NEW YORK REAL ESTATE EXAM
2023 PRACTICE QUESTIONS AND
COMPLETE SOLUTIONS 5 COPIES
◉ Which of these define a real estate broker?
A) A licensed broker who chooses to work under the supervision and
name of another licensed broker
B) A person associated with a licensed broker who performs real estate
activities under the licensed broker's supervision
C) Any person, firm, company, or corporation that performs real estate
activities for a fee or compensation of any kind. Answer: C) Any person,
firm, company, or corporation that performs real estate activities for a
fee or compensation of any kind
◉ If the activity is "for another, for a fee", then it requires a ________.
Answer: Real estate license
◉ A Real Estate Broker must meet which of the following criteria?
A) Age
B) Course Hour
C) How long have they hold the license. Answer: A) At least 20 years
old
,B) Completed 120-hour course and passed the broker exam
C) She held a real estate license for two years
◉ When is a real estate license required?
A) When performing maintenance work for one property owner
B) When performing real estate activities for others, for compensation of
any kind
C) When performing real estate activities for others, without
compensation
D) When performing real estate activities for yourself. Answer: B)
◉ Which of the following persons can perform real estate services
without a license?
A) Carolee, an attorney who sometimes acts as a broker but who does
not employ salespeople to work under her supervision
B) Mabel, who charges a flat fee to assist individuals in buying
properties
C) Paul, who has three years' prior real estate experience and charges a
flat fee to assist individuals in selling properties
D) Zeke, an attorney who acts as a broker and who employs two
salespeople to work under his supervision. Answer: A)
◉ T/F
, Your sponsoring broker must display your salesperson's license at the
branch where you work. Answer: False
◉ T/F
You must carry your Pocket Card on you at all times. Answer: True
◉ Theresa let her real estate license lapse a few months ago, but she's
thinking about reactivating it. If she meets all the requirements for
renewal within ________ of the expiration of her license, she won't have
to retake the state licensing exam.
A) 12 months
B) 30 days
C) 90 days
D) Two years. Answer: D) Tw0 Years
◉ The earliest that a real estate license can be renewed is ________
before its expiration date.
A) 10 days
B) One year
C) Six months
2023 PRACTICE QUESTIONS AND
COMPLETE SOLUTIONS 5 COPIES
◉ Which of these define a real estate broker?
A) A licensed broker who chooses to work under the supervision and
name of another licensed broker
B) A person associated with a licensed broker who performs real estate
activities under the licensed broker's supervision
C) Any person, firm, company, or corporation that performs real estate
activities for a fee or compensation of any kind. Answer: C) Any person,
firm, company, or corporation that performs real estate activities for a
fee or compensation of any kind
◉ If the activity is "for another, for a fee", then it requires a ________.
Answer: Real estate license
◉ A Real Estate Broker must meet which of the following criteria?
A) Age
B) Course Hour
C) How long have they hold the license. Answer: A) At least 20 years
old
,B) Completed 120-hour course and passed the broker exam
C) She held a real estate license for two years
◉ When is a real estate license required?
A) When performing maintenance work for one property owner
B) When performing real estate activities for others, for compensation of
any kind
C) When performing real estate activities for others, without
compensation
D) When performing real estate activities for yourself. Answer: B)
◉ Which of the following persons can perform real estate services
without a license?
A) Carolee, an attorney who sometimes acts as a broker but who does
not employ salespeople to work under her supervision
B) Mabel, who charges a flat fee to assist individuals in buying
properties
C) Paul, who has three years' prior real estate experience and charges a
flat fee to assist individuals in selling properties
D) Zeke, an attorney who acts as a broker and who employs two
salespeople to work under his supervision. Answer: A)
◉ T/F
, Your sponsoring broker must display your salesperson's license at the
branch where you work. Answer: False
◉ T/F
You must carry your Pocket Card on you at all times. Answer: True
◉ Theresa let her real estate license lapse a few months ago, but she's
thinking about reactivating it. If she meets all the requirements for
renewal within ________ of the expiration of her license, she won't have
to retake the state licensing exam.
A) 12 months
B) 30 days
C) 90 days
D) Two years. Answer: D) Tw0 Years
◉ The earliest that a real estate license can be renewed is ________
before its expiration date.
A) 10 days
B) One year
C) Six months
