REAL ESTATE U FINAL EXAM AND FINAL PRACTICE EXAM LATEST ACTUAL EXAM 120 QUESTIONS AND CORRECT DETAILED ANSWERS Latest Update
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Course
REAL ESTATE
Institution
REAL ESTATE
Article 12 A
NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3)
broker at least 20 years .
Sponsor
Broker that holds salesperson license
Summary of Submission
Paper you get after registering for NYS test. Bring to tes with you
Misedemanor
Crime with no ...
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✓ Anti-competition. Illegal
Independent Contractor
✓ Not an employee. Agrees to do something for someon else based on a contract. Does not
have to work anywhere specifically and broker cannot control the person's activities
Bundle of Rights
✓ Ownership comes with an array of rights including livign, leasing, selling (in part or
whole). Includes quiet enjoyment
Littoral Rights
✓ Rights to water along a property
Riparian Rights
✓ Rights to running water along a property
Specifc Lien
✓ Lient against a specific asset, like a mortgage
Voluntary lien
✓ Voluntary lien against an asset, like a mortgage
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