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REVIEW QUESTIONS FOR NY REAL
ESTATE EXAM 2026 QUESTIONS AND
ANSWERS | A+ GRADED | WITH
EXPERT SOLUTIONS
1-A broker legitimately may pay all or part of Real estate
commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead - correct answer --B:
Salesperson can accept compensation only from their sponsoring
broker.
2-The minimum age for a New York real estate broker's license is
a. 19.
b. 18.
c. 20.
d. 21. - correct answer -C. As of July 1,2008 to become a broker
you must be 20 years old.
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3-Which of the following acts would require a real estate license in
New York
a. Sale of one's own property
b. Sale by the owner's lawyer
c. Sale of land by an auctioneer
d. Foreclosure sale by court order - correct answer -C: selling
land at an auction.
4-An associate broker may
a. sponsor a person for a salesperson's license.
b. collect his or her own real estate fees.
c. act as a principal broker for another broker.
d. Work as a salesperson for a principal broker - correct answer -
D: Associate broker is a licensed broker but chooses to work
under the supervision of another broker.
5-Violation of the license law is a misdemeanor, Punishable by up
to a year in jail and a fine of
Up to
a. $500.
b. $2,000.
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c. $1,000.
d. $1,500. - correct answer -C: DOS may impose a fine not to
exceed $1000.
6-When salesperson Tom Jones left ABC Realty And went to
work with XYZ REALTORS,
Tom's listings
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS. -
correct answer -B: When a licensee terminates with a broker they
must turn over all information.
A salesperson's license must be
a. displayed on the firm's wall.
b. kept in the salesperson's wallet
c. retained by the principal broker.
d. d. sent to the local REALTORS association. - correct answer -
C: Kept by the broker in a safe place.
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8-When does offering a client's business for sale Require a real
estate license?
a. Never
b. Always
c. When the business includes any real estate
d. When more than half the value is real estate - correct answer --
D: selling a business where the real estate is greater than the
business.
An apartment information vendor is licensed by:
a. Department of Law
b. New York Attorney General's office
c. Department of State
d. Division of Housing and Community Rental - correct answer -C:
Department of State licenses apartment information vendors....
When a license is revoked, how long must a licensee wait before
applying to have the license reinstated?
a. 18 months
b. 1 year
REVIEW QUESTIONS FOR NY REAL
ESTATE EXAM 2026 QUESTIONS AND
ANSWERS | A+ GRADED | WITH
EXPERT SOLUTIONS
1-A broker legitimately may pay all or part of Real estate
commission to a
a. seller
b. salesperson
c. buyer
d. friend who provides a listing lead - correct answer --B:
Salesperson can accept compensation only from their sponsoring
broker.
2-The minimum age for a New York real estate broker's license is
a. 19.
b. 18.
c. 20.
d. 21. - correct answer -C. As of July 1,2008 to become a broker
you must be 20 years old.
, Page | 2
3-Which of the following acts would require a real estate license in
New York
a. Sale of one's own property
b. Sale by the owner's lawyer
c. Sale of land by an auctioneer
d. Foreclosure sale by court order - correct answer -C: selling
land at an auction.
4-An associate broker may
a. sponsor a person for a salesperson's license.
b. collect his or her own real estate fees.
c. act as a principal broker for another broker.
d. Work as a salesperson for a principal broker - correct answer -
D: Associate broker is a licensed broker but chooses to work
under the supervision of another broker.
5-Violation of the license law is a misdemeanor, Punishable by up
to a year in jail and a fine of
Up to
a. $500.
b. $2,000.
, Page | 3
c. $1,000.
d. $1,500. - correct answer -C: DOS may impose a fine not to
exceed $1000.
6-When salesperson Tom Jones left ABC Realty And went to
work with XYZ REALTORS,
Tom's listings
a. became null and void.
b. Remained with ABC Realty.
c. Went with him to XYZ REALTORS.
d. Required the sellers' signatures to remain in the local MLS. -
correct answer -B: When a licensee terminates with a broker they
must turn over all information.
A salesperson's license must be
a. displayed on the firm's wall.
b. kept in the salesperson's wallet
c. retained by the principal broker.
d. d. sent to the local REALTORS association. - correct answer -
C: Kept by the broker in a safe place.
, Page | 4
8-When does offering a client's business for sale Require a real
estate license?
a. Never
b. Always
c. When the business includes any real estate
d. When more than half the value is real estate - correct answer --
D: selling a business where the real estate is greater than the
business.
An apartment information vendor is licensed by:
a. Department of Law
b. New York Attorney General's office
c. Department of State
d. Division of Housing and Community Rental - correct answer -C:
Department of State licenses apartment information vendors....
When a license is revoked, how long must a licensee wait before
applying to have the license reinstated?
a. 18 months
b. 1 year
