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Michael completed his 77-hour pre-licensing education course and passed the New York salesperson exam. What is the next step he must take to practice real estate?

Correct Answer

C) Find a sponsoring broker and submit his license application

In New York, after passing the exam, a new licensee must find a sponsoring broker who will employ them and submit the license application with the broker's sponsorship before they can practice real estate.

Answer Options
A
Begin practicing immediately upon passing the exam
B
Complete 22.5 hours of continuing education
C
Find a sponsoring broker and submit his license application
D
Register with the Multiple Listing Service

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Related Topics & Key Terms

Key Terms:

sponsoring_brokerlicense_applicationpost_exam_requirements

Related Concepts

A variance is an authorized deviation from the existing zoning ordinance granted to a property owner who demonstrates unique hardship. It allows a use or structure that would otherwise violate the current zoning rules.

Wetlands protection refers to federal and state regulations that restrict development on wetlands — areas where water covers the soil or is near the surface for part of the year. The primary federal authority is the Clean Water Act enforced by the Army Corps of Engineers.

Zoning is the government's division of land into districts with specific permitted uses such as residential, commercial, industrial, or agricultural. It is the most common exercise of police power over private property.

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