NYC Real Estate exam 2/5/2026
"A" for amps, represents the ________of current available in a Amount
structure
An agreement (written, verbal, or inferred from conduct) among Price Fixing
competitors that raises, lowers, or stabilizes prices or competitive
terms.
An apartment buildings heating system which although is in good Functional
repair, does not meet the needs of the current tenants is considered ?
Are real estate brokers also required to fulfill the Continuing Yes
Education Requirements?
As a licensed salesperson, you can receive compensation from? Sponsoring Broker
As an independent contractor, are you paid for the number of hours Production
you put into a deal or for your production?
As a property agent, I am practicing? General Agency
NYC Real Estate exam Page 1 of 25
,NYC Real Estate exam 2/5/2026
As a real estate licensee, you will more often than not be considered Independent Contractor
what type of contractor?
As a real estate salesperson, I am practicing? Special Agency
As a real estate salesperson, you have to take continuing education 2 years
every ________years.
Attorneys admitted to the bar in NYS are exempt from the licensure True
law, unless they take on salespeople?
At what age can you become a real estate sales person? 18
A banker decides not to lend in a community because of the Redlining
infusion of people of a particular race, religion, or nationality is
know as?
Bent pieces of metal that serve to waterproof a house are called? Flashings
NYC Real Estate exam Page 2 of 25
, NYC Real Estate exam 2/5/2026
A CMA (comparative market analysis) is the same thing as an False
appraisal.
Combining clients funds with personal funds is called? Commingling
Commercial space is often rented out using a Net lease. True
Commingling is a violation of what fiduciary obligation? Accountability
Co-op ownership is what type of an estate? Lease Hold
The details of a blueprint is the? specifications
_____ ____ ___ ____determines the value of an asset in the past, Time Value of Money (TVM)
present, future.
NYC Real Estate exam Page 3 of 25
"A" for amps, represents the ________of current available in a Amount
structure
An agreement (written, verbal, or inferred from conduct) among Price Fixing
competitors that raises, lowers, or stabilizes prices or competitive
terms.
An apartment buildings heating system which although is in good Functional
repair, does not meet the needs of the current tenants is considered ?
Are real estate brokers also required to fulfill the Continuing Yes
Education Requirements?
As a licensed salesperson, you can receive compensation from? Sponsoring Broker
As an independent contractor, are you paid for the number of hours Production
you put into a deal or for your production?
As a property agent, I am practicing? General Agency
NYC Real Estate exam Page 1 of 25
,NYC Real Estate exam 2/5/2026
As a real estate licensee, you will more often than not be considered Independent Contractor
what type of contractor?
As a real estate salesperson, I am practicing? Special Agency
As a real estate salesperson, you have to take continuing education 2 years
every ________years.
Attorneys admitted to the bar in NYS are exempt from the licensure True
law, unless they take on salespeople?
At what age can you become a real estate sales person? 18
A banker decides not to lend in a community because of the Redlining
infusion of people of a particular race, religion, or nationality is
know as?
Bent pieces of metal that serve to waterproof a house are called? Flashings
NYC Real Estate exam Page 2 of 25
, NYC Real Estate exam 2/5/2026
A CMA (comparative market analysis) is the same thing as an False
appraisal.
Combining clients funds with personal funds is called? Commingling
Commercial space is often rented out using a Net lease. True
Commingling is a violation of what fiduciary obligation? Accountability
Co-op ownership is what type of an estate? Lease Hold
The details of a blueprint is the? specifications
_____ ____ ___ ____determines the value of an asset in the past, Time Value of Money (TVM)
present, future.
NYC Real Estate exam Page 3 of 25
