NY REAL ESTATE EXAM SCRIPT
2026 COMPLETE QUESTIONS AND
ANSWERS VERIFIED SOLUTIONS
◉ "Associate real estate broker" Answer: means a licensed real estate
broker
who shall by choice elect to work under the name and supervision of
another individual broker or another broker who is licensed under a
partnership, trade name, limited liability company or corporation
◉ "Real estate salesperson" Answer: means a person associated with a
licensed real estate broker to list for sale, sell or offer for sale, at auction
or otherwise, to buy or offer to buy or to negotiate the purchase or sale
or exchange of real estate, or to negotiate a loan on real estate other than
a mortgage loan, or to lease or
rent or offer to lease, rent or place for rent any real estate, or collects or
offers or attempts to collect rent for the use of real estate for or in behalf
of such real estate broker
◉ "Tenant relocator" Answer: means any person, firm, corporation,
partnership, limited liability company or any legal entity whatsoever,
which, for another and for a fee, commission or other valuable
consideration, supervises, organizes, arranges, coordinates, handles or is
otherwise in charge of or responsible for the relocation of commercial
,or residential tenants from buildings or structures that are to be
demolished, rehabilitated, remodeled, or otherwise structurally altered.
◉ License required for real estate brokers
and salespersons Answer: broker- 20 years of age or over, a citizen of
the United States or an alien
lawfully admitted for permanent residence in the United States.
salesperson - age of 18 years.
No person shall
be entitled to a license as a real estate broker or real estate salesperson
under this article who has been convicted in this state or elsewhere of a
felony, of a sex offense
◉ listing agreement/ listing contract Answer: The contract stipulates a
number of terms and agreements between the broker and the sellers,
including the price for which the property will be offered and the length
of the listing period.
◉ seller vs buyer loyalty Answer: When the licensee works for the
seller, he or she must remember to impart all important information to
the seller regarding the potential buyer's qualifications and the quality of
the offer being presented.
,When the licensee has a buyer brokerage agreement with a purchaser, he
or she must represent the best interests of the buyer rather than the seller.
◉ NEW YORK DEPARTMENT OF STATE Answer: The DOS is
responsible for the licensure, registration and/or regulation of a number
of occupations, including real estate brokers and salespersons, apartment
information vendors, apartment sharing agents, real estate appraisers and
home inspectors.
The mission of the DOS is threefold:
To protect the health, safety and welfare of consumers.
To provide efficient processing and examination services to license
applicants.
To provide accurate information and qualified licensees to the business
community. The Division of Licensing issues licenses and enforces the
real estate law.
◉ Article 12-A of the New York Real Property Law Answer: gives
authority to the Department of State to regulate real estate brokers and
salespersons. Real Property Law, Section 441-c, allows the Department
of State to revoke, suspend, fine or reprimand a real estate broker or
salesperson if that licensee is found to have:
Violated any provision of Article 12-A of the Real Property Law.
Engaged in fraud or fraudulent practices.
Demonstrated untrustworthiness or incompetence.
, ◉ BOARD OF REAL ESTATE Answer: The New York State Board of
Real Estate shares duties with the Department of State with regard to
real estate license law. Section 442-i of the Real Property Law
established the New York State Board of Real Estate and went into
effect on January 1, 1996.
The Board consists of fifteen members:
The Secretary of State
The Executive Director of the Consumer Protection Board
Thirteen appointed members
The appointed members are either real estate brokers or public members.
A public member cannot be a real estate broker. The members of the
Board are appointed by the Governor and the legislative leaders
according to a specific set of rules.
At least five members of the Board must be real estate brokers. To
qualify, a real estate broker must be currently licensed as a real estate
broker by the State of New York and must have been engaged in the real
estate business in the State of New York for at least ten years prior to the
appointment.
2026 COMPLETE QUESTIONS AND
ANSWERS VERIFIED SOLUTIONS
◉ "Associate real estate broker" Answer: means a licensed real estate
broker
who shall by choice elect to work under the name and supervision of
another individual broker or another broker who is licensed under a
partnership, trade name, limited liability company or corporation
◉ "Real estate salesperson" Answer: means a person associated with a
licensed real estate broker to list for sale, sell or offer for sale, at auction
or otherwise, to buy or offer to buy or to negotiate the purchase or sale
or exchange of real estate, or to negotiate a loan on real estate other than
a mortgage loan, or to lease or
rent or offer to lease, rent or place for rent any real estate, or collects or
offers or attempts to collect rent for the use of real estate for or in behalf
of such real estate broker
◉ "Tenant relocator" Answer: means any person, firm, corporation,
partnership, limited liability company or any legal entity whatsoever,
which, for another and for a fee, commission or other valuable
consideration, supervises, organizes, arranges, coordinates, handles or is
otherwise in charge of or responsible for the relocation of commercial
,or residential tenants from buildings or structures that are to be
demolished, rehabilitated, remodeled, or otherwise structurally altered.
◉ License required for real estate brokers
and salespersons Answer: broker- 20 years of age or over, a citizen of
the United States or an alien
lawfully admitted for permanent residence in the United States.
salesperson - age of 18 years.
No person shall
be entitled to a license as a real estate broker or real estate salesperson
under this article who has been convicted in this state or elsewhere of a
felony, of a sex offense
◉ listing agreement/ listing contract Answer: The contract stipulates a
number of terms and agreements between the broker and the sellers,
including the price for which the property will be offered and the length
of the listing period.
◉ seller vs buyer loyalty Answer: When the licensee works for the
seller, he or she must remember to impart all important information to
the seller regarding the potential buyer's qualifications and the quality of
the offer being presented.
,When the licensee has a buyer brokerage agreement with a purchaser, he
or she must represent the best interests of the buyer rather than the seller.
◉ NEW YORK DEPARTMENT OF STATE Answer: The DOS is
responsible for the licensure, registration and/or regulation of a number
of occupations, including real estate brokers and salespersons, apartment
information vendors, apartment sharing agents, real estate appraisers and
home inspectors.
The mission of the DOS is threefold:
To protect the health, safety and welfare of consumers.
To provide efficient processing and examination services to license
applicants.
To provide accurate information and qualified licensees to the business
community. The Division of Licensing issues licenses and enforces the
real estate law.
◉ Article 12-A of the New York Real Property Law Answer: gives
authority to the Department of State to regulate real estate brokers and
salespersons. Real Property Law, Section 441-c, allows the Department
of State to revoke, suspend, fine or reprimand a real estate broker or
salesperson if that licensee is found to have:
Violated any provision of Article 12-A of the Real Property Law.
Engaged in fraud or fraudulent practices.
Demonstrated untrustworthiness or incompetence.
, ◉ BOARD OF REAL ESTATE Answer: The New York State Board of
Real Estate shares duties with the Department of State with regard to
real estate license law. Section 442-i of the Real Property Law
established the New York State Board of Real Estate and went into
effect on January 1, 1996.
The Board consists of fifteen members:
The Secretary of State
The Executive Director of the Consumer Protection Board
Thirteen appointed members
The appointed members are either real estate brokers or public members.
A public member cannot be a real estate broker. The members of the
Board are appointed by the Governor and the legislative leaders
according to a specific set of rules.
At least five members of the Board must be real estate brokers. To
qualify, a real estate broker must be currently licensed as a real estate
broker by the State of New York and must have been engaged in the real
estate business in the State of New York for at least ten years prior to the
appointment.
