New York Real Estate Institute (NYREI) Practice Exam 2025 - Free Real Estate Exam Practice Questions and Study Guide

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What is one primary function of the Division of Licensing Service in real estate?

Facilitate property transactions

Regulate real estate agent conduct

The primary function of the Division of Licensing Service in the context of real estate is to regulate the conduct of real estate agents. This regulatory role is crucial in maintaining standards of professionalism, ensuring that agents comply with ethical practices, and protecting consumers from potential fraud or malpractice in real estate transactions. The Division oversees licensing requirements, assesses qualifications, and implements disciplinary actions when necessary to uphold the integrity of the real estate profession.

By focusing on agent conduct, the Division plays an essential role in fostering public trust in the real estate industry, thus contributing to a fair and transparent market environment for buyers and sellers alike. This regulatory framework helps to ensure that agents are held accountable for their actions and operate within the legal parameters set by the state.

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Provide property appraisals

Offer educational courses

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