COLIBRI REAL ESTATE NY Salesperson READINESS ASSESSMENT GUIDE Q & S 2025/2026

1. When considering the advanced concepts of property
ownership, which of the following is NOT a type of concurrent
ownership?
a) Joint tenancy
b) Tenancy in common
c) Tenancy by the entirety
d) Sole proprietorship
Correct Answer: d) Sole proprietorship
2. In New York, which land use control is primarily responsible for
determining the types of structures that can be built in a particular
area?
a) Zoning ordinances
b) Environmental restrictions
c) Building codes
d) Deed restrictions
Correct Answer: a) Zoning ordinances
3. The law of agency in New York real estate dictates a fiduciary
duty between the agent and the principal. Which of the following is
NOT a duty of an agent?

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