Exam (elaborations)
New York real estate Chapter 1 multiple choice 2024 Questions and Answers
- Course
- Institution
New York real estate Chapter 1 multiple choice 2024
[Show more]
Content preview
New York real estate Chapter 1 multiplechoice 2024
Individuals NOT exempt from the licensure requirements would be: - answer those
under age 21
The New York regulatory agency that oversees real estate licensure is the: - answer
Department of state
seller pays an extra commission to go entirely to the salesperson. The salesperson: -
answer may receive the extra monies if the sponsoring broker first receives the monies
and pays it to the salesperson
licensee activity that violates the license law is: - answer advising a buyer as to the
validity of a deed
A person typically exempt from real estate licensure is one: - answer acts for another as
a rental agent for one property
To induce a prospective buyer to purchase a property, a real estate broker informs the
buyer that the property is four years old although the broker knows the property is eight
years old. Relying on the broker's statement, the buyer contracts to purchase the
property. Which of the following is FALSE? The: - answerseller, not the broker, is
responsible for any misrepresentation
The maximum time allowed to renew a license without having to retake the state exam
is: - answerwithin two years from the expiration date of the license
A real estate salesperson license is: - answerkept by the broker
According to license law and regulations, the DOS requires a broker to: -
answerconspicuously display the broker's license
Which of the following is NOT exempt from taking continuing education? -
answerSalesperson licensed for 15 continuous years
Which of the following statements is FALSE? - answerNet listings are legal in some
New York counties.
Which of the following is TRUE regarding the termination of association by a
salesperson? - answersalesperson cannot associate with another brokerage firm until
his or her termination of association is filed with the DOS
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 julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now