©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+
NYREI School Exam Questions And
Answers |Latest 2025 | Guaranteed Pass
What is the minimum licensing requirement to sell commercial real estate in New York? -
Answer✔a real estate salesperson's license
What is the preferred method of creating an agency relationship? - Answer✔expressed agency
An amenity purchaser - Answer✔occupies or uses the purchased property
Condominium units are considered _____ property and are conveyed by _____. - Answer✔real
/ deed
A salesperson who is an independent contractor - Answer✔is not subject to withholding
requirements.
A homeowner facing foreclosure has a number of liens: The original mortgage, a mechanic's
lien from six months ago, a judgment lien from two years ago, and a property tax lien that was
just filed. When the property is sold, which lien will be paid first from the proceeds? -
Answer✔property tax lien
What is another word for principal? - Answer✔Client. The principal in any fiduciary relationship
is the client.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+
The tenant signs a two-month lease on an apartment ending September 1. What type of
leasehold estate does this represent? - Answer✔estate for years
What are the age and experience requirements to apply for a salesperson license? -
Answer✔18 years old and no experience necessary
Craig owns a warehouse and his property taxes were recently raised. In turn, Craig charged the
tenant currently occupying the building additional operating expenses. This is an example of -
Answer✔a pass-through.
Which federal environmental law, known as the Superfund, creates requirements for closed
and abandoned waste sites? - Answer✔Comprehensive Environmental Response,
Compensation, and Liability Act
Who is responsible for approving septic and other sanitation systems in New York State? -
Answer✔NYS Department of Health
Who pays the property taxes in a triple net lease? - Answer✔tenant
Opal lives in an apartment that is going cooperative. The current residents are given the first
option to buy in, and Opal decides to take advantage of the opportunity. Which statement
about Opal's new co-op is FALSE? - Answer✔She will own the airspace inside her co-op fee
simple.
An example of chattel is - Answer✔wheat that has been harvested.
A mortgage loan originator can perform each of these activities EXCEPT - Answer✔lend money.
Which type of listing agreement provides the greatest opportunity for a listing broker to earn a
commission? - Answer✔exclusive right to sell agreement
2
NYREI School Exam Questions And
Answers |Latest 2025 | Guaranteed Pass
What is the minimum licensing requirement to sell commercial real estate in New York? -
Answer✔a real estate salesperson's license
What is the preferred method of creating an agency relationship? - Answer✔expressed agency
An amenity purchaser - Answer✔occupies or uses the purchased property
Condominium units are considered _____ property and are conveyed by _____. - Answer✔real
/ deed
A salesperson who is an independent contractor - Answer✔is not subject to withholding
requirements.
A homeowner facing foreclosure has a number of liens: The original mortgage, a mechanic's
lien from six months ago, a judgment lien from two years ago, and a property tax lien that was
just filed. When the property is sold, which lien will be paid first from the proceeds? -
Answer✔property tax lien
What is another word for principal? - Answer✔Client. The principal in any fiduciary relationship
is the client.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+
The tenant signs a two-month lease on an apartment ending September 1. What type of
leasehold estate does this represent? - Answer✔estate for years
What are the age and experience requirements to apply for a salesperson license? -
Answer✔18 years old and no experience necessary
Craig owns a warehouse and his property taxes were recently raised. In turn, Craig charged the
tenant currently occupying the building additional operating expenses. This is an example of -
Answer✔a pass-through.
Which federal environmental law, known as the Superfund, creates requirements for closed
and abandoned waste sites? - Answer✔Comprehensive Environmental Response,
Compensation, and Liability Act
Who is responsible for approving septic and other sanitation systems in New York State? -
Answer✔NYS Department of Health
Who pays the property taxes in a triple net lease? - Answer✔tenant
Opal lives in an apartment that is going cooperative. The current residents are given the first
option to buy in, and Opal decides to take advantage of the opportunity. Which statement
about Opal's new co-op is FALSE? - Answer✔She will own the airspace inside her co-op fee
simple.
An example of chattel is - Answer✔wheat that has been harvested.
A mortgage loan originator can perform each of these activities EXCEPT - Answer✔lend money.
Which type of listing agreement provides the greatest opportunity for a listing broker to earn a
commission? - Answer✔exclusive right to sell agreement
2
