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NY Real Estate State Exam (Multi Choice) with correct Answers
NY Real Estate State Exam (Multi Choice) with correct Answers An agency relationship is determined by: a) the source of compensation b) how well the parties know each other c) agreement between the principal and the agent d) first substantive contract - Answer ️️ -c) agreement between the principal and the agent Heat from outside air is utilized through a: se conditioner ve solar system pump air return - Answer ️️ -c) heat pump An automatic renewal clause in a lease is. n...
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NY Real Estate State Exam (Multi Choice) with correct Answers An agency relationship is determined by: a) the source of compensation b) how well the parties know each other c) agreement between the principal and the agent d) first substantive contract - Answer ️️ -c) agreement between the principal and the agent Heat from outside air is utilized through a: se conditioner ve solar system pump air return - Answer ️️ -c) heat pump An automatic renewal clause in a lease is. n...
REVIEW QUESTIONS FOR NY REAL ESTATE EXAM
REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer ️️ --B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer ️️ -C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts w...
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- • 26 pages •
REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer ️️ --B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer ️️ -C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts w...
NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024
NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024 1. A blanket mortgage usually contains which clause? A. assumption B. release C. sunrise D. good guy - Answer ️️ -B 2. A CMA is different from an appraisal because: A. an appraisal is based only on facts B. an appraisal is an opinion of value C. a CMA can consider expired listings and properties on market D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 3. A colorless, odorless, tasteless, radioactive gas which ca...
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NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024 1. A blanket mortgage usually contains which clause? A. assumption B. release C. sunrise D. good guy - Answer ️️ -B 2. A CMA is different from an appraisal because: A. an appraisal is based only on facts B. an appraisal is an opinion of value C. a CMA can consider expired listings and properties on market D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 3. A colorless, odorless, tasteless, radioactive gas which ca...
NYS Real Estate Salesperson 2024
NYS Real Estate Salesperson 2024 Abandonment - Answer ️️ -the surrender or release of a right, a claim or an interest in real property. absorption field - Answer ️️ -a system of narrow trenches through which the discharge from a septic tank infiltrates into the surrounding soil. abstract of title - Answer ️️ -a history of a title and the current status of a title based on a title examination abutting land - Answer ️️ -parcels of land next to each other that share a common ...
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NYS Real Estate Salesperson 2024 Abandonment - Answer ️️ -the surrender or release of a right, a claim or an interest in real property. absorption field - Answer ️️ -a system of narrow trenches through which the discharge from a septic tank infiltrates into the surrounding soil. abstract of title - Answer ️️ -a history of a title and the current status of a title based on a title examination abutting land - Answer ️️ -parcels of land next to each other that share a common ...
RealEstate U Pass the New York State Exam (v.2) 2.3 Practice Exam # 3 (75 questions and answers)
RealEstate U Pass the New York State Exam (v.2) 2.3 Practice Exam # 3 (75 questions and answers) Which of the following is NOT exempt from obtaining a license? - Answer ️️ -A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. - Answer ️️ -2 A real estate salesperson operates as what type of agent to their client? - Answer ️️ -Special Agent According to this, a broker may be held responsib...
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RealEstate U Pass the New York State Exam (v.2) 2.3 Practice Exam # 3 (75 questions and answers) Which of the following is NOT exempt from obtaining a license? - Answer ️️ -A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. - Answer ️️ -2 A real estate salesperson operates as what type of agent to their client? - Answer ️️ -Special Agent According to this, a broker may be held responsib...
NYS Real Estate Salesperson
NYS Real Estate Salesperson Real Estate Broker - Answer ️️ -is any person, partnership, association, or corporation who, for another and for compensation of any kind, negotiates any form of real estate transaction Associate Real Estate Broker - Answer ️️ -A licensed real estate broker who chooses to work under the name and supervision of another licensed broker. Real Estate Agent - Answer ️️ -anyone who performs as a real estate broker for compensation of any kind, but does so ...
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NYS Real Estate Salesperson Real Estate Broker - Answer ️️ -is any person, partnership, association, or corporation who, for another and for compensation of any kind, negotiates any form of real estate transaction Associate Real Estate Broker - Answer ️️ -A licensed real estate broker who chooses to work under the name and supervision of another licensed broker. Real Estate Agent - Answer ️️ -anyone who performs as a real estate broker for compensation of any kind, but does so ...
NY STATE Real Estate U test exam prep questions and answers
NY STATE Real Estate U test exam prep questions and answers Department of State responsibility? - Answer ️️ -Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines - Answer ️️ -Roles and responsibilities of department of state. Typical commission in NY? - Answer ️️ -6% Commissions are ______ and determined by____? - Answer ️️ --Negotiable -both client and broker Blind ad - Answer ️️ ...
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NY STATE Real Estate U test exam prep questions and answers Department of State responsibility? - Answer ️️ -Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines - Answer ️️ -Roles and responsibilities of department of state. Typical commission in NY? - Answer ️️ -6% Commissions are ______ and determined by____? - Answer ️️ --Negotiable -both client and broker Blind ad - Answer ️️ ...
NYS REAL ESTATE EXAM 2024 QUESTIONS AND ANSWERS
NYS REAL ESTATE EXAM 2024 QUESTIONS AND ANSWERS NYS Dept of State - Answer ️️ -agency that licenses real estate agents/brokers Property law name - Answer ️️ -Article 12A Types of real estate licenses (3) - Answer ️️ -salesperson, associate broker, broker An associate broker... - Answer ️️ -has no broker powers A broker... - Answer ️️ -sponsors salespeople and associate brokers The salesperson's license is kept by... - Answer ️️ -the broker for whom the salesperson...
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NYS REAL ESTATE EXAM 2024 QUESTIONS AND ANSWERS NYS Dept of State - Answer ️️ -agency that licenses real estate agents/brokers Property law name - Answer ️️ -Article 12A Types of real estate licenses (3) - Answer ️️ -salesperson, associate broker, broker An associate broker... - Answer ️️ -has no broker powers A broker... - Answer ️️ -sponsors salespeople and associate brokers The salesperson's license is kept by... - Answer ️️ -the broker for whom the salesperson...
NYS Real Estate Practice Exam
NYS Real Estate Practice Exam What agency issues real estate licenses? - Answer ️️ -The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? - Answer ️️ -18 Do you need experience in the field to become a sales person? - Answer ️️ -No What is the minimum age to become a real estate broker? - Answer ️️ -20 If your license is revoked, how long do you have to wait to re-apply for it? - Answer ️️ -On...
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- • 10 pages •
NYS Real Estate Practice Exam What agency issues real estate licenses? - Answer ️️ -The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? - Answer ️️ -18 Do you need experience in the field to become a sales person? - Answer ️️ -No What is the minimum age to become a real estate broker? - Answer ️️ -20 If your license is revoked, how long do you have to wait to re-apply for it? - Answer ️️ -On...
New York Real Estate Salesperson Exam Questions and Answers
New York Real Estate Salesperson Exam Questions and Answers Article 12A: NYS Real Property Law - Answer ️️ -"Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption - Answer ️️ --profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property ...
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- • 24 pages •
New York Real Estate Salesperson Exam Questions and Answers Article 12A: NYS Real Property Law - Answer ️️ -"Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption - Answer ️️ --profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property ...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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NH Real Estate Exam Questions and Answers 100% Correct Score