75+ Free New York Real Estate Practice Exam Questions (August 2022)

New York Real Estate Exam

1 / 75

According to the Do Not Call list and Established Business Relationship (EBR) Rules, how many months does a real estate professional have to call an expired listing client to solicit new business (referral)?

2 / 75

Mrs. Jane lives in a small residential neighborhood. 100-year-old trees surround her home, and her neighbor Mr. Joe claims the trees are on his property and is planning on cutting them down. Mrs. Jane tries to reason with Mr. Joe, but he refuses to listen. Mrs. Jane files a lawsuit that includes a court order for Mr. Joe to stop his actions until they can work something out. What type of court order is this?

3 / 75

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

4 / 75

An example of functional obsolescence in real estate is

5 / 75

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

6 / 75

What is radioactive gas dispersed from natural decay of mineral in earth (odorless, colorless, tasteless)?

7 / 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?

8 / 75

Which of the following would MOST likely be considered a fixture?

9 / 75

A mortgage loan that requires monthly payments of $400.00 for 15 years and a final payment of $20,000. Typically a loan structured like is called a

10 / 75

Tenants by the Entirety and Community Property both generally pertain to

11 / 75

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

12 / 75

What is the proper procedure for changing a contract that already has become binding?

13 / 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?

14 / 75

Holding earnest money without depositing it, is what?

15 / 75

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

16 / 75

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

17 / 75

To whom does an agent always owe their fiduciary responsibility?

18 / 75

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

19 / 75

If a contract has prepayment penalties, they can be found in which real estate contract clause?

20 / 75

What agency issues New York real estate licenses?

21 / 75

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

22 / 75

A parcel of land that is subject to an easement is best described as:

23 / 75

Which of the following is a private land-use control?

24 / 75

What's the main point and purpose of the New York State Real Estate Board?

25 / 75

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

26 / 75

A property owner enters into a listing agreement with an agent. The seller obtains a buyer for the house, but the agent receives a commission. The listing agreement between the agent and the property owner was probably

27 / 75

Market value is

28 / 75

Which of the following best describes Eminent Domain?

29 / 75

The amount borrowed is called the:

30 / 75

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

31 / 75

Purchase agreements come big and small, and are a crucial aspect of real estate contract law. Which of the following would be an example of a purchase agreement?

32 / 75

Which business structure traditionally features a board of directors?

33 / 75

What is the government issued plan to guide the long-term physical development of a particular area?

34 / 75

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

35 / 75

Mortgage points, also known as discount points, are

36 / 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?

37 / 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.

38 / 75

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

39 / 75

The best way to determine fair value.

40 / 75

Which of the following would be an example of a deed restriction?

41 / 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?

42 / 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?

43 / 75

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

44 / 75

CRV stands for Certificate of Reasonable Value and is issued by who?

45 / 75

Which of the following is a common example of real estate police power?

46 / 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?

47 / 75

A seller is asked whether any known plumbing defects exist on her property. She replies that to the best of her knowledge there are no plumbing defects. However, unknown to her the pipes are corroded and due for replacement. Is the seller in violation of her disclosure responsibilities?

48 / 75

Generally speaking, what is the most common type of contingency?

49 / 75

In a single agency relationship a real estate broker represents who?

50 / 75

Mrs Thompson hired a broker to find her a 100+ unit apartment complex for sale. Upon finding one she liked, she made an offer for $2.5 million to include all the personal property as well. In order to include all the personal property Mrs Thompson needs a/an:

51 / 75

A couple owns an older home in a neighborhood that is becoming a commercial area. Because of the change in the use of the land, the couple can expect the value of their parcel to increase at some future time. This is an example of the principle of

52 / 75

When calculating the amount of real estate taxes owed, calculations are based on what type of value?

53 / 75

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

54 / 75

The fifth and fourteenth amendments of the U.S. Constitution permit the government to exercise its power of eminent domain. Eminent Domain is commonly used for:

55 / 75

Which of the following is a violation of New York license law?

56 / 75

Why is an oral lease for two years not generally enforceable in law?

57 / 75

Under the Federal Fair Housing Law, which of the following is considered discriminatory advertising?

58 / 75

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

59 / 75

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

60 / 75

Is commingling legal in New York?

61 / 75

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

62 / 75

Which of the following fiduciary duties continues after a listing agreement expires?

63 / 75

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

64 / 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?

65 / 75

Government power is the constitutional authority and inherent power of a state to adopt and enforce laws and regulations to promote and support the public health, safety, morals, and general welfare. Escheat is

66 / 75

An appurtenant easement has several ways of legal termination. Which of the following is NOT a valid way to terminate an easement?

67 / 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:

68 / 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?

69 / 75

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

70 / 75

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

71 / 75

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

72 / 75

Josh agrees to represent Susan in the sale of her home. The listing contract states that Josh will receive a fee of $15,000 from Susan at closing, regardless of the sales price. Is this a legal and a valid form of compensation?

73 / 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?

74 / 75

Local zoning ordinances often regulate all of the following except

75 / 75

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

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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