New York Real Estate Salesperson Practice Exam
The New York Real Estate Salesperson Practice Exam is a comprehensive assessment tool designed to prepare candidates for the official New York State licensing examination. This practice exam covers the full scope of topics required by the New York Department of State, including Agency Law and Fiduciary Duties, Contract Law and Transactions, Fair Housing and Ethics, Financing (mortgages, loans, types), Forms of Ownership and Land Use, Leases and Property Management, License Law and Regulations (state-specific), Property Disclosures, Property Valuation and Appraisal, and Real Property Characteristics and Types. With 166 questions, it mirrors the breadth and depth of the actual exam, testing both foundational knowledge and state-specific nuances. This exam is intended for aspiring real estate salespersons who are completing their 77-hour pre-licensing course and seeking to pass the state exam on their first attempt. It is also valuable for licensees looking to refresh their knowledge or identify weak areas. By taking this practice exam, users will gain a clear understanding of the exam format, question styles, and the critical legal and ethical standards that govern New York real estate practice. Successfully mastering this content builds confidence and ensures readiness for the high-stakes licensing exam.
Preguntas de Muestra
Prueba algunas preguntas para ver cómo es el examen completo.
A $920,000 residential property sells at full list price. The exclusive right-to-sell listing agreement provides for a total commission of 5.5%. The listing brokerage offers a 2.5% co-broke commission to the buyer's brokerage. The selling salesperson has a 60/40 split agreement (salesperson receives 60%) with the buyer's brokerage firm. How much commission will the selling salesperson receive from this transaction?
Married couple Robert and Lisa Chen purchase a single-family residence in Ulster County and take title in the deed as "Robert Chen and Lisa Chen, husband and wife." Under New York common law and statutory presumptions, what form of ownership is created and what is one key legal consequence?
Buyer's agent Priya from Empire Realty has been working exclusively with client Rachel for three weeks searching for a co-op in Chelsea. At a showing of a unit listed by another firm, the listing broker suggests they "team up" to represent both sides, split the commission, and get the deal closed faster. Priya verbally agrees but does not inform Rachel or provide any written disclosure. Later that day Rachel makes an offer. What is the primary violation?
A judgment lien is docketed against a seller on June 1. On July 15 the seller contracts to sell the property. A purchase-money mortgage is recorded at closing on August 20. The mechanic who performed work visible on the property in May files a mechanic's lien on September 5. Assuming all other requirements are met, what is the priority order among these liens?
A property manager for a large apartment complex requires all applicants to provide Social Security numbers and to demonstrate that their income is at least three times the monthly rent. The manager rejects an applicant who receives Section 8 housing choice vouchers, stating that the complex "does not accept vouchers." Which statement is most accurate under fair housing law?