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

New York requires real estate salesperson applicants to be at least 18 years of age, complete the 77-hour qualifying course, pass the state exam, and be sponsored by a licensed broker.

Question 2

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

Accepted Answer

77 hours

Answer

New York requires 77 hours of qualifying education from an approved school, covering topics including license law, real estate instruments, human rights law, and fair housing.

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

The Division of Licensing Services within the NY DOS oversees real estate licensing, including exam administration, license issuance and renewal, investigation of complaints, and enforcement of the Real Property Law.

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

NY requires 22.5 hours of continuing education during each 2-year license renewal period, including specific topics like fair housing, agency law, ethics, and legal updates.

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

Article 12-A establishes the licensing requirements, defines broker and salesperson duties, sets commission rules, outlines prohibited conduct, and provides enforcement mechanisms for real estate practitioners in New York.

(NY Real Estate Exam) New York Real Estate Exam Practice Test

(NY Real Estate Exam) New York Real Estate Exam Practice Test

NY Real Estate Exam NY Real Estate License Law & Regulations