Colibri Real Estate Exam Questions and Answers
Verified 100% Correct
Who is authorized to prescribe the content of real estate courses?
NYS Board of Real Estate members
The NYS Governor
The Department of State
The Secretary of State - ANSWER -NYS Board of Real Estate members
Those who are exempt from needing a license include all of the following except?
An owner selling his or her own property.
A landlord renting his or her own property.
A person selling property for a friend or associate if the fee charged is under
$1000.
An attorney performing his or her duties as an attorney. - ANSWER -A person
selling property for a friend or associate if the fee charged is under $1000.
A__________________ broker conducts business as a sole proprietorship, doing
business under a name other than his or her personal name.
Limited Liability Company
Foreign
Trade Name
Listing - ANSWER -Trade Name
The final step of the real estate transaction is
Accepting the offer.
Paying the purchase price.
Closing.
Clearing the title. - ANSWER -Clearing the title.
Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate
broker?
NY Real Property Law, Article 13
NY Real Property Law, Section 442-a
NY Real Property Law, Section 441-c
NY Real Property Law, Article 15-A - ANSWER -NY Real Property Law, Section
441-c
, The Broker Exam is a written exam in a multiple-choice format and
contains______questions.
200
50
75
100 - ANSWER -100
Who has the duty to administer all licensing provisions of Article 12-A?
NYS Board of Real Estate members
The NYS Governor
The Department of State
The Secretary of State - ANSWER -The Secretary of State
How many members does the Governor appoint to the Board of Real Estate?
5 brokers and no public members
4 brokers and 3 public members
3 brokers and 4 public members
1 broker and 1 public member - ANSWER -3 brokers and 4 public members
Which of the following real estate licenses has a fee of $65?
Salesperson
Associate Broker
Broker
Branch Office - ANSWER -Salesperson
Which section of New York Real Property Law gives authority to the Department
of State to regulate real estate brokers and salespersons?
Article 12-A
Article 78
Article 12
Article 9-a - ANSWER -Article 12-A
New York has established a point system to help determine the experience a
Broker candidate needs. A total of_________ points and the equivalent to two
years of full-time experience for broker candidates.
2000
2500
3000
3500 - ANSWER -3500
, Which of the following licensees can only receive commission payments from his
or her sponsoring broker?
Broker
Salesperson
Affiliate Broker
Apprentice - ANSWER -Salesperson
How will an examinee know what percent of the exam questions he or she
ANSWERed correctly?
The percentage score will be mailed to the examinee within 15 days of the exam.
The percentage score will available online only for those examinees who fail the
exam.
The percentage score is not given to the examinee.
The percentage score will be mailed to the examinee for a $25 fee. - ANSWER -
The percentage score is not given to the examinee.
The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or her
commission is called?
Settling the transaction.
Negotiating the purchase contract.
Financing the purchase.
Listing the property. - ANSWER -Settling the transaction.
How many hours of education is a broker candidate required to complete in
addition to those required for a salesperson's license?
75 hours
55 hours
100 hours
120 hours - ANSWER -75 hours
Which of the following is NOT one of the real estate broker license types?
Salesperson
Trade name broker
Partnership broker
Corporate broker - ANSWER -Salesperson
Verified 100% Correct
Who is authorized to prescribe the content of real estate courses?
NYS Board of Real Estate members
The NYS Governor
The Department of State
The Secretary of State - ANSWER -NYS Board of Real Estate members
Those who are exempt from needing a license include all of the following except?
An owner selling his or her own property.
A landlord renting his or her own property.
A person selling property for a friend or associate if the fee charged is under
$1000.
An attorney performing his or her duties as an attorney. - ANSWER -A person
selling property for a friend or associate if the fee charged is under $1000.
A__________________ broker conducts business as a sole proprietorship, doing
business under a name other than his or her personal name.
Limited Liability Company
Foreign
Trade Name
Listing - ANSWER -Trade Name
The final step of the real estate transaction is
Accepting the offer.
Paying the purchase price.
Closing.
Clearing the title. - ANSWER -Clearing the title.
Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate
broker?
NY Real Property Law, Article 13
NY Real Property Law, Section 442-a
NY Real Property Law, Section 441-c
NY Real Property Law, Article 15-A - ANSWER -NY Real Property Law, Section
441-c
, The Broker Exam is a written exam in a multiple-choice format and
contains______questions.
200
50
75
100 - ANSWER -100
Who has the duty to administer all licensing provisions of Article 12-A?
NYS Board of Real Estate members
The NYS Governor
The Department of State
The Secretary of State - ANSWER -The Secretary of State
How many members does the Governor appoint to the Board of Real Estate?
5 brokers and no public members
4 brokers and 3 public members
3 brokers and 4 public members
1 broker and 1 public member - ANSWER -3 brokers and 4 public members
Which of the following real estate licenses has a fee of $65?
Salesperson
Associate Broker
Broker
Branch Office - ANSWER -Salesperson
Which section of New York Real Property Law gives authority to the Department
of State to regulate real estate brokers and salespersons?
Article 12-A
Article 78
Article 12
Article 9-a - ANSWER -Article 12-A
New York has established a point system to help determine the experience a
Broker candidate needs. A total of_________ points and the equivalent to two
years of full-time experience for broker candidates.
2000
2500
3000
3500 - ANSWER -3500
, Which of the following licensees can only receive commission payments from his
or her sponsoring broker?
Broker
Salesperson
Affiliate Broker
Apprentice - ANSWER -Salesperson
How will an examinee know what percent of the exam questions he or she
ANSWERed correctly?
The percentage score will be mailed to the examinee within 15 days of the exam.
The percentage score will available online only for those examinees who fail the
exam.
The percentage score is not given to the examinee.
The percentage score will be mailed to the examinee for a $25 fee. - ANSWER -
The percentage score is not given to the examinee.
The final step of the real estate transaction when the buyer gets the deed to the
property, the seller gets the proceeds from the sale, and the broker gets his or her
commission is called?
Settling the transaction.
Negotiating the purchase contract.
Financing the purchase.
Listing the property. - ANSWER -Settling the transaction.
How many hours of education is a broker candidate required to complete in
addition to those required for a salesperson's license?
75 hours
55 hours
100 hours
120 hours - ANSWER -75 hours
Which of the following is NOT one of the real estate broker license types?
Salesperson
Trade name broker
Partnership broker
Corporate broker - ANSWER -Salesperson
