regulations

Question 1

What is the minimum age requirement to obtain a real estate salesperson license in New York?

Accepted Answer

18 years old

Answer

21 years old

Answer

16 years old

Answer

25 years old

Question 2

How many hours of pre-licensing education are required for a NY real estate salesperson license?

Accepted Answer

77 hours

Answer

40 hours

Answer

120 hours

Answer

30 hours

Question 3

What is the role of the NY Department of State (DOS) in real estate licensing?

Accepted Answer

To administer real estate licensing exams, issue licenses, enforce regulations, and handle complaints against licensees

Answer

To set real estate prices

Answer

To build affordable housing

Answer

To manage property taxes

Question 4

What is the continuing education requirement for NY real estate salespersons?

Accepted Answer

22.5 hours of continuing education every 2-year renewal cycle

Answer

No continuing education is required

Answer

10 hours per year

Answer

50 hours every 5 years

Question 5

What is Article 12-A of the NY Real Property Law?

Accepted Answer

The primary law governing real estate brokers and salespersons in New York State

Answer

A law about property taxation

Answer

A regulation about building codes

Answer

A statute about eminent domain

Question 6

What is the difference between a real estate broker and a salesperson in NY?

Accepted Answer

A broker can operate independently and employ salespersons; a salesperson must work under a broker's supervision

Answer

They have identical authority

Answer

Salespersons earn higher commissions

Answer

Brokers can only work in commercial real estate