Property Condition Disclosure Statement required
Before you read
Test yourself first: 5 questions
Question 1 of 5
A New York buyer refuses to sign the agency disclosure form presented by a salesperson. What must the salesperson do?
Answer: C. If a consumer declines to sign the agency disclosure form, the licensee must set forth a written declaration of the facts of the refusal, sign and date it, and retain it. The disclosure obligation is satisfied even though the consumer's signature is only an acknowledgment of receipt, not consent.
Question 2 of 5
Which agency licenses and regulates real estate salespersons and brokers in New York?
Answer: A. In New York, the Department of State (DOS), through its Division of Licensing Services, licenses and regulates real estate salespersons and brokers.
Question 3 of 5
How many hours of approved pre-licensing education are required for a New York real estate salesperson license?
Answer: C. New York requires 77 hours of approved qualifying education to become a licensed real estate salesperson.
Question 4 of 5
A New York real estate salesperson may conduct brokerage activity only when:
Answer: B. A New York salesperson must work under and be supervised by a licensed New York real estate broker; a salesperson cannot operate independently.
Question 5 of 5
Which state agency is responsible for licensing and regulating real estate salespersons and brokers in New York?
Answer: B. Real estate licensing in New York is administered by the Department of State (DOS) through its Division of Licensing Services under Real Property Law Article 12-A.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Regulator: NY Department of State, Division of Licensing Services
- Salesperson education: 77 qualifying hours
- Salesperson works under a licensed NY broker
- Agency disclosure at first substantive contact
- Dual agency allowed w/ designated sales agents
- Property Condition Disclosure Statement required
New York (DOS) — Key Facts: FAQs
Is New York (DOS) — Key Facts on the real estate exam?
Yes. State License Law is a scored domain on the New York real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does New York test this differently?
New York applies its own license law on top of the national portion. This page covers the New York rules specifically, which is what the state section of your exam tests.
