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Exam Review

Key Facts: NY RE Broker Exam

2 1/2 hrs

Exam Time

NY DOS

Pass/Fail

Score Reporting

NY DOS

20

Minimum Age

RPL 441

152 hrs

Total Education Required

77 SP + 75 broker

2 yrs

Salesperson Experience

NY DOS

$15

Exam Fee

NY DOS

New York's broker exam is a multiple-choice test administered directly by NY DOS (not Pearson VUE) and based on the 152-hour pre-licensing curriculum: the 77-hour salesperson course plus the 75-hour broker course. Candidates get 2 1/2 hours, and DOS reports only pass or fail. Applicants also need 2 years as a licensed salesperson or 3 years of equivalent experience. The broker course gives the most hours to agency law and office operations (26) and to fair housing and fair lending (13).

Sample NY RE Broker Practice Questions

Try these sample questions to review concepts for the NY RE Broker exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 118+ question experience with AI tutoring.

1Under New York law, what is the minimum number of hours of pre-license education required specifically for the broker qualifying course (effective December 21, 2022)?
A.30 hours
B.45 hours
C.75 hours
D.90 hours
Explanation: Effective December 21, 2022, New York requires a 75-hour broker qualifying course (the 'Real Estate Broker 75 Hour Curriculum') on top of the 77-hour salesperson course plus the 30-hour sales supplemental course, totaling 152 hours of qualifying education for new broker applicants. The older 45-hour broker course (which together with the 77-hour salesperson course totaled 122 hours) was replaced when the new educational standards took effect in 2022.
2Who administers the New York real estate broker licensing exam?
A.Pearson VUE
B.New York Department of State (NY DOS)
C.New York Real Estate Board
D.Prometric
Explanation: The New York real estate broker exam is administered directly by the New York Department of State (NY DOS), which is the regulatory authority for real estate licensing in New York. Unlike most states that use third-party testing companies like Pearson VUE or Prometric, New York administers its own exam through DOS testing centers.
3How many questions are on the New York real estate broker exam, and what is the passing score?
A.100 questions, 70% to pass
B.75 questions, 70% to pass
C.150 questions, 70% to pass
D.50 questions, 80% to pass
Explanation: The New York real estate broker exam consists of approximately 100 multiple-choice questions based on the 152-hour broker pre-licensing curriculum, with a 2.5-hour time allotment and a 70% passing score. (This differs from the 75-question, 90-minute salesperson exam, which is the source of the common '53 of 75' figure.) The broker exam covers New York-specific real estate law, brokerage management, trust accounts, agency disclosure, and broker-level supervisory responsibilities.
4What is the minimum experience requirement to apply for a New York real estate broker license?
A.One year as a licensed salesperson
B.Two years of experience as a licensed real estate salesperson (or equivalent)
C.Three years as a licensed salesperson
D.Five years as a licensed salesperson
Explanation: New York requires a minimum of two years of experience as a licensed real estate salesperson, or equivalent experience as determined by the Department of State. Equivalent experience may include holding a broker license in another state. The experience requirement ensures that broker candidates have practical knowledge of real estate transactions before assuming supervisory responsibilities.
5Under New York Real Property Law (RPL), what type of agency disclosure form must be provided to all parties at the first substantive contact?
A.Dual Agency Consent Form
B.Agency Disclosure Form as required by RPL Section 443
C.Exclusive Right to Sell Agreement
D.Property Condition Disclosure Statement
Explanation: New York RPL Section 443 requires that real estate licensees provide an Agency Disclosure Form to all parties at the first substantive contact. This form explains the different types of agency relationships available (seller's agent, buyer's agent, dual agent, broker's agent) and the duties associated with each. The broker must ensure all sponsored agents comply with this disclosure requirement.
6Under New York law, what is the broker's obligation regarding the escrow of down payment deposits?
A.The broker may hold deposits in any personal account
B.The broker must deposit trust funds into a separate, clearly identified escrow account at a New York bank or trust company
C.Down payments must be held by the seller's attorney only
D.Escrow is not required for residential transactions in New York
Explanation: New York law requires brokers who hold down payment deposits to maintain a separate, clearly identified escrow account at a bank or trust company authorized to do business in New York. The account must be labeled as an escrow account and must not be commingled with the broker's personal or business funds. The broker is a fiduciary with respect to these funds.
7In New York, what happens to the interest earned on escrow account funds held by a broker?
A.The interest belongs to the broker as compensation
B.The interest must be paid to the buyer
C.Under the Statewide Escrow Interest Act, interest on qualifying residential escrow accounts goes to the Interest on Lawyer Account (IOLA) fund, unless the parties agree otherwise
D.The interest is always paid to the seller
Explanation: New York's rules regarding interest on escrow accounts follow the pattern established for attorney escrow accounts. For qualifying deposits, interest may be directed to the IOLA fund (which supports legal services for the poor) unless the parties to the transaction have a written agreement directing the interest elsewhere. Brokers must understand these rules when holding funds in interest-bearing escrow accounts.
8A New York broker discovers that a sponsored salesperson has been engaging in real estate transactions without providing the required RPL 443 Agency Disclosure Form. What is the broker's liability?
A.No liability, as the salesperson is independently responsible
B.The broker faces potential disciplinary action for failure to supervise and ensure compliance with RPL 443
C.Only a written warning from DOS with no further penalty
D.The broker must pay a fine of $100 per violation
Explanation: The broker is responsible for supervising sponsored salespersons and ensuring compliance with all New York real estate laws, including RPL Section 443 agency disclosure. Failure to supervise can result in disciplinary action by the Department of State, which may include fines, license suspension, or revocation. The broker must have policies and training in place to ensure all agents provide required disclosures.
9Under New York law, which of the following is the standard listing agreement that gives the broker the right to a commission regardless of who sells the property?
A.Open listing
B.Exclusive agency listing
C.Exclusive right to sell listing
D.Net listing
Explanation: The exclusive right to sell listing is the most comprehensive listing agreement, giving the broker the right to a commission regardless of who procures the buyer — even if the seller finds the buyer independently. This is the most commonly used listing type in New York. An exclusive agency listing gives the seller the right to sell independently without paying a commission, while an open listing is non-exclusive.
10Under New York DOS regulations, what are the requirements for a broker to maintain a branch office?
A.No special requirements — the broker can open offices freely
B.The broker must obtain a separate branch office license from DOS for each office and designate an associate broker to manage it
C.The broker needs permission from the local zoning board only
D.Branch offices are prohibited in New York
Explanation: Under DOS regulations (19 NYCRR Part 175) and the DOS branch office application process, a New York broker must obtain a separate branch office license for each office location beyond the main office. A licensed associate broker (or the principal broker) must be designated as the branch office manager and is responsible for supervising activity at that location. The principal broker remains responsible for all activities conducted at branch offices. Operating a branch without proper licensing is a violation that can result in disciplinary action.

About the NY RE Broker Exam

The New York real estate broker exam is a multiple-choice exam administered directly by the NY Department of State and based on the 152-hour pre-licensing curriculum: the 77-hour salesperson course plus the 75-hour broker course. Candidates get 2 1/2 hours, and results are reported only as pass or fail. The broker course covers agency and license law, office operations, finance, investment, construction, conveyance, property management, taxes and assessments, fair housing and fair lending, transaction analysis and local issues.

Exam sponsor: New York Department of State (DOS). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Question count not published by the exam provider

Time Limit

2 1/2 hours

Passing Score

Pass/fail (no numerical score reported)

Exam / Certification Fees

$15

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

26 hours

Agency Law, License Law and Operating a Real Estate Office

Law of agency and dual agency, Article 12-A and 19 NYCRR Parts 175-179, broker supervision and office managers, onboarding, agent safety, teams, standard operating procedures, escrow, BPOs, MLS participation and financial management

7 hours

Real Estate Finance

Mortgage instruments and loan types, mortgage bankers and brokers, risk management, financial analysis for commercial transactions, sources of loan funds and the secondary market

4 hours

Real Property Investment

Investment strategy, income capitalization, gross rent and income multipliers, reconstructed income statements, depreciation and investment ratios

3 hours

General Business Law

Federal, state and local laws affecting transactions (fair housing, lead paint, agency and listing disclosures, security deposits), the UCC, negotiable instruments, dispute resolution, bankruptcy, estates and statutes of limitation

3 hours

Construction and Development

Building codes and construction standards, zoning, home inspections, home rule and subdivision approvals, absorption rates, and condominium and cooperative offerings

4 hours

Conveyance of Real Property

Commercial and residential leasing terms, and voluntary and involuntary transfers of real property

4 hours

Real Property Management

Property manager roles, net operating income, cap rates, rent types and lease clauses, budgets, maintenance and the owner relationship

3 hours

Taxes and Assessments

Assessment exemptions such as STAR, senior, veteran and disability exemptions, assessed versus market value, equalization rates and PILOT programs

13 hours

Advanced Fair Housing and Fair Lending

Protected classes in New York, blockbusting, steering and redlining, fair lending, cultural competency, implicit bias, assistance animals, and source of income and subsidy programs

6 hours

Achieving Transactional Agreements through Transaction Analysis

Confidentiality agreements and negotiating a transactional agreement that serves the client

2 hours

Local Issues and Concerns

How local issues, government services and community debates affect property values

Preparing for the NY RE Broker Exam

What You Need to Know

  • Passing score: Pass/fail (no numerical score reported)
  • Assessment: Question count not published by the exam provider
  • Time limit: 2 1/2 hours
  • Exam / certification fees: $15 Official sources

Using Our Practice Resources

  • Work through all 118 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

NY RE Broker: Suggested Study Strategy

1Master RPL 443 agency disclosure: know when to provide it, the four agency relationship types, and the broker's agent distinction
2Understand HSTPA 2019 changes: one month max security deposit, 14-day return timeline, IAI caps for rent-stabilized units, elimination of vacancy decontrol
3Study co-op vs condo differences: shares + proprietary lease vs deed + common interest, financing implications, board approval, offering plans
4Know NY closing costs: state transfer tax ($4/$1,000), NYC RPTT (1%/1.425%), mansion tax (1% over $1M), mortgage recording tax
5Learn escrow rules: separate labeled accounts, 3-year record retention, DOS audit procedures, commingling vs conversion distinctions

Frequently Asked Questions

How hard is the New York real estate broker exam?

DOS does not publish a pass rate or a passing percentage: results are reported only as pass or fail, with no numerical score. The multiple-choice exam is based on the 152-hour pre-licensing curriculum, candidates get 2 1/2 hours, and DOS administers it directly. Passed results are valid for two years.

What are the prerequisites for a New York broker license?

You need a 75-hour broker qualifying course from a DOS-approved school (effective December 21, 2022), plus the 77-hour salesperson qualifying course prerequisite (152 total hours of education). You also need 2 years of experience as a licensed real estate salesperson, or 3 years of experience in the general real estate field (or a combination), meeting the DOS minimum points for the experience type. The experience requirement ensures practical knowledge before assuming supervisory responsibilities.

What changed with the New York PCDA $500 credit in 2024?

Under New York's Property Condition Disclosure Act (RPL Article 14), sellers of 1-to-4 family residential property must deliver a completed Property Condition Disclosure Statement (PCDS) to the buyer before the buyer signs a binding contract. Effective March 20, 2024, the legislature repealed the historic $500 opt-out credit that had previously let sellers skip the disclosure by paying a $500 credit at closing. Sellers must now complete the current Property Condition Disclosure Statement (DOS-1614-f, Rev. 02/25, required from July 1, 2025), whose 56 numbered questions include flood risk disclosures; the disclosure is mandatory for all non-exempt residential transfers.

How does dual agency work in New York?

In New York, dual agency occurs when a single broker represents both buyer and seller. It requires informed, written consent from both parties after full disclosure of the inherent conflicts. The broker must explain limitations including the inability to advocate for either party's position. This must be disclosed on the RPL 443 Agency Disclosure Form.