New York PI Exam Practice Questions Accurate
Real Exam 200 Questions and Verified Correct
Answers JUST RELEASED
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
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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
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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
For a violation of any provision of the PI licensing law, the state may revoke or suspend the license,
or can impose a fine not exceeding ________. - CORRECT ANSWER-$1000
Can your PI license be revoked or suspended or fined if you demonstrate incompetence or
untrustworthiness in your actions? - CORRECT ANSWER-Yes