New York Real Estate Salesperson: Prep for State Exam
This comprehensive study guide is designed for students to help you prepare for the New York Real Estate Salesperson Exam. The course is divided into topic-specific chapters with short lessons and self-assessment quizzes that can gauge your understanding of real estate topic and help you study for prepare for exam day.
Ch 1. Principles of Practicing Real Estate
Ch 2. Forms of Property Ownership
Ch 3. Disclosures of Property Conditions
Ch 4. Role of Agencies in Real Estate
Ch 5. Real Estate Ethics & Professional Responsibility
Ch 6. Encumbrances in Real Estate
Ch 7. Contracts In Real Estate Transactions
Ch 8. Real Estate Financing
Ch 9. Real Estate Closing & Settlement Procedures
Ch 10. Land Use & Regulations
Ch 11. Property Valuation & Appraisal
Ch 12. Land Descriptions & Surveys
Ch 13. Fair Housing & Consumer Protection
Ch 14. Real Estate Insurance & Taxes
Ch 15. Real Estate Investment & Analysis
Ch 16. Leases & Property Management
Ch 17. Engaging in Real Estate in New York
New York Real Estate Salesperson Exam Preparation & Registration
About the Exam
The New York State Real Estate Salesperson exam is open to candidates who have completed a required 75-hour course in real estate. The paper-based exam contains all multiple-choice questions and is based on the material addressed in the required course. You will have 90 minutes to complete this exam. A total of 70% of the questions must be answered correctly to achieve a passing score.
This course does not provide the educational requirement. This course is for students interested in exploring the field, or for review purposes. The course summarizes and provides an overview of the material you could expect to be tested on when taking this real estate licensing exam. You will review such topics as real estate agency roles and practices, Multiple Listing Service (MLS), property rights and forms of ownership, real estate agent duties and types of agencies. Lessons also address closing documentation, mortgage types and requirements, property valuation and market analysis, agreements and contracts, real estate encumbrances and real estate investment. You will also find a lesson discussing New York state real estate licensing requirements, contracts and leases, and regulations concerning property ownership, leasing, property management and financing. Self-assess what you know and what you have learned with quizzes at the end of each lesson.
After satisfying the educational requirement for real estate salesperson candidates, you can apply to take the New York State licensing exam. Upon approval, you must schedule a test time and location by creating an account on eAccessNY. An approved form of identification must be presented on the day of your exam.
The New York Real Estate Salesperson Exam is administered by the New York Department of State Division of Licensing Services,