NYS REAL ESTATE PREP EXAM 2026/2027 NEW YORK REAL
ESTATE SALESPERSON & BROKER LICENSING 200 QUESTIONS
WITH 100% CORRECT ANSWERS
EXPERT VERIFIED | LATEST VERSION | COMPLETE SOLUTIONS
Jurisdiction: New York State
Governing Body: NYS Department of State, Division of Licensing Services
Primary Law: Article 12-A of the NYS Real Property Law
Exam Purpose: Measures knowledge of principles, practices, law, and ethics necessary for real
estate professionals
SECTION A: LICENSING REQUIREMENTS & REGULATORY AGENCIES (Questions 1-30)
Question 1:
Which agency oversees and administers the real estate licensure process in New York State?
A) NYS Department of Financial Services
B) NYS Department of State, Division of Licensing Services
C) NYS Attorney General's Office
D) NYS Division of Housing and Community Renewal
Answer: B
Rationale: The New York Department of State, Division of Licensing Services is the regulatory
agency that oversees and administers the real estate licensure process. Most of the law
pertaining to salespersons and brokers is contained in Article 12-A of the Real Property Law .
Question 2:
Article 12-A of the New York Real Property Law primarily covers:
A) Building codes and construction standards
B) Property tax assessments
C) Real estate salespersons and brokers
D) Mortgage lending regulations
Answer: C
,Rationale: Article 12-A of the NYS Real Property Law pertains to real estate salespersons and
brokers. Its primary purpose is to "Protect the Public" .
Question 3:
What is the minimum age requirement to obtain a real estate salesperson license in New York?
A) 16 years old
B) 18 years old
C) 20 years old
D) 21 years old
Answer: B
Rationale: A salesperson must be at least 18 years of age. A broker must be at least 20 years of
age .
Question 4:
A person who holds a licensed real estate broker's license that holds the license of a
salesperson is called a:
A) Mentor
B) Manager
C) Sponsor
D) Supervisor
Answer: C
Rationale: A sponsor is a licensed real estate broker that holds the license of a salesperson.
Salespeople and associate brokers cannot operate independently and must work under a
licensed real estate broker .
Question 5:
What is the license renewal fee for a New York real estate salesperson?
A) $25 every 2 years
B) $50 every 2 years
C) $100 every 2 years
,D) $150 every 2 years
Answer: B
Rationale: Brokers must pay $150.00 and salespersons $50.00 for each 2-year term. Additional
licenses for each branch office cost $150.00 .
Question 6:
How many hours of continuing education are required for a salesperson to renew their license in
New York?
A) 10.5 hours
B) 15.5 hours
C) 22.5 hours
D) 45.5 hours
Answer: C
Rationale: Salespersons must complete 22.5 hours of continuing education prior to license
renewal. This includes 3 hours of fair housing and 1 hour of agency disclosure .
Question 7:
What is the maximum fine the DOS can impose for a violation of real estate license law?
A) $500
B) $1,000
C) $5,000
D) $10,000
Answer: B
Rationale: DOS may impose a fine not to exceed $1,000. A misdemeanor violation of license
law is punishable by up to a $1,000 fine and/or up to one year in jail .
Question 8:
If your license is revoked, how long must you wait before applying for a new license?
A) 6 months
, B) 1 year
C) 2 years
D) 5 years
Answer: B
Rationale: If a license is revoked, one must wait ONE YEAR for relicensure .
Question 9:
Which of the following is NOT a type of real estate license in New York?
A) Salesperson
B) Associate Broker
C) Independent Broker
D) Principal Broker
Answer: D
Rationale: The three types of real estate licenses in New York are: salesperson, associate
broker, and broker. An associate broker has no broker powers and must work under a
sponsoring broker .
Question 10:
How many continuing education hours must include fair housing training?
A) 1 hour
B) 2 hours
C) 3 hours
D) 4 hours
Answer: C
Rationale: The 22.5 hours of continuing education must include 3 hours of fair housing training
and 1 hour of agency disclosure .
Question 11:
A salesperson's license is kept by:
ESTATE SALESPERSON & BROKER LICENSING 200 QUESTIONS
WITH 100% CORRECT ANSWERS
EXPERT VERIFIED | LATEST VERSION | COMPLETE SOLUTIONS
Jurisdiction: New York State
Governing Body: NYS Department of State, Division of Licensing Services
Primary Law: Article 12-A of the NYS Real Property Law
Exam Purpose: Measures knowledge of principles, practices, law, and ethics necessary for real
estate professionals
SECTION A: LICENSING REQUIREMENTS & REGULATORY AGENCIES (Questions 1-30)
Question 1:
Which agency oversees and administers the real estate licensure process in New York State?
A) NYS Department of Financial Services
B) NYS Department of State, Division of Licensing Services
C) NYS Attorney General's Office
D) NYS Division of Housing and Community Renewal
Answer: B
Rationale: The New York Department of State, Division of Licensing Services is the regulatory
agency that oversees and administers the real estate licensure process. Most of the law
pertaining to salespersons and brokers is contained in Article 12-A of the Real Property Law .
Question 2:
Article 12-A of the New York Real Property Law primarily covers:
A) Building codes and construction standards
B) Property tax assessments
C) Real estate salespersons and brokers
D) Mortgage lending regulations
Answer: C
,Rationale: Article 12-A of the NYS Real Property Law pertains to real estate salespersons and
brokers. Its primary purpose is to "Protect the Public" .
Question 3:
What is the minimum age requirement to obtain a real estate salesperson license in New York?
A) 16 years old
B) 18 years old
C) 20 years old
D) 21 years old
Answer: B
Rationale: A salesperson must be at least 18 years of age. A broker must be at least 20 years of
age .
Question 4:
A person who holds a licensed real estate broker's license that holds the license of a
salesperson is called a:
A) Mentor
B) Manager
C) Sponsor
D) Supervisor
Answer: C
Rationale: A sponsor is a licensed real estate broker that holds the license of a salesperson.
Salespeople and associate brokers cannot operate independently and must work under a
licensed real estate broker .
Question 5:
What is the license renewal fee for a New York real estate salesperson?
A) $25 every 2 years
B) $50 every 2 years
C) $100 every 2 years
,D) $150 every 2 years
Answer: B
Rationale: Brokers must pay $150.00 and salespersons $50.00 for each 2-year term. Additional
licenses for each branch office cost $150.00 .
Question 6:
How many hours of continuing education are required for a salesperson to renew their license in
New York?
A) 10.5 hours
B) 15.5 hours
C) 22.5 hours
D) 45.5 hours
Answer: C
Rationale: Salespersons must complete 22.5 hours of continuing education prior to license
renewal. This includes 3 hours of fair housing and 1 hour of agency disclosure .
Question 7:
What is the maximum fine the DOS can impose for a violation of real estate license law?
A) $500
B) $1,000
C) $5,000
D) $10,000
Answer: B
Rationale: DOS may impose a fine not to exceed $1,000. A misdemeanor violation of license
law is punishable by up to a $1,000 fine and/or up to one year in jail .
Question 8:
If your license is revoked, how long must you wait before applying for a new license?
A) 6 months
, B) 1 year
C) 2 years
D) 5 years
Answer: B
Rationale: If a license is revoked, one must wait ONE YEAR for relicensure .
Question 9:
Which of the following is NOT a type of real estate license in New York?
A) Salesperson
B) Associate Broker
C) Independent Broker
D) Principal Broker
Answer: D
Rationale: The three types of real estate licenses in New York are: salesperson, associate
broker, and broker. An associate broker has no broker powers and must work under a
sponsoring broker .
Question 10:
How many continuing education hours must include fair housing training?
A) 1 hour
B) 2 hours
C) 3 hours
D) 4 hours
Answer: C
Rationale: The 22.5 hours of continuing education must include 3 hours of fair housing training
and 1 hour of agency disclosure .
Question 11:
A salesperson's license is kept by:
