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The New York State Real Estate Salesperson Exam is a 90-minute, 75-question multiple-choice test requiring a 70% passing score. The curriculum covers national real estate principles and New York-specific laws, including, but not limited to, real property characteristics, agency, contracts, fair housing, and property management.
Core Syllabus Topics Real Estate Law and Licensing: License requirements, regulations, and NY Department of State rules. Law of Agency: Fiduciary duties, disclosure, and types of agency relationships. Estates and Interests: Types of ownership, easements, and encumbrances. Real Estate Contracts and Leases: Purchase contracts, lease types, and legal requirements. Fair Housing and Ethics: NY State Human Rights Law, discrimination, and steering/blockbusting. Real Estate Instruments: Deeds, titles, and closing documents. Property Valuation and Appraisal: Market value, appraisal methods, and valuation approaches. Property Management and Development: Management contracts and building types. Environmental Issues: Disclosures regarding hazards like lead paint or radon.
Exam Requirements Coursework: Completion of an approved 77-hour qualifying course is required. Age/Status: Must be at least 18 years old and sponsored by a licensed broker. Format: Multiple-choice.
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