NYS Real Estate U Final Exam Latest Update
2025-2026 200 Questions and 100% Verified
Correct Answers Guaranteed A+
- A card issued by the Department of State to each licensee which contains the
photo, name and business address of the licensee, and, in the case of a real estate
salesperson, the name and business address of the broker with whom he or she is
associated
and shall certify that the person whose name appears thereon is a licensed real estate
broker or
salesperson.
- Must be carried by the agent at all times when serving as a salesperson. - CORRECT
ANSWER: Pocket Card
- A crime punishable by up to a year in prison and/or a $1,000 fine. - CORRECT
ANSWER: Misdemeanor
- A licensed real estate broker that holds the license of a salesperson. - CORRECT
ANSWER: Sponsor
- A person that provides services to another under
terms specified in a contract or within a verbal agreement. An independent contractor is
not an
employee.
- The agent does not have to work in a specific location
- The broker cannot control the agent's work activities - CORRECT ANSWER:
Independent Contractor Relationship
- A person who on behalf of or for the benefit of another transacts business or
,handles money or property not the person's own; such relationship implies great
confidence and
trust. - CORRECT ANSWER: Fiduciary
- A written explanation, to
be signed by a prospective buyer or seller of real estate, explaining to the client the role
that the
broker plays in the transaction.
- First document to be submitted to all prospective clients - CORRECT ANSWER:
Disclosure Regarding Real Estate Agency Relationships Form
- Agent may be liable for costly mistakes. - CORRECT ANSWER: Reasonable Care
- Agent must act in accordance to clients demands/instructions. - CORRECT ANSWER:
Obedience
- Agent must communicate with client/must present all offers. - CORRECT ANSWER:
Disclosure of Information
- Agent must work in the best interest of the client. - CORRECT ANSWER: Loyalty
- All confidential information as described by client must remain so unless given
permission in writing. - CORRECT ANSWER: Confidentiality
- An agreement between members of a trade conspiring to refrain from competition in
specific market areas. - CORRECT ANSWER: Market Allocation
- An agreement of employment of a broker to the exclusion of all other brokers; if sale is
made by any other broker during term of employment, broker holding
, exclusive agency is entitled to commissions in addition to the commissions payable to
the
broker who effected the transaction
- Made between a broker and a seller - CORRECT ANSWER: Exclusive Agency
- An employment contract between principal and agent, authorizing the
agent to perform services for the principle involving the latter's property - CORRECT
ANSWER: Listing Agreement
- Conspiring to establish fixed fees or prices for services or products. - CORRECT
ANSWER: Price Fixing
- Obedience
- Loyalty
- Disclosure
- Confidentiality
- Accountability
- Reasonable Care - CORRECT ANSWER: OLD CAR
- Obtained after you register for the New York State
Salesperson exam using eAccessNY. You must bring your "Summary of Your
Submission" with
you when taking the State exam. - CORRECT ANSWER: "Summary of Your
Submission"
- One of the more serious fiduciary responsibilities. - CORRECT ANSWER:
Accountability
2025-2026 200 Questions and 100% Verified
Correct Answers Guaranteed A+
- A card issued by the Department of State to each licensee which contains the
photo, name and business address of the licensee, and, in the case of a real estate
salesperson, the name and business address of the broker with whom he or she is
associated
and shall certify that the person whose name appears thereon is a licensed real estate
broker or
salesperson.
- Must be carried by the agent at all times when serving as a salesperson. - CORRECT
ANSWER: Pocket Card
- A crime punishable by up to a year in prison and/or a $1,000 fine. - CORRECT
ANSWER: Misdemeanor
- A licensed real estate broker that holds the license of a salesperson. - CORRECT
ANSWER: Sponsor
- A person that provides services to another under
terms specified in a contract or within a verbal agreement. An independent contractor is
not an
employee.
- The agent does not have to work in a specific location
- The broker cannot control the agent's work activities - CORRECT ANSWER:
Independent Contractor Relationship
- A person who on behalf of or for the benefit of another transacts business or
,handles money or property not the person's own; such relationship implies great
confidence and
trust. - CORRECT ANSWER: Fiduciary
- A written explanation, to
be signed by a prospective buyer or seller of real estate, explaining to the client the role
that the
broker plays in the transaction.
- First document to be submitted to all prospective clients - CORRECT ANSWER:
Disclosure Regarding Real Estate Agency Relationships Form
- Agent may be liable for costly mistakes. - CORRECT ANSWER: Reasonable Care
- Agent must act in accordance to clients demands/instructions. - CORRECT ANSWER:
Obedience
- Agent must communicate with client/must present all offers. - CORRECT ANSWER:
Disclosure of Information
- Agent must work in the best interest of the client. - CORRECT ANSWER: Loyalty
- All confidential information as described by client must remain so unless given
permission in writing. - CORRECT ANSWER: Confidentiality
- An agreement between members of a trade conspiring to refrain from competition in
specific market areas. - CORRECT ANSWER: Market Allocation
- An agreement of employment of a broker to the exclusion of all other brokers; if sale is
made by any other broker during term of employment, broker holding
, exclusive agency is entitled to commissions in addition to the commissions payable to
the
broker who effected the transaction
- Made between a broker and a seller - CORRECT ANSWER: Exclusive Agency
- An employment contract between principal and agent, authorizing the
agent to perform services for the principle involving the latter's property - CORRECT
ANSWER: Listing Agreement
- Conspiring to establish fixed fees or prices for services or products. - CORRECT
ANSWER: Price Fixing
- Obedience
- Loyalty
- Disclosure
- Confidentiality
- Accountability
- Reasonable Care - CORRECT ANSWER: OLD CAR
- Obtained after you register for the New York State
Salesperson exam using eAccessNY. You must bring your "Summary of Your
Submission" with
you when taking the State exam. - CORRECT ANSWER: "Summary of Your
Submission"
- One of the more serious fiduciary responsibilities. - CORRECT ANSWER:
Accountability
