New York PI Exam Prep | 200 Questions with 100% Correct
Answers | Verified 2026/2027 | ASSURED SUCCESS
Who regulates PI's in NY? - correct answer -The Department of State, Division of Licensing
What type of crime is operating as a PI without a license? - correct answer -Class B Misdemeanor
A corporation's PI license can be revoked if ___% or more of the corporate stock is held by a person who
cannot meet the character standard set for an individual PI license. - correct answer -10
Who has the power to enforce the provisions of the PI licensing law? - correct answer -The Secretary of
State
Is a licensee obliged to supply their books or records to the State upon State Request? - correct answer
-Yes
What is the term of a PI license? - correct answer -2 years
What is the cost of an Individual PI license? - correct answer -$400
What is the cost of a Corporate PI license? - correct answer -$500
Is a PI required to be bonded? - correct answer -yes
Is a PI required to be insured? - correct answer -No
What is the surety bond required of a PI? - correct answer -$10,000
,If a NY PI license is to be issued to a non-resident, what must the applicant file a written consent to? -
correct answer -Consent to the jurisdiction of the courts of NY in any case or cases arising from PI
services within NY state
No PI license shall be issued to a person under the age of ___. - correct answer -25
What is the fee to take the exam that you need to pass to qualify for a PI application? - correct answer
-$15
Can a NY PI license be issued to a person convicted of a felony? - correct answer -No
Are there any misdemeanor convictions that will not allow a person to be issued a NY PI license? -
correct answer -Yes
Are a list of the applicant names and business addresses of all pending PI applications posted for public
view? - correct answer -Yes
Are a list of PI licenses that had been either issued or revoked the prior week posted for public view? -
correct answer -Yes
Can a NY PI licensee simultaneously hold an employment agency license? - correct answer -No
To change the name on a PI license, the cost is ___ - correct answer -$150
To change the address on a PI license, the cost is ___ - correct answer -$10
How must the issued PI license certificate be displayed? - correct answer -Posted up and at all times
displayed in a conspicuous place for which it was issued, so that all persons visiting such place may
readily see it.
, Every license certificate shall be surrendered to the Department of Stat within ____ hours after its terms
shall have expired or after notice in writing to the holder that such license has been revoked. - correct
answer -72
Failure to surrender the license certificate within the required hours is what type of crime? - correct
answer -Misdemeanor
What is the cost for the replacement of an unexpired PI license certificate or an unexpired pocket card?
- correct answer -$10
What are the restrictions on the replacement of an unexpired PI license certificate or an unexpired
pocket card? - correct answer -If lost or destroyed without fault on the part of the holder.
When should a NY PI file a PI license renewal application? - correct answer -6 weeks before the
expiration date of the PI license
What is the cost to renew an Individual PI license? - correct answer -$400
What is the cost to renew a Corporation PI license? - correct answer -$500
If late to renew a PI license, what is the late filing fee amount? - correct answer -$100
In no event will PI license renewal be granted more than ___ months after the date of expiration of a PI
license. - correct answer -6
What, besides the PI license renewal fee, must accompany the PI license renewal fee? - correct answer
-A new surety bond
May a licensee resign as a licensee without the written approval of the Secretary of State? - correct
answer -No
Answers | Verified 2026/2027 | ASSURED SUCCESS
Who regulates PI's in NY? - correct answer -The Department of State, Division of Licensing
What type of crime is operating as a PI without a license? - correct answer -Class B Misdemeanor
A corporation's PI license can be revoked if ___% or more of the corporate stock is held by a person who
cannot meet the character standard set for an individual PI license. - correct answer -10
Who has the power to enforce the provisions of the PI licensing law? - correct answer -The Secretary of
State
Is a licensee obliged to supply their books or records to the State upon State Request? - correct answer
-Yes
What is the term of a PI license? - correct answer -2 years
What is the cost of an Individual PI license? - correct answer -$400
What is the cost of a Corporate PI license? - correct answer -$500
Is a PI required to be bonded? - correct answer -yes
Is a PI required to be insured? - correct answer -No
What is the surety bond required of a PI? - correct answer -$10,000
,If a NY PI license is to be issued to a non-resident, what must the applicant file a written consent to? -
correct answer -Consent to the jurisdiction of the courts of NY in any case or cases arising from PI
services within NY state
No PI license shall be issued to a person under the age of ___. - correct answer -25
What is the fee to take the exam that you need to pass to qualify for a PI application? - correct answer
-$15
Can a NY PI license be issued to a person convicted of a felony? - correct answer -No
Are there any misdemeanor convictions that will not allow a person to be issued a NY PI license? -
correct answer -Yes
Are a list of the applicant names and business addresses of all pending PI applications posted for public
view? - correct answer -Yes
Are a list of PI licenses that had been either issued or revoked the prior week posted for public view? -
correct answer -Yes
Can a NY PI licensee simultaneously hold an employment agency license? - correct answer -No
To change the name on a PI license, the cost is ___ - correct answer -$150
To change the address on a PI license, the cost is ___ - correct answer -$10
How must the issued PI license certificate be displayed? - correct answer -Posted up and at all times
displayed in a conspicuous place for which it was issued, so that all persons visiting such place may
readily see it.
, Every license certificate shall be surrendered to the Department of Stat within ____ hours after its terms
shall have expired or after notice in writing to the holder that such license has been revoked. - correct
answer -72
Failure to surrender the license certificate within the required hours is what type of crime? - correct
answer -Misdemeanor
What is the cost for the replacement of an unexpired PI license certificate or an unexpired pocket card?
- correct answer -$10
What are the restrictions on the replacement of an unexpired PI license certificate or an unexpired
pocket card? - correct answer -If lost or destroyed without fault on the part of the holder.
When should a NY PI file a PI license renewal application? - correct answer -6 weeks before the
expiration date of the PI license
What is the cost to renew an Individual PI license? - correct answer -$400
What is the cost to renew a Corporation PI license? - correct answer -$500
If late to renew a PI license, what is the late filing fee amount? - correct answer -$100
In no event will PI license renewal be granted more than ___ months after the date of expiration of a PI
license. - correct answer -6
What, besides the PI license renewal fee, must accompany the PI license renewal fee? - correct answer
-A new surety bond
May a licensee resign as a licensee without the written approval of the Secretary of State? - correct
answer -No
