NY Real Estate Exam After-Test Procedures 3

Question 1

What is the standard license term for a NY real estate salesperson license once it is issued?

Accepted Answer

2 years

Answer

1 year

Answer

3 years

Answer

4 years

Question 2

How many continuing education hours must a NY salesperson complete upon FIRST renewal of their license?

Accepted Answer

22.5 hours

Answer

11 hours

Answer

22 hours

Answer

15 hours

Question 3

A salesperson's NY license expires while they are between brokers. What is the status of their license?

Accepted Answer

Inactive

Answer

Suspended

Answer

Active but restricted

Answer

Automatically revoked

Question 4

A NY salesperson changes their home address. They must notify the Department of State within:

Accepted Answer

30 days

Answer

10 days

Answer

60 days

Answer

90 days

Question 5

The NY DOS discovers a licensee submitted false information on their license application. The most likely consequence is:

Accepted Answer

Revocation or denial of the license

Answer

A written warning

Answer

A fine of $100

Answer

Mandatory additional education hours

Question 6

After passing the NY real estate exam, which document is NOT required as part of the license application?

Accepted Answer

Proof of errors & omissions insurance

Answer

Proof of 77-hour pre-licensing course completion

Answer

Exam passing score report

Answer

Completed DOS application form

Question 7

Which NY state agency has authority to discipline a real estate licensee after they receive their license?

Accepted Answer

The Department of State, Division of Licensing Services

Answer

The NY State Board of Realtors

Answer

The Department of Financial Services

Answer

The Attorney General's Office