Before you read
Test yourself first: 5 questions
Question 1 of 5
For homes built before 1978, New York sellers and agents must comply with the federal requirement to disclose:
Answer: B. The federal Residential Lead-Based Paint Hazard Reduction Act requires sellers of pre-1978 housing to disclose known lead-based paint hazards, provide the EPA lead pamphlet, and give buyers a 10-day opportunity to test. This applies in New York alongside state disclosures.
Question 2 of 5
New York law requires that real estate brokers and salespersons provide buyers, sellers, landlords, or tenants with which disclosure-related document covering discrimination and the licensee's role in fair-housing compliance?
Answer: B. New York requires licensees and brokerages to provide fair-housing notices and to publish standardized operating procedures (for example, regarding identification, pre-approval, or exclusive-agency requirements before showing property) so consumers understand the firm's practices. These measures support nondiscriminatory access to housing.
Question 3 of 5
Under New York's Property Condition Disclosure Act, a residential seller is generally required to:
Answer: B. New York's Property Condition Disclosure Act requires sellers of most residential (1-4 unit) property to deliver a completed Property Condition Disclosure Statement to the buyer before contract signing.
Question 4 of 5
How long must a New York broker generally retain records of real estate transactions, including escrow and trust account records?
Answer: A. New York requires brokers to keep records of each transaction—including agency disclosures, deposits, and escrow account activity—for at least 3 years and to make them available to the Department of State upon request.
Question 5 of 5
To renew a New York real estate license, a licensee (other than certain exempt attorneys/long-licensed brokers) must typically complete:
Answer: B. New York requires licensees to complete approved continuing education during each two-year license term to renew, except for limited statutory exemptions.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Sellers of most one-to-four-unit residential properties must deliver a Property Condition Disclosure Statement covering the known condition of the property. Failing to provide timely agency disclosure can place the licensee at risk of disciplinary action by the DOS.
Required Disclosures for New York Sellers and Licensees: FAQs
Is Required Disclosures for New York Sellers and Licensees 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.
