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NYS Real Estate Salesperson Exam Questions with complete solutions 2023How often must you renew your real estate salesperson/broker license? Every 2 years What is the purpose of license laws in the real estate industry? To minimize fraudulent practice and protect the general public T...

Real Estate Salesperson Exam questions and answers 2023Where is license law written? Article 12A Under NYS Real Property Law, when Dept. of State revokes a salesperson's license, the salesperson can't be relicensed until how much time has expired? 1 year If a broker's license is t...

New York State Real Estate Salesperson Licensing Exam correctly answered 2023In NYS, how old must one be to enter into contracts? 18 What other capability should they possess? Mental and emotional capability What happens if one of the parties to the contract is a minor? The contract...

PSI Real Estate Salesperson exam 1 questions & answers 2023Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the la...

Real Estate Salesperson California State Exam questions and answers 2023Which of the following is most vital or important in planning a subdivision: Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: Percentage Leas...

MS Real Estate Salesperson Exam questions with complete solutions 2023Acre A measure of land equal to 43,560 sq feet Life Estate An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons Condemnation ...

New York Real Estate Salesperson Exam questions & answers 2023Article 12A: NYS Real Property Law "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 ge...

CT real estate salesperson exam questions and answers 20236 things a licensee cannot do without a written buyer agency agreement 1) Ask the buyer to disclose confidential information 2) Express an opinion or give advice about particular real esate 3) Physically show the buyer an in-house listing ...

Real Estate Salesperson State Prep Exam 4 correctly answered 2023A license holder in violation of the TRELA has received a summons from TREC that a hearing will be held regarding the possible revocation or suspension of his license. The license holder fails to respond to the summons. What will TREC ...

Real Estate Salesperson National Prep Exam 1 questions and answers 2023John owns a dominant estate with an easement appurtenant. John sells the property. What happens to the easement? It belongs to the buyer A seller shows a house with all ceiling fans. A buyer purchases a home. After closin...

NJ Real Estate Salesperson Exam correctly answered 2023What is the collateral in a home loan? The property itself When someone contributes to the construction or rehabilitation of a property with labor or services rather than cash, that contribution is called? sweat equity If you wer...

Arizona Real Estate Salesperson Exam correctly answered 2023What are the two requirements of the property if the anti-deficiency statute is to apply? 2.5 acres or less. Utilized as a family home for a 1 or 2 family dwelling. In a deed of trust, who is the "trustor?" The person buying the ...

National Real Estate Exam Prep questions and answers latest 2023Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract ...

Ohio Real Estate Exam test bank Questions with answers 2023May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? CORRECT ANSWER: No, the consumer must file a lawsuit, ...