Dual agency is permitted only with the informed, written consent of all parties.
Before you read
Test yourself first: 5 questions
Question 1 of 5
Under New York's agency model, when must a licensee first provide the statutory agency disclosure form to a prospective buyer or seller?
Answer: A. New York requires that the agency disclosure form be presented at the first substantive contact, so the consumer understands whom the licensee represents before sharing confidential information.
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
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.
Question 4 of 5
Which New York agency is responsible for issuing and regulating real estate salesperson and broker licenses?
Answer: A. Real estate licensing in New York is administered by the Department of State (DOS) through its Division of Licensing Services. The Department of Financial Services regulates insurance and banking, not real estate licensees.
Question 5 of 5
In New York, which agency is responsible for licensing real estate salespersons and brokers and for disciplining licensees for violations of Real Property Law Article 12-A?
Answer: A. Real estate licensing and discipline in New York are administered by the Department of State (DOS) through its Division of Licensing Services. Private trade associations like NYSAR do not issue or revoke licenses.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Agency disclosure must be given at the first substantive contact with a consumer.
- Use the DOS-prescribed Disclosure Form for Buyer and Seller.
- Available relationships: seller's agent, buyer's agent, broker's agent, dual agent.
- Dual agency is permitted only with the informed, written consent of all parties.
- Dual agency with designated sales agents is allowed (separate designated agents for each side).
- A designated sales agent represents one party while the broker remains a dual agent.
- If a consumer declines to sign, the agent notes the refusal and keeps the form.
NY Agency Model Cheat Sheet: FAQs
Is NY Agency Model Cheat Sheet 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.
