A New York licensed salesperson wishes to transfer sponsorship from her current broker to a new broker. Under New York Real Property Law and DOS procedures, which of the following correctly describes the transfer process?
Correct Answer
C) The terminating broker must return or terminate the salesperson's license with DOS, and the new broker must file a proper sponsorship application before the salesperson may conduct licensed activities
Under New York RPL §440-a and DOS licensing procedures, a salesperson's license is held under the sponsorship of a broker. When transferring, the terminating broker must notify DOS that the sponsorship has ended (effectively terminating the salesperson's active license status under that broker), and the new sponsoring broker must submit a new sponsorship application — typically via the eAccessNY system — before the salesperson is authorized to perform licensed real estate activities under the new broker. The salesperson cannot lawfully practice during the gap between termination and confirmed new sponsorship, as acting without an active sponsoring broker violates RPL §440-a.
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- → Under New York Department of State fee schedules, what is the fee required to sit for the real estate salesperson licensing examination?
- → Broker Martinez holds an active NY broker license and operates a principal office. She opens a branch office managed day-to-day by Associate Broker Thompson. A competing broker claims Martinez is violating DOS regulations because the branch office lacks proper licensing. Which of the following best evaluates this claim?
- → A prospective salesperson candidate completed portions of the required 77-hour pre-licensing curriculum at two separate DOS-approved real estate schools. Under NY DOS regulations, which statement best describes the candidate's examination eligibility?
- → Amanda completed her 77-hour pre-licensing course in January 2024. She is now ready to take her exam in March 2026. Is her education still valid?
- → A salesperson has completed 20 of the required 22.5 hours of continuing education before her license renewal deadline. Which of the following would satisfy her remaining 2.5-hour requirement?
- → A New York salesperson wants to open an independent brokerage office without associating with a sponsoring broker. Which licensing distinction determines whether that is permitted?
- → A New York broker receives client money that must be held separately from the broker's own operating funds. What type of account must the broker use under the DOS rule?
- → A New York applicant is selecting a path to complete the 77-hour pre-licensing requirement. Which listed method is not acceptable under New York law?
- → Maria, a New York real estate salesperson, received her license in January 2024. Her license is set to expire in January 2026. She has completed 18 hours of continuing education courses. How many additional CE hours must she complete to satisfy New York's renewal requirements?
- → Steven Garcia completed 18 hours of continuing education during 2025 and 2026. His license expires December 31, 2026. On December 20, 2026, he registers for a 6-hour course scheduled for January 10, 2027. What is his renewal status?
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