New York Real Estate Jurisprudence Exam
Questions With Correct Answers (Verified
Answers) Plus Rationales 2026 Q&A | Instant
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1. A real estate broker in New York must primarily be licensed by
which authority?
A. Federal Trade Commission
B. New York State Department of Labor
C. New York Department of State (DOS)
D. New York City Housing Authority
Rationale: In New York, real estate brokers and salespersons are
regulated and licensed by the Department of State, which oversees
professional licensing. Other agencies may regulate related issues, but
DOS is the primary licensing authority.
2. The minimum age requirement to obtain a real estate salesperson
license in New York is:
A. 16 years
, B. 17 years
C. 18 years
D. 21 years
Rationale: New York requires applicants for a real estate salesperson
license to be at least 18 years old. This ensures legal capacity to enter
binding contracts.
3. A real estate salesperson in New York must be sponsored by:
A. Any licensed attorney
B. A mortgage lender
C. A licensed real estate broker
D. A title company
Rationale: Salespersons cannot operate independently and must work
under the supervision of a licensed real estate broker who assumes
responsibility for their activities.
4. Which of the following best describes “fiduciary duty” in real
estate?
A. Duty to maximize commission
B. Duty to the seller only
, C. Duty of loyalty, confidentiality, and obedience to the client
D. Duty to the buyer and seller equally at all times
Rationale: Fiduciary duty requires agents to act in the best interests of
their client, including loyalty, confidentiality, and lawful obedience.
5. In New York, disclosure of property condition is primarily
governed by:
A. The Sherman Act
B. Property Condition Disclosure Act
C. Fair Housing Act
D. Uniform Commercial Code
Rationale: The Property Condition Disclosure Act requires sellers to
disclose known property defects or pay a credit at closing if they
choose not to complete the disclosure form.
6. A dual agent in New York represents:
A. Only the buyer
B. Only the seller
C. The broker exclusively
D. Both buyer and seller in the same transaction with consent
, Rationale: Dual agency occurs when a broker represents both parties
in a transaction with informed written consent, requiring neutrality.
7. Which practice is prohibited under New York fair housing laws?
A. Advertising open houses
B. Offering commission bonuses
C. Discriminating based on protected class
D. Listing property on MLS
Rationale: Discrimination based on protected characteristics such as
race, religion, or national origin is strictly prohibited under fair
housing law.
8. A listing agreement is best defined as:
A. A mortgage contract
B. A lease agreement
C. A contract between a property owner and broker authorizing
representation
D. A title insurance policy
Rationale: A listing agreement authorizes a broker to act on behalf of
the property owner to market and sell the property.
Questions With Correct Answers (Verified
Answers) Plus Rationales 2026 Q&A | Instant
Download Pdf
1. A real estate broker in New York must primarily be licensed by
which authority?
A. Federal Trade Commission
B. New York State Department of Labor
C. New York Department of State (DOS)
D. New York City Housing Authority
Rationale: In New York, real estate brokers and salespersons are
regulated and licensed by the Department of State, which oversees
professional licensing. Other agencies may regulate related issues, but
DOS is the primary licensing authority.
2. The minimum age requirement to obtain a real estate salesperson
license in New York is:
A. 16 years
, B. 17 years
C. 18 years
D. 21 years
Rationale: New York requires applicants for a real estate salesperson
license to be at least 18 years old. This ensures legal capacity to enter
binding contracts.
3. A real estate salesperson in New York must be sponsored by:
A. Any licensed attorney
B. A mortgage lender
C. A licensed real estate broker
D. A title company
Rationale: Salespersons cannot operate independently and must work
under the supervision of a licensed real estate broker who assumes
responsibility for their activities.
4. Which of the following best describes “fiduciary duty” in real
estate?
A. Duty to maximize commission
B. Duty to the seller only
, C. Duty of loyalty, confidentiality, and obedience to the client
D. Duty to the buyer and seller equally at all times
Rationale: Fiduciary duty requires agents to act in the best interests of
their client, including loyalty, confidentiality, and lawful obedience.
5. In New York, disclosure of property condition is primarily
governed by:
A. The Sherman Act
B. Property Condition Disclosure Act
C. Fair Housing Act
D. Uniform Commercial Code
Rationale: The Property Condition Disclosure Act requires sellers to
disclose known property defects or pay a credit at closing if they
choose not to complete the disclosure form.
6. A dual agent in New York represents:
A. Only the buyer
B. Only the seller
C. The broker exclusively
D. Both buyer and seller in the same transaction with consent
, Rationale: Dual agency occurs when a broker represents both parties
in a transaction with informed written consent, requiring neutrality.
7. Which practice is prohibited under New York fair housing laws?
A. Advertising open houses
B. Offering commission bonuses
C. Discriminating based on protected class
D. Listing property on MLS
Rationale: Discrimination based on protected characteristics such as
race, religion, or national origin is strictly prohibited under fair
housing law.
8. A listing agreement is best defined as:
A. A mortgage contract
B. A lease agreement
C. A contract between a property owner and broker authorizing
representation
D. A title insurance policy
Rationale: A listing agreement authorizes a broker to act on behalf of
the property owner to market and sell the property.
