1 Exam (elaborations) New York Real Estate License Law Final Exam And Complete Answers 2024. 2 Exam (elaborations) NY Real Estate Exam Questions With Complete Answers 2024. 3 Exam (elaborations) New York Real Estate Final Exam With Complete Solutions 100% 2024. 4 Exam (elaborations) New York Rea...
[Show more]
What must a licensed real estate salesperson keep on him or herself at all times when practicing as an agent...? A. Business Card B. Pocket Card C. NYS Driver's License D. Cell Phone - Answer B. Pocket Card How many hours of course study must an individual take in order to sit for the N...
Preview 2 out of 8 pages
Add to cartWhat must a licensed real estate salesperson keep on him or herself at all times when practicing as an agent...? A. Business Card B. Pocket Card C. NYS Driver's License D. Cell Phone - Answer B. Pocket Card How many hours of course study must an individual take in order to sit for the N...
NYS Department of State - Answer primarily responsible for issuing real estate licenses , pocket cards , and handing down disciplinary action Article 12 A - Answer outlines the roles / duties of the Department of State New York Court of Appeals - Answer the highest court in New York Stat...
Preview 3 out of 21 pages
Add to cartNYS Department of State - Answer primarily responsible for issuing real estate licenses , pocket cards , and handing down disciplinary action Article 12 A - Answer outlines the roles / duties of the Department of State New York Court of Appeals - Answer the highest court in New York Stat...
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 mi...
Preview 2 out of 15 pages
Add to cartWhat 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 mi...
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 mi...
Preview 2 out of 15 pages
Add to cartWhat 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 mi...
How often must you renew your real estate salesperson/broker license? -Answer Every 2 years What is the purpose of license laws in the real estate industry? -Answer To minimize fraudulent practice and protect the general public The New York regulatory agency that oversees real estate l...
Preview 2 out of 11 pages
Add to cartHow often must you renew your real estate salesperson/broker license? -Answer Every 2 years What is the purpose of license laws in the real estate industry? -Answer To minimize fraudulent practice and protect the general public The New York regulatory agency that oversees real estate l...
Which of the following statements about license laws is INCORRECT? - Answer The federal government establish license laws In New York, an individual may obtain a salesperson license at age: - Answer 18 A salesperson licensee may receive commissions from the: - Answer Employing broker ...
Preview 2 out of 6 pages
Add to cartWhich of the following statements about license laws is INCORRECT? - Answer The federal government establish license laws In New York, an individual may obtain a salesperson license at age: - Answer 18 A salesperson licensee may receive commissions from the: - Answer Employing broker ...
J, who has no real estate license, canvasses homeowners by phone to determine whether they are interested in selling their homes. B, who is licensed, gives J $25 for every lead she turns up. Does this violate license law? - Answer Yes, because B is paying compensation for services that require li...
Preview 3 out of 27 pages
Add to cartJ, who has no real estate license, canvasses homeowners by phone to determine whether they are interested in selling their homes. B, who is licensed, gives J $25 for every lead she turns up. Does this violate license law? - Answer Yes, because B is paying compensation for services that require li...
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% ...
Preview 2 out of 11 pages
Add to cartDepartment 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% ...
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 ...
Preview 2 out of 13 pages
Add to cartAn 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 ...
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 lice...
Preview 3 out of 28 pages
Add to cart1-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 lice...
80/20 Rule Rule - Answer that says in order for individual shareholders to continue to be able to write off yearly taxes and mortgage interest, no more than 20 percent of a co-op's yearly income can come from non-shareholder sources. Abandonment - Answer The failure to occupy and use prope...
Preview 2 out of 15 pages
Add to cart80/20 Rule Rule - Answer that says in order for individual shareholders to continue to be able to write off yearly taxes and mortgage interest, no more than 20 percent of a co-op's yearly income can come from non-shareholder sources. Abandonment - Answer The failure to occupy and use prope...
associate real estate broker - Answer a licensed real estate broker who may perform the acts of a broker but chooses to work under the name and supervision and license of a licensed broker real estate broker - Answer any oersons partnership association or corporation who, for another and fo...
Preview 2 out of 11 pages
Add to cartassociate real estate broker - Answer a licensed real estate broker who may perform the acts of a broker but chooses to work under the name and supervision and license of a licensed broker real estate broker - Answer any oersons partnership association or corporation who, for another and fo...
1. To be licensed as a real estate broker, an individual must be at least how old? a. 16 b. 18 c. 20 d. 21 - Answer c. 20 2. Which of the following individuals is exempt from licensure? a. attorneys admitted to practice in the New York courts b. property managers who manage pro...
Preview 3 out of 20 pages
Add to cart1. To be licensed as a real estate broker, an individual must be at least how old? a. 16 b. 18 c. 20 d. 21 - Answer c. 20 2. Which of the following individuals is exempt from licensure? a. attorneys admitted to practice in the New York courts b. property managers who manage pro...
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 the...
Preview 2 out of 7 pages
Add to cartWhich 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 the...
In NYS, how old must one be to enter into contracts? - Answer 18 What other capability should they possess? - Answer Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer The contract is voidable by the minor What does the zoning bo...
Preview 2 out of 7 pages
Add to cartIn NYS, how old must one be to enter into contracts? - Answer 18 What other capability should they possess? - Answer Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer The contract is voidable by the minor What does the zoning bo...
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 - A...
Preview 4 out of 32 pages
Add to cartArticle 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 - A...
as a real estate sales person, i am practicing - Answer special agency as a property manager i am practicing - Answer general agency in estate planning i am practicing - Answer universal agency if its my intention to protect my client,usually the seller,from the vicarious liability...
Preview 4 out of 32 pages
Add to cartas a real estate sales person, i am practicing - Answer special agency as a property manager i am practicing - Answer general agency in estate planning i am practicing - Answer universal agency if its my intention to protect my client,usually the seller,from the vicarious liability...
What agency issues real estate licenses? - Answer NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? - Answer 18 Do you need experience in the field to become a salesperson? - Answer No What is the minimum age to become a real estate broker? - Answ...
Preview 3 out of 18 pages
Add to cartWhat agency issues real estate licenses? - Answer NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? - Answer 18 Do you need experience in the field to become a salesperson? - Answer No What is the minimum age to become a real estate broker? - Answ...
Regulation of real estate has been assigned to - Answer Department of state Departments within Department of State? - Answer Secretary of State and New York Board of Real Estate Secretary of State - Answer In charge of administration of licensing, examination, education, and complianc...
Preview 2 out of 10 pages
Add to cartRegulation of real estate has been assigned to - Answer Department of state Departments within Department of State? - Answer Secretary of State and New York Board of Real Estate Secretary of State - Answer In charge of administration of licensing, examination, education, and complianc...
The situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker - Answer -Dual Agent A seller has listed her home with a broker for $90,000, and the broker tells a prospective buyer to submit a low of...
Preview 2 out of 13 pages
Add to cartThe situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker - Answer -Dual Agent A seller has listed her home with a broker for $90,000, and the broker tells a prospective buyer to submit a low of...
According to New York State real property law, a real estate salesperson's license is issued for a term for how many years? - Answer Two Chris has not renewed his real estate salesperson's license. It has been expired for one year. To be active again, Chris must - Answer Complete the 75-hou...
Preview 2 out of 5 pages
Add to cartAccording to New York State real property law, a real estate salesperson's license is issued for a term for how many years? - Answer Two Chris has not renewed his real estate salesperson's license. It has been expired for one year. To be active again, Chris must - Answer Complete the 75-hou...
Ad valorem tax - Answer Taxes based on the assessed value of property Reasons local governments choose to impose real property taxes rather than raise the sales and/or income tax - Answer -Protected -Easy to administer -Predictable -Do not distinguish between resident and nonresident hom...
Preview 2 out of 6 pages
Add to cartAd valorem tax - Answer Taxes based on the assessed value of property Reasons local governments choose to impose real property taxes rather than raise the sales and/or income tax - Answer -Protected -Easy to administer -Predictable -Do not distinguish between resident and nonresident hom...
what is the purpose of license laws? - Answer assist real estate consumers with their largest single investment, protect public by ensuring consistent level of competence ethics and professionalism foundation for the New York license law? - Answer Article 12A, Real Property Law, Licensing o...
Preview 1 out of 4 pages
Add to cartwhat is the purpose of license laws? - Answer assist real estate consumers with their largest single investment, protect public by ensuring consistent level of competence ethics and professionalism foundation for the New York license law? - Answer Article 12A, Real Property Law, Licensing o...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestSolver9. Stuvia facilitates payment to the seller.
No, you only buy these notes for $25.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now