New York Real Estate Salesperson Practice Exam
(Questions 1-75) and correct answers 2025
Questions 1–10: National Portion
1. A buyer and seller enter into an agreement to sell property. This agreement is
considered:
A. An enforceable contract
B. An option contract
C. A void contract
D. An illegal contract
Answer: A
Rationale: An agreement between a buyer and seller is typically an enforceable
contract once all elements (offer, acceptance, consideration, etc.) are met.
2. A person’s legal right to possess, use, and dispose of land is known as:
A. Easement
B. Title
C. Lien
D. Leasehold
Answer: B
Rationale: Title refers to the legal right to possess, use, and transfer property.
,3. Which of the following is true regarding a comparative market analysis (CMA)?
A. It is an official property appraisal
B. It is prepared by a licensed appraiser
C. It is an estimate of market value based on recent sales
D. It is a legal document
Answer: C
Rationale: A CMA is an estimate of a property’s market value based on the sale
prices of similar properties in the area.
4. The purpose of zoning laws is to:
A. Increase property values
B. Regulate land use to promote community welfare
C. Make properties easier to buy and sell
D. Ensure a property's title is valid
Answer: B
Rationale: Zoning laws regulate land use to ensure safe, orderly, and appropriate
development.
5. A seller must provide the buyer with a property disclosure form that includes
information about:
A. The property’s title history
B. The property’s condition and potential defects
C. The buyer’s mortgage options
D. The seller’s financial status
,Answer: B
Rationale: Property disclosure forms must include information about the
property’s condition and any known defects.
6. What is the main purpose of a title search?
A. To inspect the property's physical condition
B. To ensure there are no liens or claims against the property
C. To determine the property’s market value
D. To estimate the cost of insurance
Answer: B
Rationale: A title search verifies that the title is clear of any liens or
encumbrances.
7. The Fair Housing Act prohibits discrimination in housing based on all EXCEPT:
A. Race
B. Gender
C. Age
D. Religion
Answer: C
Rationale: The Fair Housing Act prohibits discrimination based on race, color,
religion, sex, familial status, or national origin. Age is not a protected class.
8. Which of the following is an example of a fee simple absolute estate?
A. A life estate
B. A leasehold estate
, C. Full ownership without restrictions
D. A leasehold with an option to buy
Answer: C
Rationale: A fee simple absolute estate is the highest form of property ownership
with no limitations on the use or transfer of the property.
9. In a sales transaction, the buyer's agent has fiduciary duties to:
A. The seller
B. The buyer
C. Both the buyer and seller
D. The lender
Answer: B
Rationale: A buyer's agent owes fiduciary duties to the buyer, which include
loyalty, disclosure, and confidentiality.
10. The process of transferring property ownership in writing is called:
A. Execution
B. Conveyance
C. Assignment
D. Settlement
Answer: B
Rationale: Conveyance is the legal process of transferring ownership of real
property.
Questions 11–20: New York State Portion
(Questions 1-75) and correct answers 2025
Questions 1–10: National Portion
1. A buyer and seller enter into an agreement to sell property. This agreement is
considered:
A. An enforceable contract
B. An option contract
C. A void contract
D. An illegal contract
Answer: A
Rationale: An agreement between a buyer and seller is typically an enforceable
contract once all elements (offer, acceptance, consideration, etc.) are met.
2. A person’s legal right to possess, use, and dispose of land is known as:
A. Easement
B. Title
C. Lien
D. Leasehold
Answer: B
Rationale: Title refers to the legal right to possess, use, and transfer property.
,3. Which of the following is true regarding a comparative market analysis (CMA)?
A. It is an official property appraisal
B. It is prepared by a licensed appraiser
C. It is an estimate of market value based on recent sales
D. It is a legal document
Answer: C
Rationale: A CMA is an estimate of a property’s market value based on the sale
prices of similar properties in the area.
4. The purpose of zoning laws is to:
A. Increase property values
B. Regulate land use to promote community welfare
C. Make properties easier to buy and sell
D. Ensure a property's title is valid
Answer: B
Rationale: Zoning laws regulate land use to ensure safe, orderly, and appropriate
development.
5. A seller must provide the buyer with a property disclosure form that includes
information about:
A. The property’s title history
B. The property’s condition and potential defects
C. The buyer’s mortgage options
D. The seller’s financial status
,Answer: B
Rationale: Property disclosure forms must include information about the
property’s condition and any known defects.
6. What is the main purpose of a title search?
A. To inspect the property's physical condition
B. To ensure there are no liens or claims against the property
C. To determine the property’s market value
D. To estimate the cost of insurance
Answer: B
Rationale: A title search verifies that the title is clear of any liens or
encumbrances.
7. The Fair Housing Act prohibits discrimination in housing based on all EXCEPT:
A. Race
B. Gender
C. Age
D. Religion
Answer: C
Rationale: The Fair Housing Act prohibits discrimination based on race, color,
religion, sex, familial status, or national origin. Age is not a protected class.
8. Which of the following is an example of a fee simple absolute estate?
A. A life estate
B. A leasehold estate
, C. Full ownership without restrictions
D. A leasehold with an option to buy
Answer: C
Rationale: A fee simple absolute estate is the highest form of property ownership
with no limitations on the use or transfer of the property.
9. In a sales transaction, the buyer's agent has fiduciary duties to:
A. The seller
B. The buyer
C. Both the buyer and seller
D. The lender
Answer: B
Rationale: A buyer's agent owes fiduciary duties to the buyer, which include
loyalty, disclosure, and confidentiality.
10. The process of transferring property ownership in writing is called:
A. Execution
B. Conveyance
C. Assignment
D. Settlement
Answer: B
Rationale: Conveyance is the legal process of transferring ownership of real
property.
Questions 11–20: New York State Portion
