Free New York Real Estate Practice Exam Questions (April 2025) 75+

New York Real Estate Exam

1 / 75

The cost of public services is distributed among real estate owners through what?

2 / 75

The deed that offers the grantee the most protection. With this type of deed, the grantor makes a series of legally binding promises (called covenants) and warranties to the grantee agreeing to protect the grantee against any prior claims and demands of all persons whomsoever in regards to the conveyed land.

3 / 75

Which of the following is an example of Real Property?

4 / 75

When do real estate licenses expire in New York?

5 / 75

Is commingling legal in New York?

6 / 75

What is the difference between a testate estate and an intestate estate?

7 / 75

Used in connection with CERCLA and the creation of The Superfund; Retroactive liability means:

8 / 75

Steve (a real estate agent of five years) was at his local coffee shop with some agents from other offices. The subject of commissions came up, and agents began to compare their commission rates. What should Steve do?

9 / 75

What is the total quantity that buyers are willing to buy at a given time at certain prices?

10 / 75

Which of the following best describes the acceleration clause?

11 / 75

A buyer wants to be represented by several different agents while looking at various properties. This is an example of what?

12 / 75

A property's market value is $400,000. The assessment rate for the house is 25% with 22.75 mills and a $25,000 property tax deduction. Find the annual property taxes.

13 / 75

Johnny is purchasing a house and does not want to purchase all of the furniture that is being left behind. He signs the contract on Tuesday, and on Thursday changes his mind about the furniture. He calls his agent, and they add the furniture to the contract. What is this an example of?

14 / 75

An elderly man in a nursing home, has no family and is suffering from Alzheimer’s. Because of his Alzheimers, he doesn’t remember much. Eventually, he passes away in his sleep. There is no will for the man, and again he has no family. So what happens to the money left in his savings account and his old farm that has been left untouched since he entered the nursing home?

15 / 75

Which of the following real estate contract clauses establishes order of priorities of financial claims (liens)?

16 / 75

A senior housing development may refuse to rent to families if what?

17 / 75

If a seller rejects a written offer made by a buyer, changes the terms of the offer, and has the new offer delivered to the buyer, it is considered what?

18 / 75

What is the possible fine of violating New York Real Estate Licensee Law?

19 / 75

Which of the following statements is TRUE about trusts and trustors?

20 / 75

What hazardous substance is an odorless, colorless gas that can cause death within hours of inhalation?

21 / 75

The lender in a traditional mortgage loan transaction is known as what?

22 / 75

What is a written supplement or amendment to an existing will such as one affecting the transfer of real estate upon death?

23 / 75

What form of legal land description consists of principal meridian lines that cover most states in the US, running north to south and baselines running east to west?

24 / 75

What is the highest form of real estate ownership that is recognized by law, in which the owner can enjoy the property to its fullest extent?

25 / 75

What is a one-of-a-kind contract that is solely between the seller and the buyer. In this arrangement, the seller gives the buyer the option to purchase property at a given price for a set period?

26 / 75

Under the terms in a mortgage, the lender must be paid in full if the property is sold to another person. This is known as the

27 / 75

Typically a trust is a _____ -party relationship.

28 / 75

Which situation is legal under the Federal Fair Housing Act of 1968?

29 / 75

Which act amended the comprehensive environmental response, compensation, and liability act (also known as CERCLA)?

30 / 75

A seller made a counteroffer and gave three days for acceptance. The very next day, the seller receives a better offer, which they want to accept. What is the first step the seller should make?

31 / 75

What is Ginnie Mae’s primary responsibility?

32 / 75

Altering a written document by improperly signing someone else's name to an instrument is what?

33 / 75

Andrew created a life estate on his property for his sister Gabby. Under the terms of the deed, ownership of the property will last until

34 / 75

Tony and Taylor are two unmarried individuals who own property with equal interests and a right to survivorship. Which of the following forms of ownership would Tony and Taylor most likely have?

35 / 75

Using a trust typically has advantages and disadvantages. One of the main advantages of Land Trusts are:

36 / 75

What is the minimum age requirement to become a real estate salesperson in New York?

37 / 75

Real property can be converted to personal property by

38 / 75

A tenant rented an apartment, signing a 12-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have?

39 / 75

What is the agency responsible for the enforcement of the Fair Housing Act?

40 / 75

During a standard residential transaction, verifying ingress and egress rights is an essential part of the:

41 / 75

An interest in real property which is held for the duration of the life of a designated person is called a

42 / 75

Which of the following would not be considered appurtenant?

43 / 75

Requires public accommodations to remove barriers in existing buildings such as adding braille markings to elevator buttons, is a requirement of which law?

44 / 75

When talking about business and professional ethics, as a licensed real estate agent, it is important to make sure:

45 / 75

In common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed. It is commonly associated with transferring title to property. Within deeds, covenants are:

46 / 75

By which of the following can you not lose title to your property involuntarily?

47 / 75

A real estate contract can be rescinded because of what?

48 / 75

A real estate commission is usually based on the:

49 / 75

Which of the following is NOT a main element of a valid real estate contract?

50 / 75

Enacted in 1974, which of the following is a regulation that aims to give all legal individuals an equal opportunity to apply for loans?

51 / 75

Brokerages and real estate agents across America connect using a

52 / 75

A buyer was negotiating the purchase of a lot to build a new family house, the seller indicated that the land was firm enough to support the construction of a building when, in fact, the seller knew it was not. The contract is

53 / 75

Who dictates trust accounts and when to deposit earnest money or other trust funds?

54 / 75

Even after an offer has been accepted and signed (by all parties), the buyer and seller may still choose to sign mutual release papers rather than proceed to closing. Which of the following circumstances would NOT give either party a justifiable reason to insist on a mutual release?

55 / 75

A contract for the sale of real estate that does not state the consideration to be paid for the property and is not signed by the parties is considered what?

56 / 75

A homeowner hired a construction company to build a swimming pool at his home. The homeowner failed to pay the bill once the work was completed and the construction company filed a lien to obtain payment of the debt. The encumbrance created is called a:

57 / 75

How long must a New York Broker retain their records?

58 / 75

What best describes the type of agency typical in property management - in which an agent has limited power?

59 / 75

What is the best definition listed for the term: “conventional loan?”

60 / 75

Tenants by the Entirety and Community Property both generally pertain to

61 / 75

A collection of federal and state government laws that regulate the conduct and organization of business corporations, normally to promote fair competition for the benefit of consumers.

62 / 75

What governmental body oversees mortgage brokers and mortgage bankers within New York?

63 / 75

According to the Do Not Call list and Established Business Relationship (EBR) Rules, how many months does a company have to call the consumer if they made an inquiry with the company?

64 / 75

Which of the following is an economic characteristic of real estate?

65 / 75

Is crossing out part of a printed contract allowed and legally enforceable?

66 / 75

Choose the best answer. Which of the following is an example of a Special Use property?

67 / 75

Which of the following is a physical characteristic of real estate?

68 / 75

Which of the following real estate contracts is a service contract?

69 / 75

The type of easement that is a right-of-way for a utility company's power lines is what?

70 / 75

Which of the following would NOT apply to the income approach in the valuation process?

71 / 75

The owner of a secluded area adjacent to the ocean noticed that people from the local town walked along the shore in front of his property. The owner learned that the local citizens had been walking along this beach for half a century. The owner went to court to try to stop people from walking along the water's edge in front of his property. The owner is likely to be:

72 / 75

An example of an antitrust violation is

73 / 75

What is it called when parties have fully performed the terms of a contract?

74 / 75

A legal way to dissolve the relationship when the parties don't voluntarily agree to its termination is called

75 / 75

Which of the following statements is TRUE about trusts and trustees?

Your score is

Hello, welcome to our New York Real Estate Practice Exam.

In New York, there are 75 questions on the exam. Many states have a national portion and a state portion, but New York has one section combining both for a total of 75 questions. 

The two most effective study tools for the state exam are practice exams and learning the state-specific license laws. 

Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. 

If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

New York Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

NYS Board of Real Estate https://dos.ny.gov/nys-board-real-estate

  • Purpose
  • Guidelines

Property Law and Related Statutes https://dos.ny.gov/system/files/documents/2022/03/re-law.pdf

  • Definitions
  • State License Law
  • Prohibited Practices
  • Environment Law

NOTE: State websites update semi-frequently and sometimes their website URLs change. If any of the links posted below do not work, please reach out and we will update the links promptly. Thank you.


New York Real Estate Exam FAQs

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are New York’s Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are New York’s requirements:

  • Must be 18 years or older.
  • Must obtain and submit a copy of your own fingerprints.
  • Must complete required state-approved pre-licensing courses (75 credit hours).
  • Estimated cost of total fees and license: $70

How Hard is the New York Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in New York, you’ll need to get a score of at least 70%. With a total of 75 questions, that means the score to pass is 53.

How Many Questions Can You Miss on the New York Real Estate Exam?

In New York, you can miss 22 questions and still pass the real estate exam.

How Many Times Can You Take the New York Real Estate Exam?

There are no limits to the number of times you can take your real estate exam. Anyone who fails the New York state exam may immediately pay and reschedule the exam. There are no restrictions.


What Is on the New York Real Estate Exam?

The 75 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to New York real estate license law. Here are what topics you are expected to know:

New York General Exam Topics:

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate

New York State Exam Topics:

  1. New York State License Law
  2. New York Real Estate Board Purpose and Guidelines
  3. New York Real Estate Prohibited Practices
  4. Environment Laws Applicable to New York

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