What is on the New York Real Estate Exam?

The New York real estate exam is a 75-question multiple-choice test administered by PSI. You have 90 minutes to complete it and need a score of 70% or higher to pass. The exam covers topics from your 77-hour pre-licensing courseNew York Real Estate License including contracts, agency law, fair housing, and real estate math.

NY Real Estate Exam Quick Reference

Exam Detail	Requirement
Number of Questions	75 multiple-choice
Time Limit	90 minutes
Passing Score	70% (53 correct answers)
Test Administrator	PSI
Exam Fee	$15
Calculator	Basic calculator allowed (no phone)
Retakes	Unlimited attempts
Results	Provided immediately after testing

Topics Covered on the NY Real Estate Exam

The exam tests knowledge from your 77-hour pre-licensing courseNew York Real Estate LicenseNew York Real Estate License. Questions are drawn directly from the state-approved curriculum, so everything you study in your coursework is fair game on test day.

Core Topics (Highest Weight):

• Law of agency and fiduciary duties

• Contracts (sales, leases, listings)

• Real estate finance and mortgages

• Property valuation and appraisal

• Fair housing and human rights law

• License law and regulations

Additional Topics:

• Property taxes and assessments

• Land use regulations and zoning

• Environmental issues and disclosures

• Condominiums and cooperatives

• Property management

• Real estate math calculations

• Title and deed transfers

• Mortgage brokerage

Expect both New York-specific questions about state regulations and questions about federal real estate practices like the Fair Housing Act and RESPA.

Real Estate Math on the Exam

Math questions typically account for 10-15% of the exam. You'll need to calculate:

• Commission splits and percentages

• Property tax prorations

• Loan-to-value ratios

• Square footage and acreage conversions

• Closing cost calculations

A basic calculator is permitted, so focus on understanding the formulas rather than memorizing calculations. Your pre-licensing course includes practice problems for each math concept.

How to Pass the NY Real Estate Exam

Step 1: Complete your pre-licensing education Finish your 77-hour courseNew York Real Estate LicenseNew York Real Estate License through a state-approved provider. The course final exam mirrors the state exam format and question types, giving you a realistic preview of what to expect.

Step 2: Use exam prep tools Practice with flashcards, timed tests, and question banks. Focus extra time on areas where you scored lowest during your coursework. AceableAgent's course includes exam prep by PrepAgentNew York Real Estate Exam Prep with hundreds of practice questions.

Step 3: Schedule your exam Book your test through PSI once you receive your course completion certificate. Testing centers are available throughout New York, and appointments are typically available within 1-2 weeks.

Step 4: Prepare for test day Bring two forms of valid ID (one with photo and signature). Arrive 30 minutes early. Leave your phone in your car—it's not allowed in the testing room, even turned off.

What to Expect on Test Day

You'll take the exam at a PSI testing center on a computer. The 75 questions are randomized, so each test-taker sees a different order. You can flag questions to review before submitting.

Results appear on screen immediately after you finish. If you pass, you'll receive instructions for completing your license application with the New York Department of StateLicensing Services Dos.ny.gov. If you don't pass, you'll see which topic areas need more study before your next attempt.

Frequently Asked Questions

How many questions are on the New York real estate exam? 75 multiple-choice questions. You need to answer at least 53 correctly (70%) to pass.

How long is the NY real estate exam? 90 minutes total. Most test-takers finish in 60-75 minutes.

What happens if I fail the exam? You can retake it as many times as needed. Each attempt costs $15. There is no waiting period between attempts.

Can I use a calculator on the exam? Yes, basic calculators are allowed. You cannot use your phone or any calculator with internet connectivity.

What topics should I focus on? Contracts, agency law, and fair housing appear most frequently. Real estate math typically accounts for 10-15% of questions.

How soon can I take the exam after finishing my course? Immediately. Once you receive your course completion certificate, you can schedule your PSI exam appointment.

Ready to Pass Your Exam?

The New York real estate exam is straightforward when you're prepared. AceableAgent's pre-licensing courseNew York Real Estate License covers every topic on the exam with mobile-friendly lessons, unlimited practice tests, and a money-back guarantee.