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Real Estate U NYS - Chapter 1 Exam Questions and Complete Solutions Graded A+
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Real Estate U NYS - Chapter 1 Exam Questions and Complete Solutions Graded A+
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NY STATE Real Estate UTest Exam Prep
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]
, 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: An ad that remains anonymous as to who is advertising. Which is illegal
What must be included in advertisement? - Answer: 17.25 Article 12-A of NY real property law stats
-must indicate broker name and phone #
What happen if broker license is suspended or there is revocation? - Answer: Salesperson and
associates broker licenses are suspended.
What are Fiduciary Duties? - Answer: Obedience
Loyalty
Disclosure
Confidentiality
Accountability
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