Page | 1
REAL ESTATE U FINAL EXAM 2026
QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
Article 12-A of the NYS Real Property Law - The section of the
New York Real Property Law
pertaining to real estate salespersons and brokers.
- Primary purpose is to "Protect the Public"
- Requires a salesperson to be at least 18 years of age
- Requires a broker to be at least 20 years of age
Sponsor - A licensed real estate broker that holds the license of a
salesperson.
"Summary of Your Submission" - Obtained after your register for
the New York State
Salesperson exam using eAccessNY. You must bring this with
you when taking the State exam.
, Page | 2
Misdemeanor - A crime punishable by up to a year in prison
and/or a $1,000 fine.
Listing Agreement - An employment contract between principal
and agent, authorizing the
agent to perform services for the principle involving the latter's
property.
Pocket Card - A card issued by the Department of State to each
licensee which contains the
photo, name and business address of the licensee, and, in the
case of a real estate
salesperson, the name and business address of the broker with
whom he or she is associated
and shall certify that the person whose name appears thereon is a
licensed real estate broker or
salesperson.
- Must be carried by the agent at all times when serving as a
salesperson.
Fiduciary - A person who on behalf of or for the benefit of another
transacts business or
, Page | 3
handles money or property not the person's own; such
relationship implies great confidence and
trust.
OLD CAR - - Obedience
- Loyalty
- Disclosure
- Confidentiality
- Accountability
- Reasonable Care
Disclosure Regarding Real Estate Agency Relationships Form - A
written explanation, to
be signed by a prospective buyer or seller of real estate,
explaining to the client the role that the
broker plays in the transaction.
- First document to be submitted to all prospective clients
Exclusive Agency - An agreement of employment of a broker to
the exclusion of all other
REAL ESTATE U FINAL EXAM 2026
QUESTIONS AND ANSWERS | A+
GRADED | WITH EXPERT SOLUTIONS
Article 12-A of the NYS Real Property Law - The section of the
New York Real Property Law
pertaining to real estate salespersons and brokers.
- Primary purpose is to "Protect the Public"
- Requires a salesperson to be at least 18 years of age
- Requires a broker to be at least 20 years of age
Sponsor - A licensed real estate broker that holds the license of a
salesperson.
"Summary of Your Submission" - Obtained after your register for
the New York State
Salesperson exam using eAccessNY. You must bring this with
you when taking the State exam.
, Page | 2
Misdemeanor - A crime punishable by up to a year in prison
and/or a $1,000 fine.
Listing Agreement - An employment contract between principal
and agent, authorizing the
agent to perform services for the principle involving the latter's
property.
Pocket Card - A card issued by the Department of State to each
licensee which contains the
photo, name and business address of the licensee, and, in the
case of a real estate
salesperson, the name and business address of the broker with
whom he or she is associated
and shall certify that the person whose name appears thereon is a
licensed real estate broker or
salesperson.
- Must be carried by the agent at all times when serving as a
salesperson.
Fiduciary - A person who on behalf of or for the benefit of another
transacts business or
, Page | 3
handles money or property not the person's own; such
relationship implies great confidence and
trust.
OLD CAR - - Obedience
- Loyalty
- Disclosure
- Confidentiality
- Accountability
- Reasonable Care
Disclosure Regarding Real Estate Agency Relationships Form - A
written explanation, to
be signed by a prospective buyer or seller of real estate,
explaining to the client the role that the
broker plays in the transaction.
- First document to be submitted to all prospective clients
Exclusive Agency - An agreement of employment of a broker to
the exclusion of all other
