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

New York Real Estate Exam

1 / 75

When do real estate licenses expire in New York?

2 / 75

Which of the following legal concepts requires real estate listings to be in writing?

3 / 75

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

4 / 75

Whose obligation is it to disclose potential lead-based paint to buyers of homes built before 1978?

5 / 75

What is the difference between a lease option contract and lease purchase contract?

6 / 75

The increase of value with the passage of time is best described as:

7 / 75

An offer to purchase real estate becomes a contract when it is signed by the

8 / 75

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

9 / 75

Which of the following best describes real property?

10 / 75

How many hours of continuing education are required for New York real estate salespersons?

11 / 75

Most real estate sales contracts include contingency clauses, making them what?

12 / 75

What type of ownership model is used for vacation real estate in which multiple purchasers own allotments of usage, typically in one-week increments, for the same property?

13 / 75

In an offer to purchase property, the buyer states, "If we cannot obtain a mortgage loan for 4.5 percent or less, we will not purchase the property and expect the earnest money to be refunded in full." This is an example of what?

14 / 75

Which of the following is a lien?

15 / 75

Which of these meets the Department of Housing and Urban Development’s (HUD) definition of family as a protected class?

16 / 75

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

17 / 75

Acceleration is a term associated with which type of document?

18 / 75

Under a lease for a commercial property, a tenant agrees to pay $3,000 per month plus 4% of the gross monthly sales. This type of lease is called a:

19 / 75

Which of the following would not be considered real property?

20 / 75

Earnest money should be deposited into a trust account:

21 / 75

Liquidated damage is most likely to be found in which of the following documents?

22 / 75

According to the Do Not Call list and Established Business Relationship (EBR) Rules, a real estate professional may contact a past client for relationship building purposes when?

23 / 75

Choose the best answer. A lawsuit for inverse condemnation may be brought by:

24 / 75

In terms of financing involved for a real estate purchase, which custom is practiced in New York?

25 / 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?

26 / 75

Fee packing, equity stripping, and balloon payment abuses are all examples of what?

27 / 75

When, if all, can an executed contract be assigned?

28 / 75

Typically a trust is a _____ -party relationship.

29 / 75

A seller tells the listing agent that her home was treated for termites five years ago, and that there are no termites now. Before listing the property, the agent should

30 / 75

Which of the following contracts would best be described as a contract in which only one party makes a promise to perform an action?

31 / 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?

32 / 75

Which of the following would NOT be covered under a builder's new home warranty?

33 / 75

A parcel of real property that has an easement over another piece of property is best described as:

34 / 75

A lender's refusal to lend money to potential homeowners attempting to purchase property located in predominantly minority neighborhoods is

35 / 75

Real property can be converted to personal property by

36 / 75

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

37 / 75

Which of the following statements is NOT true about radon?

38 / 75

A contract may include a clause that limits the amount of money to which the seller is entitled in case the buyer breaches the contract. What is this called?

39 / 75

If a court decides a remedy for a seller compelling them to sell the property, it is known as what?

40 / 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?

41 / 75

While the economy is experiencing inflation, interest rates typically:

42 / 75

The Civil Rights Act of 1866 prohibits discrimination in real estate based on:

43 / 75

Utilizing the 28/36 rule, if Rebbecas gross income is $4,500 a month, she would need to spend less than ______ in housing costs a month to qualify for most loans.

44 / 75

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

45 / 75

In preparing for variable expenses in a property management budget, the property manager should set up a what?

46 / 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:

47 / 75

Upon payment and delivery of the deed, the seller should also deliver what? Can be quite complex or quite simple—depending on the type of real estate transaction.

48 / 75

After smoking, this is the second leading cause of lung cancer in the United States. A naturally occurring gas that forms in rocks, soil, and water.

49 / 75

When you buy real property, you gain several different kinds of rights. One of which are rights called "surface rights." What are surface rights?

50 / 75

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

51 / 75

Find the annual GRM. A 9-unit building in Cleveland Ohio, with an asking price of $500,000 and gross annual rents of $75,000.

52 / 75

Mortgage points, also known as discount points, are

53 / 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

54 / 75

Which valuation method or appraisal approach involves comparing a property to other recently sold properties in the same area of similar size and condition?

55 / 75

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

56 / 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

57 / 75

Researching recently sold homes in the area and homes that haven't been sold in the area and comparing their prices. Is an example of

58 / 75

Three identical properties in a suburban neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which property would have sold for the lowest price?

59 / 75

If someone is unlawfully forced to execute a contract it is called what?

60 / 75

In most cases, a tenant in an apartment holds:

61 / 75

In a typical real estate market, if the demand for commercial office space declines and the supply of office space also declines at the same ratio, market rent per square foot should:

62 / 75

Which of the following is an example of Economic Obsolescence?

63 / 75

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

64 / 75

The “time is of the essence” contract clause in real estate contracts generally has to do with what?

65 / 75

Which of the following would generally constitute an antitrust violation?

66 / 75

Buyer Dan is considering buying a lot to build a single family residence. Dan hires an appraiser to appraise the lot. Which approach to value would the appraiser choose to complete the task?

67 / 75

When real estate agents alert the members of a neighborhood that it is "changing" and that they should sell their property. This is an example of what?

68 / 75

What type of court handles the analysis and transfer of real estate or general estate assets of a deceased person (without a will)?

69 / 75

Which answer includes 3 actual types of business structures? Choose the best answer.

70 / 75

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

71 / 75

Justin takes out a mortgage loan that requires monthly payments of $650.50 for 25 years and a final payment of $30,000. What type of loan is this?

72 / 75

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

73 / 75

If a leased premises becomes uninhabitable deliberately in an attempt to remove the tenant. What is this action called?

74 / 75

There are three different main approaches that appraisers use while they make an appraisal. What are they?

75 / 75

This approach determines what the property generates in profit for it’s owner or potential owner.

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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