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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
1%
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.
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
NY DOS & Licensing
DOS licensing, 77-hour pre-license, RPL §441, renewal, disciplinary actions
NY Contracts & Practice
Attorney review, co-op/condo transactions, board packages, title insurance
NY Property Tax
STAR exemption, NYC property classes, transfer taxes, mortgage recording tax
NY Fair Housing
NY Human Rights Law, NYC Human Rights Law, additional protected classes
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
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.