NY Real Estate Exam Licensing Requirements 2 — Questions and Answers
Question 1: A New York salesperson license is valid for how many years before renewal is required?
- 1 year
- 2 years (Correct answer)
- 3 years
- 4 years
Correct answer: 2 years
New York real estate salesperson licenses are issued for a 2-year term and must be renewed before expiration.
Question 2: How many hours of continuing education must a New York salesperson complete to renew their license?
- 11 hours
- 22.5 hours (Correct answer)
- 30 hours
- 45 hours
Correct answer: 22.5 hours
New York salespersons must complete 22.5 hours of approved continuing education every two-year renewal cycle.
Question 3: Under New York law, which entity has authority to suspend or revoke a real estate license?
- The local Board of Realtors
- The New York Department of State (Correct answer)
- The State Attorney General
- The Federal Trade Commission
Correct answer: The New York Department of State
The New York Department of State, through the Division of Licensing Services, has authority to discipline licensees including suspension and revocation.
Question 4: A NY real estate salesperson who wishes to change sponsoring brokers must:
- Simply begin working at the new brokerage immediately
- Notify the DOS and have the new broker file a transfer (Correct answer)
- Retake the licensing exam
- Wait 90 days before transferring
Correct answer: Notify the DOS and have the new broker file a transfer
A salesperson must have their new sponsoring broker notify the Department of State to officially transfer the license.
Question 5: Which of the following is NOT a requirement to obtain a New York real estate salesperson license?
- Be at least 18 years old
- Complete 77 hours of approved pre-licensing education
- Be a U.S. citizen (Correct answer)
- Pass the state licensing examination
Correct answer: Be a U.S. citizen
U.S. citizenship is not required; applicants need only be lawfully authorized to work in the United States.
Question 6: A New York broker license requires how many hours of pre-licensing education?
- 77 hours
- 120 hours
- 150 hours (Correct answer)
- 45 hours
Correct answer: 150 hours
Applicants for a New York broker license must complete 120 hours of approved broker pre-licensing education.
Question 7: In New York, a real estate salesperson may accept a commission from:
- Any client they personally served
- The public directly
- Only their sponsoring broker (Correct answer)
- Any licensed broker in the state
Correct answer: Only their sponsoring broker
A salesperson can only receive compensation from their sponsoring broker, never directly from a client or another broker.
NY Real Estate Exam Licensing Requirements 2
A New York salesperson license is valid for how many years before renewal is required?