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Real Estate Salesperson Exam — National Portion

Conduct (NY): practice questions

Our Real Estate (National) bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · New York

What must a New York broker do before buying property for a client in which the broker has an interest?

  1. Transfer the interest to a relative first
  2. Disclose the interest to all parties
  3. Get the seller's oral consent only
  4. Nothing, if the price is fair
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B. Disclose the interest to all parties — This is Rule 175.5.

Question 2 · New York

What must a New York broker not do with another broker's salesperson?

  1. Co-broke a deal with their broker
  2. Share listing information publicly
  3. Accept their services, or give them anything of value, without the other broker's knowledge
  4. Greet them at an open house
Show the answer

C. Accept their services, or give them anything of value, without the other broker's knowledge — Rule 175.13.

Question 3 · New York

May a New York salesperson own voting stock in the brokerage corporation they work for?

  1. No
  2. Yes, if the broker agrees
  3. Yes, up to 49%
  4. Yes, after 5 years
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A. No — Rule 175.22 prohibits it.

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