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Real Estate U Final Exam: Study Guide & Practice Test Prep

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Ace your Real Estate U final exam with this comprehensive PDF. Includes key topics, practice questions, and essential vocabulary for state licensing prep. Your ultimate study guide for success.

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Real Estate U FINAL EXAM PREP 2025/2026 COMPLETE

QUESTIONS WITH CORRECT DETAILED ANSWERS ||

100% GUARANTEED PASS <LATEST VERSION>

Article 12-A of the NYS Real Property Law .......Answer.........- The

section of the New York Real Property Law pertaining to real

estate salespersons and brokers.


- Primary purpose is to "Protect the Public" - Requires a

salesperson to be at least 18 years of age


- Requires a broker to be at least 20 years of age


Sponsor .......Answer.........- A licensed real estate broker that

holds the license of a salesperson.


"Summary of Your Submission" .......Answer.........- Obtained after

you register for the New York State

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Salesperson exam using eAccessNY. You must bring your

"Summary of Your Submission" with


you when taking the State exam.


Misdemeanor .......Answer.........- A crime punishable by up to a

year in prison and/or a $1,000 fine.


Listing Agreement .......Answer.........- An employment contract

between principal and agent, authorizing the


agent to perform services for the principle involving the latter's

property


Pocket Card .......Answer.........- 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

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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.


Fiduciary .......Answer.........- 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.

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OLD CAR .......Answer.........- Obedience


- Loyalty


- Disclosure


- Confidentiality


- Accountability


- Reasonable Care


Article 12 A .......Answer.........NYS Real Estate Property Law (1)

Protect the public (2) Salesperson at least 18 (3) broker at least

20 years .


Sponsor .......Answer.........Broker that holds salesperson license


Summary of Submission .......Answer.........Paper you get after

registering for NYS test. Bring to tes with you

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Written in
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