Free New York Real Estate Exam Prep - Real Estate Practice Exam NY

Pass the New York real estate Salesperson exam

Be prepared to pass the New York real estate Salesperson exam on your 1st try with real estate practice exam NY. Get a free New York real estate practice exam online written by Kristen Bacorn below. RELNY’s 75hr NYS real estate Salesperson licensing course is the best NY real estate exam prep on the market, and contains over 2,000 real estate practice exam questions, vocabulary flashcards, and the course has narration in English, with subtitles and transcripts in English, Spanish, Russian, Korean & Chinese.

New York Real Estate Exam Prep

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Free New York Real Estate Practice Exam

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Category: License Law

What is the age requirement to be a real estate broker in New York State?

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Category: License Law

If broker’s license is revoked by Dept. of State, what happens to licenses of salespersons associated with that broker?

3 / 75

Category: Management

What type of planning document includes income and expenses for a property?

4 / 75

Category: Management

Who owes fiduciary duties to whom?

5 / 75

Category: Real Estate Finance

What is it called when a lender evaluates a prospective buyer and determines type and amount of mortgage they qualify for?

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Category: Tax

As independent contractors, real estate salespersons must pay:

7 / 75

Category: Tax

What words are used to describe property in a 1031 tax exchange?

8 / 75

Category: Tax

What are things owned as investments, such as real estate, stocks, cars, or cash?

9 / 75

Category: Commercial

Percentage leases are used with what type of commercial properties?

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Category: Commercial

What is it called when lease allows landlord to get tenants to help pay unexpected increases in operating costs?

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Category: Commercial

Pam’s lease does not allow evening promotional parties in the store. Which clause would prohibit this?

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Category: Math

A building has 12,800 rentable sf, 10,000 of which are considered usable. What is efficiency factor?

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Category: Math

Which statement does an investor use to estimate and project a property’s future income potential?

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Category: Commercial

Hotels are more dependent than other properties on:

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Category: Commercial

What store sells a large number of necessary products, but also generates business for other stores?

16 / 75

Category: Contracts

How many years is a typical office lease?

17 / 75

Category: Commercial

Also called a land lease, what is a long-term lease on commercial property?

18 / 75

Category: Commercial

Building classes A, B, and C are:

19 / 75

Category: Condos & Co-ops

Who holds title to a specific co-op apartment?

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Category: Condos & Co-ops

What is a flip tax?

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Category: Condos & Co-ops

If a building has 2 condos for residential and commercial use, what is it called?

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Category: Condos & Co-ops

Co-op shares are what kind of property, conveyed by what document?

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Category: Tax

In a tax grievance, who has burden of proof?

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Category: Math

If a home’s market value if $300,000 and community’s uniform assessment is 60%, what is assessed value?

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Category: Tax

What real estate is not assessed for tax purposes?

26 / 75

Category: Safety

What is the most important preparation for an open house?

27 / 75

Category: Insurance

What kind of homeowners policy do renters buy?

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Category: Municipal Agencies

What does zoning board of appeals do?

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Category: Municipal Agencies

How is property tax rate set?

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Category: Tax

How many years is the tax depreciation period for an apartment building on a straight-line basis?

31 / 75

Category: Fair Housing

Which is an example of redlining?

32 / 75

Category: Fair Housing

An NYC resident feels discriminated against by a landlord because of her gender. To whom can she report?

33 / 75

Category: Fair Housing

What did U.S. Supreme Court determine in Plessy v. Ferguson?

34 / 75

Category: Fair Housing

Which two groups were protected in 1988?

35 / 75

Category: Valuation

By law, a CMA can never be called:

36 / 75

Category: Valuation

When property value decreases because of outdated style, it could be the result of:

37 / 75

Category: Valuation

What does appraiser do when giving an opinion of value?

38 / 75

Category: Environment

Which one of the following federal laws dramatically curtailed the use of CFCs?

39 / 75

Category: Environment

If termites are found in a home inspection, who pays to remediate?

40 / 75

Category: Environment

Which is not a pollution threat in outdoor urban air?

41 / 75

Category: Construction

What material are city water mains made of?

42 / 75

Category: Construction

What is another word for slope or angle of roof?

43 / 75

Category: Land Use

Illegally rezoning one parcel to benefit one owner but without following the master plan is:

44 / 75

Category: Land Use

Local laws regulating property use are called:

45 / 75

Category: Municipal Agencies

What is the main purpose of Dept. of Buildings?

46 / 75

Category: Real Estate Finance

What is the definition of APR?

47 / 75

Category: Real Estate Finance

When Pam’s home mortgage was sold on secondary market, who most likely bought it?

48 / 75

Category: Real Estate Finance

Which is never considered a part of the real estate cycle?

49 / 75

Category: Real Estate Finance

What loan does a developer use to cover lots in a subdivision?

50 / 75

Category: Mortgage Brokerage

What is PITI?

51 / 75

Category: Contracts

If one party in a bilateral contract fails to perform, it is a:

52 / 75

Category: Contracts

What is the status of a contract to do something illegal?

53 / 75

Category: Contracts

In a lease, a tenant pays rent in return for:

54 / 75

Category: Legal Issues

What is a summary of title report?

55 / 75

Category: Legal Issues

What kind of notice is recording with county clerk?

56 / 75

Category: Tax

What happens if owner dies intestate with no known heirs?

57 / 75

Category: Legal Issues

Where are quitclaim deeds frequently used?

58 / 75

Category: Legal Issues

What is a conveyance of title?

59 / 75

Category: Legal Issues

Sam can cross Pam’s land to reach his landlocked home. What kind of easement does Sam have?

60 / 75

Category: Legal Issues

What kind of lien is a mortgage?

61 / 75

Category: Legal Issues

Which business has the same legal rights as a person?

62 / 75

Category: Condos & Co-ops

How do condo residents take ownership of shared areas like parking garage and lobby?

63 / 75

Category: Legal Issues

Unless it is a lesser estate, what kind of estate is it?

64 / 75

Category: Tax

What is the main difference between employee and independent contractor?

65 / 75

Category: Law of Agency

Which transactions do not need Agency Disclosure Form?

66 / 75

Category: Law of Agency

How does a brokerage decide whom to represent?

67 / 75

Category: License Law

What is a common violation of license law?

68 / 75

Category: Law of Agency

What is the critical issue for broker’s agents?

69 / 75

Category: Contracts

Which is illegal?

70 / 75

Category: Legal Issues

In real estate, which is not prohibited by Sherman Act?

71 / 75

Category: Law of Agency

A co-broker in a cooperative transaction owes loyalty to everyone except:

72 / 75

Category: Legal Issues

Which is not specifically mentioned as non-material defect under stigmatized property disclosure law?

73 / 75

Category: Law of Agency

What is not included in the duty of honesty to the customer?

74 / 75

Category: Law of Agency

When is dual agency legal?

75 / 75

Category: License Law

What is not a possible consequence of violating Article 12A?

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