NYREI BUNDLED exams 2023 with 100% correct answers

For the income approach to appraisal, value is a reference to what? the worth of the investment Which method of property description is most frequently used in New York State? Metes and bounds One important characteristic of investing caused Bill to invest in certificates of deposit ...

What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominiu...

Where is license law written? Article 12A of NY State Real Property Law Who is responsible for administrative discipline of real estate licensees? Department of State (DOS) or Secretary of State Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the sales...

According to IRS code, licensed re agents are: statutory non-employees who are treated as independent contractors for tax purposes Each licensed broker shall keep and maintain records for: 3 years Brokers can provide ______, but salespersons are responsible for _____ incurred office...

Planning board = Comprehensive Board What is the right that government can take property for the public good? Eminent Domain How long is your NY real estate license issued for? 2 Years Resales require a _________________________________________________ , it is not required fo...

-race was first protected class -no exemptions -plessy vs ferguson: seperate but equal was legal -brown vs board of ed: seperate but equal was illegal ... if disabled tenant wants to make a reasonable modification... you must allow them to do it at their own expense. And return it to ori...

What agency issues real estate licenses? Department of State or Division of licensing Services At what age can you become a real estate salesperson? 18 Do you need experience in the field to become a salesperson? No What is the minimum age to become a real estate broker? 20 ...

At what point must a sale person present agency disclosure form to a consumer First substantive contract someone walk into an open house listing agent must present agency disclosure before answering question about house An act of employment where client obligates himself to pay a bro...

Which is the law that allows one to appeal a decision made by DOS? article 78 Real estate professionals are required to take how many hours of continuing education every two years? 22.5 What is the term when another state will recognize the qualifications and education held by a New ...

block and lot Which type of legal description uses a survey map of a subdivision? exclusive right to sell Which type of listing agreement provides the greatest opportunity for a listing broker to earn a commission age Which protected class is NOT covered by New York State law but ma...