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

New York Real Estate Exam

1 / 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.

2 / 75

During your time as agent you will run into many different types of people from areas across the world. Closing is called many names depending on which region of the U.S you are from. Which of the following is NOT a legal name for closing?

3 / 75

New York has real estate license reciprocity agreements with which states?

4 / 75

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

5 / 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.

6 / 75

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

7 / 75

Which of the following laws prohibits discrimination in the buying, selling, renting or financing of housing. These laws prohibit discrimination based on race, religion, color, sex, disability, children, nationality and more.

8 / 75

What of the following is required by the Americans with Disabilities Act(ADA)?

9 / 75

What is best defined as, a document in which a property owner contracts with a real estate agent to find a buyer for the owner's property?

10 / 75

This act, allowed greater control for the EPA to control contaminant levels, take legal action against public water auth. for violations, and require periodic water testing and notification to state authority and homeowners if contaminated.

11 / 75

What is the outcome when a purchaser signs a purchase agreement and gives the seller's broker a large check?

12 / 75

Which action is legal as a real estate agent? (Antitrust Laws)

13 / 75

Mortgage points, also known as discount points, are

14 / 75

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

15 / 75

In the case of a standard tax lien who gets paid first?

16 / 75

Local zoning ordinances often regulate all of the following except

17 / 75

Which business structure traditionally features a board of directors?

18 / 75

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

19 / 75

Which of the following would not be considered appurtenant?

20 / 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.

21 / 75

The fact that land has a number of important uses is the basis for what essential element of value?

22 / 75

What is the document that defines the relationship between the broker and the seller?

23 / 75

A property's market value is $350,000. The assessment rate for the house is 15% with 27.50 mills. Find the annual property taxes.

24 / 75

What is the test done to locate where to place a septic system?

25 / 75

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

26 / 75

Which of the following real estate contract clauses is typically seen in blanket mortgages and allows for the freeing of all or part of a property from a claim through a proportional or full amount of the mortgage being paid off?

27 / 75

Which of the following statements about water rights is true? Choose the best answer.

28 / 75

Traditionally real estate agents are paid through a fee paid for performing a transaction, called a

29 / 75

Typically a warranty deed contains how many covenants?

30 / 75

A seller named Joan gave a buyer named Bob an option for thirty days to purchase her property for a consideration of $750. There is no anti-assignment clause in the contract. Which of the following statements is NOT true?

31 / 75

Which of the following can be achieved by dividing the price of the property by the rent that is produced?

32 / 75

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

33 / 75

If a legal description is too long to include in the body of a sales contract, a real estate professional should do what?

34 / 75

According to license law in New York when must a broker deposit transactional funds into a trust account?

35 / 75

Generally speaking, what happens when the supply of available houses in an area decreases significantly?

36 / 75

What is Ginnie Mae’s primary responsibility?

37 / 75

What is the illegal action or practice of lending money at unreasonably high rates of interest?

38 / 75

A double net lease is a rental agreement where:

39 / 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?

40 / 75

The term "Licensee," is commonly used in real estate law. A licensee is just:

41 / 75

Who is most likely to win a suit for specific performance?

42 / 75

When do real estate licenses expire in New York?

43 / 75

The ability to buy and sell is also known as what essential element of value?

44 / 75

An individual seeking to be excused from the requirements of a zoning ordinance needs a

45 / 75

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

46 / 75

Which of the following best describes Eminent Domain?

47 / 75

What best describes an agency relationship where an agent has legal authority to act on behalf of the principal?

48 / 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?

49 / 75

A housing development advertising its units being only available to people over 55 is what?

50 / 75

At the very minimum advertising property or services by real estate professionals, should include what?

51 / 75

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

52 / 75

Puffing is a term referring to

53 / 75

Under what situation, if any, may a lender consider age when making a lending decision?

54 / 75

Which of the following would be classified as “consideration” in a real estate contract?

55 / 75

The statute of frauds, applies to

56 / 75

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

57 / 75

How long are terms for members of the New York State Board of Real Estate?

58 / 75

An individual owned three acres of land. When she sold one acre to her friend, she reserved for herself and family an appurtenant easement over the friend's land for ingress and egress. The friend's land is what?

59 / 75

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

60 / 75

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

61 / 75

Restrictive covenants, are also known as

62 / 75

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

63 / 75

Which of the following situations would a percentage lease be most commonly used in?

64 / 75

Mr. Jay lives on a property right next to a bridge. The state wants to widen the bridge due to the higher amounts of traffic reported. The state needs the space on either side of the bridge to widen the road. The government seizes Mr. Johnson’s property and gives him $150,000 for it. This government's right to take over privately-owned real for public use is an example of:

65 / 75

Which of the following is not a type of depreciation used in the cost approach?

66 / 75

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

67 / 75

A real estate agent advertised a home for $250,000. When a Chinese couple asked the agent for the price of the house. The agent told them the seller wanted $260,000 instead. Under the federal Fair Housing Act of 1968, such a statement is

68 / 75

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

69 / 75

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

70 / 75

The real estate contract clause that almost always begins with the words "to have and to hold."

71 / 75

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

72 / 75

If your New York real estate license is revoked, how long do you have to wait to re-apply for a new one?

73 / 75

When a furnishing company creates materials for the construction of a house and is subsequently not paid, it may file a(n):

74 / 75

Which New York law allows the Department of State to revoke, suspend, fine, or reprimand a real estate broker?

75 / 75

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

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

Want New York Real Estate Exam Prep?

Between our real estate practice exams, real estate prep, and educational video lessons – there is no better way to prepare for your exam day.

We’ve seen our students get results countless times so we’re proud to stand behind our content. Your success is everything to us, which is why we offer a no-questions-asked 30-day money-back guarantee.

We’ve helped thousands of motivated people pass their real estate exams and make their dreams come true. Ready to get started?

Real Estate License Wizard