NY Real Estate License Exam
Questions and Answers 100%
PASS
Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate broker?
A) NY Real Property Law, Article 13
B) NY Real Property Law, Section 442-a
C) NY Real Property Law, Section 441-c
D) NY Real Property Law, Article 15-A—ANSWER---C) NY Real Property Law, Section 441-c
How many members of the NYS Board of Real Estate must be real estate brokers?
A) 5
B) 7
C) All
D) None—ANSWER---A) 5
What are the experience requirements for a broker candidate?
,A) One full year of experience as a licensed salesperson OR two years of equivalent
experience in some other aspect of real estate
B) Two full years of experience as a licensed salesperson AND three years of equivalent
experience in some other aspect of real estate
C) One full year of experience as a licensed salesperson AND two years of equivalent
experience in some other aspect of real estate
D) Two full years of experience as a licensed salesperson OR three years of equivalent
experience in some other aspect of real estate—ANSWER---D) Two full years of experience
as a licensed salesperson OR three years of equivalent experience in some other aspect of
real estate
Which of the following real estate licenses has a fee of $185?
A) Salesperson
B) Broker and Associate Broker
C) Foreign
D) Branch Office—ANSWER---B) Broker and Associate Broker
How much is the fee charged by the DOS for an associate broker license?
A) $50
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
,B) $185
C) $15
D) No fee is charged—ANSWER---B) $185
The final step of the real estate transaction is
A) Accepting the offer.
B) Paying the purchase price.
C) Closing.
D) Clearing the title.—ANSWER---C) Closing.
How will an examinee know what percent of the exam questions he or she answered
correctly?
A) The percentage score will be mailed to the examinee within 15 days of the exam.
B) The percentage score will available online only for those examinees who fail the exam.
C) The percentage score is not given to the examinee.
D) The percentage score will be mailed to the examinee for a $25 fee.—ANSWER---C) The
percentage score is not given to the examinee.
, Examination results are reported as either passed or failed with the numeric percentage
score not given to the examinee.
A real estate transaction has four stages. Which of the following is NOT one of those stages?
A) Listing the property
B) Marketing the property
C) Negotiating the purchase contract
D) Settling the transaction—ANSWER---B) Marketing the property
The four stages of a real estate transaction include listing the property, negotiating the
purchase contract, financing the purchase, and settling the transaction.
The final step of the real estate transaction when the buyer gets the deed to the property,
the seller gets the proceeds from the sale, and the broker gets his or her commission is
called?
A) Settling the transaction.
B) Negotiating the purchase contract.
C) Financing the purchase.
D) Listing the property.—ANSWER---A) Settling the transaction.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
Questions and Answers 100%
PASS
Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate broker?
A) NY Real Property Law, Article 13
B) NY Real Property Law, Section 442-a
C) NY Real Property Law, Section 441-c
D) NY Real Property Law, Article 15-A—ANSWER---C) NY Real Property Law, Section 441-c
How many members of the NYS Board of Real Estate must be real estate brokers?
A) 5
B) 7
C) All
D) None—ANSWER---A) 5
What are the experience requirements for a broker candidate?
,A) One full year of experience as a licensed salesperson OR two years of equivalent
experience in some other aspect of real estate
B) Two full years of experience as a licensed salesperson AND three years of equivalent
experience in some other aspect of real estate
C) One full year of experience as a licensed salesperson AND two years of equivalent
experience in some other aspect of real estate
D) Two full years of experience as a licensed salesperson OR three years of equivalent
experience in some other aspect of real estate—ANSWER---D) Two full years of experience
as a licensed salesperson OR three years of equivalent experience in some other aspect of
real estate
Which of the following real estate licenses has a fee of $185?
A) Salesperson
B) Broker and Associate Broker
C) Foreign
D) Branch Office—ANSWER---B) Broker and Associate Broker
How much is the fee charged by the DOS for an associate broker license?
A) $50
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
,B) $185
C) $15
D) No fee is charged—ANSWER---B) $185
The final step of the real estate transaction is
A) Accepting the offer.
B) Paying the purchase price.
C) Closing.
D) Clearing the title.—ANSWER---C) Closing.
How will an examinee know what percent of the exam questions he or she answered
correctly?
A) The percentage score will be mailed to the examinee within 15 days of the exam.
B) The percentage score will available online only for those examinees who fail the exam.
C) The percentage score is not given to the examinee.
D) The percentage score will be mailed to the examinee for a $25 fee.—ANSWER---C) The
percentage score is not given to the examinee.
, Examination results are reported as either passed or failed with the numeric percentage
score not given to the examinee.
A real estate transaction has four stages. Which of the following is NOT one of those stages?
A) Listing the property
B) Marketing the property
C) Negotiating the purchase contract
D) Settling the transaction—ANSWER---B) Marketing the property
The four stages of a real estate transaction include listing the property, negotiating the
purchase contract, financing the purchase, and settling the transaction.
The final step of the real estate transaction when the buyer gets the deed to the property,
the seller gets the proceeds from the sale, and the broker gets his or her commission is
called?
A) Settling the transaction.
B) Negotiating the purchase contract.
C) Financing the purchase.
D) Listing the property.—ANSWER---A) Settling the transaction.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
