NewYork

New York Real Estate Study Guides

Realty Scout is the number one provider of high quality real estate knowledge designed to help you pass the New York Real Estate Exam the first time. Explanations and feedback given by the New York License Professor are provided by real estate license instructors and professional realtors from New York, Buffalo, Syracuse, and Rochester, NY. Hundreds of students have already aced their New York real estate exam by preparing with the New York License Professor.

Contents


The New York License Professor covers fundamentals of real estate, including contracts, property ownership, and finance, as well as the state laws, rules, and regulations governing the real estate industry.

The New York License Professor Features:

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

New York state specific topics include:

  • Agency requirements and disclosures
  • Brokerage practices
  • Residential construction
  • Advertising
  • Accounting
  • Civil rights

Studying with the New York License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each New York real estate exam has been extensively planned out by the New York License Professors editorial staff; professionals who teach real estate license courses all over New York. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the New York License Professor's system provides.

The New York License Professor covers:

  1. Introduction to the Real Estate Business
  2. Real Property and the Law
  3. Concepts of Home Ownership
  4. Agency
  5. Real Estate Brokerage
  6. Listing Agreements and Buyer Representation
  7. Interests in Real Estate
  8. Forms of Real Estate Ownership
  9. Legal Descriptions
  10. Real Estate Taxes and Other Liens
  11. Real Estate Contracts
  12. Transfer of Title
  13. Title Records
  14. Real Estate Financing: Principles
  15. Real Estate Financing: Practice
  16. Leases
  17. Property Management
  18. Real Estate Appraisal
  19. Land-Use Controls and Property Development
  20. Fair Housing and Ethical Practices
  21. Environmental Issues and Real Estate Transactions
  22. Closing the Real Estate Transaction
  23. Real Estate Math
  24. New York Law and Practice

 

New York Real Estate License Requirements

Salesperson:

Course increased from 45 hours to 75 hours. A salesperson applicant will be required to show proof of completing 75 hours of approved education. Those salesperson applicants who completed the 45 hour salesperson course prior to July 1, 2008 may complete the additional 30 hour qualifying course to satisfy the 75 hour requirement.

Sample Salesperson Exam

Broker:

A broker applicant will be required to show proof of completing 120 hours of approved education. Broker applicants will be required to show proof of completing the 45 hour salesperson course, the 30 hour remedial course and the 45 hour broker course OR the 75 salesperson course and the 45 hour broker course.

Continuing Education:

Effective with renewals that expire on or after July 1, 2008, applicants must complete 22.5 hours of approved continuing education, in which at least 3 hours must include fair housing and/or discrimination in the sale or rental of real property or an interest in real property. Any real estate broker who is not exempt from the continuing education requirements by July 1, 2008, will no longer be eligible for the exemption. Any currently exempt licensees who do not maintain their consecutive licensure will lose their exemption.

Course Certificates:

The 75 hour and 30 hour qualifying course certificates will only be valid for 8 years.

Examinations:

Salesperson: There will be a new examination effective July 1, 2008. The examination will be reflective of the new 75 hour qualifying course curriculum. In addition, it is anticipated that the length of the examination will increase from the current 50 questions, with the exact number to be determined at a later date.

Broker: This examination will under go some revisions to include questions on new topics and to update existing questions. The length of the examination will remain at 100 questions. An applicant who has passed the state exam prior to 7/1/08 but not licensed until after 7/1/08 can still use those results for licensure if taken within 24 months.

Broker Applicants:

The requirement to become a broker will increase from 19 to 20 years of age.

Experience obtained as a licensed real estate salesperson is increasing from 1 year to 2 years. The number of points required will also increase.

Equivalent experience obtained in the general real estate business is increasing from 2 years to 3 years. The number of points required will also increase.

An office manager is required to be a licensed associate broker.

Sample Brokers Exam