RE Unit 1, Lesson 2

The following is qualified to be a Broker, but has chosen to work as a salesperson under the sponsorship and supervision of another broker.

• Salesperson

• Broker

• Associate Broker

• Attorney

How many officer must have real estate licensure for Licensing Corporations, Partnerships, and Other Legal Entities to perform acts of real estate?

• 1

• 2

• 3

• 4

When a brokers or associate broker holds more than one license its called

• Multiple Licensure

• Dual Licensure

• Poly Licensure

• Multi Licensure

Which of the following must have a real estate license to perform acts of real estate.

• A resident manager employed by one owner to manage/maintain rental property when leasing of units or collection of rents is part of the regular duties

• Attorneys licensed in NY

• Both

• Neither

What is the passing grade for the NYS Real Estate Salesperson Exam?

• 60%

• 65%

• 70%

• 75%

How long does it take for a passing NYS Salesperson Exam grade to expire?

• 1

• 2

• 3

• 4

A NYS 77-hour course certificate expires after how many years?

• 2

• 4

• 6

• 8

Who holds onto a salespersons original real estate license for them?

• The Salesperson

• The DOS DOL

• The Broker

• The Board of Real Estate

At any point in time, a salesperson may be require to provide their ___________ so they must carry it on them at all times.

• business card

• broker's information

• pocket card

• 77-hr course certificate

How many total hours of educational courses must a broker undertake before sitting for their NYS exam?

• 22.5

• 45

• 75

• 120