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Which New York state agency is responsible for issuing and regulating real estate licenses?

New York Real Estate Board

New York Department of State (DOS), Division of Licensing Services

New York Department of Financial Services

New York Division of Housing and Community Renewal

to track

2026 Statistics

Key Facts: NY Real Estate Exam

63%

First-Time Pass Rate

NY DOS 2024

75 Q

Exam Questions

NY DOS

77 hrs

Pre-License Education

NY DOS

$15

Exam Fee

Lowest in US

Mansion Tax

$1M+ sales

$500

PCDA Credit

Disclosure opt-out

New York's real estate exam has a 63% first-time pass rate with 31,200 annual candidates. It requires a 77-hour pre-license course, 75 questions in 90 minutes, and 70% to pass. NY is an attorney-closing state, has unique co-op/condo requirements, strong fair housing protections (NY Human Rights Law), and complex transfer taxes including the $1M+ mansion tax. NYC adds additional requirements.

Sample NY Real Estate Practice Questions

Try these sample questions to test your NY Real Estate exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1Which New York state agency is responsible for issuing and regulating real estate licenses?

A.New York Real Estate Board

B.New York Department of State (DOS), Division of Licensing Services

C.New York Department of Financial Services

D.New York Division of Housing and Community Renewal

Explanation: The New York Department of State (DOS), through its Division of Licensing Services, is responsible for issuing and regulating real estate licenses in the state. The other agencies handle different regulatory areas such as banking, insurance, and housing, but none of them administer real estate licensing.

2How many hours of pre-license education must a candidate complete before taking the New York real estate salesperson exam?

A.45 hours

B.60 hours

C.77 hours

D.90 hours

Explanation: New York requires 77 hours of approved pre-license education before a candidate can sit for the real estate salesperson exam. This is a specific NY requirement that differs from most other states. The 45-hour and 90-hour figures apply to other states, not New York.

3What is the format of the New York real estate salesperson licensing exam?

A.100 questions, 120 minutes, 75% passing score

B.75 questions, 90 minutes, 70% passing score

C.50 questions, 60 minutes, 70% passing score

D.80 questions, 105 minutes, 75% passing score

Explanation: The New York real estate salesperson exam consists of 75 multiple-choice questions with a 90-minute time limit and requires a 70% passing score (meaning at least 53 correct answers). The other formats listed do not match the current NY DOS exam specifications.

4What are the experience and education requirements to obtain a real estate broker license in New York?

A.1 year of experience and a 90-hour broker course

B.2 years of experience as a licensed salesperson and a 152-hour broker course

C.3 years of experience and a 120-hour broker course

D.5 years of experience with no additional education required

Explanation: New York requires applicants for a broker license to have at least 2 years of experience as a licensed real estate salesperson (or equivalent qualifying experience) and to complete a 152-hour approved broker course. The other options list incorrect combinations of time and educational requirements that do not match NY DOS rules.

5How often must New York real estate licenses be renewed, and how many hours of continuing education are required?

A.Every 4 years with 45 hours of CE

B.Every 2 years with 22.5 hours of CE

C.Every 2 years with 30 hours of CE

D.Every year with 12 hours of CE

Explanation: New York real estate licenses must be renewed every 2 years, and licensees are required to complete 22.5 hours of approved continuing education during each renewal cycle. This applies to both salesperson and broker licenses. The other renewal periods and hour requirements do not match the current NY DOS mandate.

6What is eAccessNY in the context of New York real estate licensing?

A.An online real estate course approved by the DOS

B.The NY DOS online portal for license applications, renewals, and management

C.A digital MLS platform for New York real estate agents

D.An electronic contract signing tool required by New York law

Explanation: eAccessNY is the New York Department of State's online licensing system used by real estate professionals to submit license applications, renew existing licenses, and manage licensing records electronically. It is not a course platform, MLS system, or contract signing tool.

7Under New York law, a real estate salesperson must be associated with which of the following to conduct licensed activities?

A.A licensed real estate attorney

B.A sponsoring licensed real estate broker

C.The New York Department of State directly

D.A licensed real estate appraiser

Explanation: In New York, a real estate salesperson cannot operate independently and must be associated with (sponsored by) a licensed real estate broker to engage in any licensed real estate activity. The salesperson's license is issued to the sponsoring broker, not directly to the salesperson for independent use. Attorneys and appraisers serve different roles and cannot sponsor salespersons.

8Section 441 of the New York Real Property Law (RPL) primarily addresses which of the following?

A.Property tax assessment and grievance procedures

B.Definitions and requirements for real estate brokers and salespersons

C.Condominium and co-op conversion standards

D.Landlord-tenant eviction proceedings

Explanation: Section 441 of the New York Real Property Law (RPL) is the foundational statute governing real estate licensing. It defines who qualifies as a real estate broker and salesperson, sets forth licensing requirements, and outlines the scope of licensed activities. Property tax, co-op conversions, and evictions are covered under other statutes.

9Under New York real estate advertising rules, which of the following is required?

A.The salesperson's name must appear larger than the broker's name

B.The broker's name must be prominently displayed, and blind ads are prohibited

C.Only the brokerage phone number is required without any names

D.Advertising may omit the broker's name as long as the listing price is included

Explanation: New York law requires that all real estate advertising prominently display the licensed broker's name. Blind ads (advertisements that do not identify the advertiser as a licensed broker) are strictly prohibited. A salesperson's name may appear but cannot be more prominent than the broker's name. Omitting the broker's name entirely violates NY advertising regulations.

10Which of the following persons is EXEMPT from New York real estate licensing requirements?

A.A property manager collecting rent for multiple landlords

B.An attorney admitted to the New York bar performing real estate activities as part of legal practice

C.A full-time real estate investor who buys and sells properties for clients

D.A salesperson who only works on weekends

Explanation: New York exempts licensed attorneys admitted to the state bar from real estate licensing requirements when they perform real estate transactions as part of their legal practice. Property managers who collect rent for others, investors acting as agents for clients, and part-time salespersons all need real estate licenses if they are conducting licensed activities for compensation.

About the NY Real Estate Exam

The New York real estate salesperson exam covers DOS licensing, NY Real Property Law, attorney review closings, co-op and condo transactions, the NY Human Rights Law, STAR exemptions, transfer taxes, and NYC-specific requirements including mansion tax and rent stabilization.

Questions

75 scored questions

Time Limit

1 hour 30 minutes

Passing Score

70%

Exam Fee

$15 (NY DOS (Department of State))

NY Real Estate Exam Content Outline

20%

NY DOS & Licensing

DOS licensing, 77-hour pre-license, RPL §441, renewal, disciplinary actions

25%

NY Contracts & Practice

Attorney review, co-op/condo transactions, board packages, title insurance

15%

NY Property Tax

STAR exemption, NYC property classes, transfer taxes, mortgage recording tax

20%

NY Fair Housing

NY Human Rights Law, NYC Human Rights Law, additional protected classes

20%

NY Disclosures & Special Topics

PCDA ($500 credit), lead paint, window guards, mansion tax, rent stabilization

How to Pass the NY Real Estate Exam

What You Need to Know

Passing score: 70%
Exam length: 75 questions
Time limit: 1 hour 30 minutes
Exam fee: $15

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

NY Real Estate Study Tips from Top Performers

1Know the PCDA $500 credit — most NY sellers opt out of the property condition disclosure

2Understand co-op vs condo: co-op is personal property (shares + proprietary lease), condo is real property

3Learn NY Human Rights Law protections — broader than federal, especially in NYC

4Master transfer tax rates: state ($2/$500 or $6.50/$500 for $3M+) plus NYC additional taxes

5Study attorney review period (3 business days) — NY is an attorney-closing state

Frequently Asked Questions

How hard is the New York real estate exam?

The NY exam has a 63% first-time pass rate with 31,200 annual candidates. It has 75 questions in 90 minutes, requiring 70% to pass. NY-specific topics like co-op transactions, attorney closings, and the Human Rights Law are heavily tested.

What is the PCDA $500 credit in New York?

Under New York's Property Condition Disclosure Act (PCDA), sellers can choose NOT to fill out the property condition disclosure form and instead give the buyer a $500 credit at closing. Most NY sellers opt for the credit to avoid potential liability.

What is the mansion tax in New York?

New York charges a 1% mansion tax on residential property sales of $1 million or more. In NYC, there's a progressive mansion tax ranging from 1% to 3.9% for properties over $25 million. The buyer pays the mansion tax.

What are co-op board packages?

NYC co-op purchases require extensive board approval packages including financial statements, tax returns, reference letters, and a personal interview. The board can reject buyers for any reason except protected class discrimination under the NY Human Rights Law.