Exam (elaborations)
NYREI SCHOOL EXAM QUESTIONS ANDV ANSWERS
- Course
- Institution
NYREI SCHOOL EXAM QUESTIONS ANDV ANSWERS
[Show more]
Content preview
NYREI SCHOOL EXAM QUESTIONS ANDV ANSWERSA vertical piece used to frame a structure is called a: - answer- stud
Seller client has vicarious liability for each agent except: - answer- brokers
At what point must a salesperson present agency disclosure form to a consumer? - answer- first substantive contact (first face to face meeting)
what is the person refuses to sign agency disclosure form? - answer- they do not have to sign but must get a reason why
Sellers agent is showing a property to a prospective purchaser. if purchaser refuses to sign agency disclosure form, agent should - answer- show the property, but complete declaration form
At open house, listing agent must give disclosure before: - answer- answering questions
about the house
what listing gives broker no real protection? - answer- open
if client signs an exclusive right to sell contract but sells real estate on their own, broker is entitles to: - answer- full original commission
an act of employment where client obligates himself to pay brokerage commission if property sells during term of the agreement is: - answer- exclusive right to sell
Sam and Pam are friendly competing brokers. at lunch sam asks pam how much commission she charges. What should Pam do? - answer- refuse to answer
How are commissions determined? - answer- negotiation by broker + client
An agent who discusses commission rates changed by his broker with someone from another company could be accused of which anti - trust violation? - answer- price - fixing
Agents from separate firms decide not to show houses listed by a discount broker what anti-trust violation does this represent? - answer- group boycott
what was the first fair housing law - answer- 1866 Civil Rights Act
Channeling home buyers to an area because of race is called: - answer- steering
Mrs. Davis purchases a property and is granted the right to cross an adjacent driveway to reach a beach. Mrs. Davis has: - answer- easement appurtenant What are horizontal parallel framing boards used to support floor loads? - answer- joist
With regard to residential insulation, what does R- value refer to? - answer- resistant to heat transfer
What is the standard ventilation rate? - answer- 15 cubic feet per min (CFM) per person
What system delivers heat and AC through the same ducts? - answer- Forced warm air system
As a measure of the force that pushes electricity through a wire, residential circuits operate at: - answer- 110 Volts
Why are circuit breakers better than fuses - answer- they are safer and more convenient
Each is a mandated warranty according to NY state general business law 36B except: - answer- 3 years roof shingles
What federal law addresses hazardous waste sites? - answer- comprehensive environmental response, compensation, liabilities act
what law sharply curtailed use of CFCs? - answer- clean air act
Who protects wetlands? - answer- Army Corps of Engineers
What diseases does asbestos cause? - answer- lung = asbestos + mesothelioma
Before construction can begin, a gov. authority must issue: - answer- building permit
where is asbestos typically found in a home? - answer- around pipes and furnaces
what substance destroys ozone? - answer- CFCs
what should a homebuyer be most concerned about asbestos? - answer- it can contaminate the house if removed improperly since airborne particles are dangerous
Sam is a property manager. he must ensure each apartment has: - answer- co detector
Federal law title X makes real estate licensees liable for disclosure of what hazard? - answer- lead
What must SP give tenants/buyers of homes built before 1978? - answer- lead disclosure + "protect your family" booklet
How many years must SP keep lead forms? - answer- 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81531 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now