A salesperson wishes to transfer her license from one sponsoring broker to a new broker in New York. Which of the following correctly describes the required process under NY DOS regulations?
Correct Answer
A) The terminating broker files a termination notice with DOS, and the new broker separately files a new association application on the salesperson's behalf
Under NY Real Property Law Article 12-A and DOS regulations, a salesperson license transfer is a two-step process: the terminating broker must file a termination of association with DOS, and the new sponsoring broker must file a new association application. The salesperson cannot legally practice under the new broker until the new association is properly filed and accepted by DOS.
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In New York, what is the minimum age requirement to obtain a real estate salesperson license?
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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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The New York Department of State has broad regulatory authority over real estate licensees. All of the following are within DOS's statutory powers **EXCEPT**:
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During a routine audit, DOS discovers that Broker Williams has been operating without maintaining the required office records. Williams claims the records were destroyed in a computer crash. How long must New York brokers maintain transaction records under DOS regulations?