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Real Estate U Final Exam Study Guide Exam (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass Article 12-A of the NYS Real Property Law - Ans>>>The section of the New York Real Property Law pertaining to real estate salespersons an$10.99
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Real Estate U Final Exam Study Guide Exam (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass Article 12-A of the NYS Real Property Law - Ans>>>The section of the New York Real Property Law pertaining to real estate salespersons an
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Real Estate U Fi (2024 /
Real Estate U Final Exam Study Guide Exam (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass
Article 12-A of the NYS Real Property Law - Ans>>>The section of the New York Real Property Law
pertaining to real estate salespersons and brokers.
- Primary purpose is to "Prot...
Real Estate U Final Exam Study
Guide Exam ()
Questions and Verified Answers,
100% Guarantee Pass
Article 12-A of the NYS Real Property Law - Ans>>>The section of the
New York Real Property Law
pertaining to real estate salespersons and brokers.
- Primary purpose is to "Protect the Public"
- Requires a salesperson to be at least 18 years of age
- Requires a broker to be at least 20 years of age
Sponsor - Ans>>>A licensed real estate broker that holds the license of
a salesperson.
"Summary of Your Submission" - Ans>>>Obtained after your register for
the New York State
Salesperson exam using eAccessNY. You must bring this with
you when taking the State exam.
Misdemeanor - Ans>>>A crime punishable by up to a year in prison
and/or a $1,000 fine.
,Listing Agreement - Ans>>>An employment contract between principal
and agent, authorizing the
agent to perform services for the principle involving the latter's
property.
Pocket Card - Ans>>>A card issued by the Department of State to each
licensee which contains the
photo, name and business address of the licensee, and, in the case of a
real estate
salesperson, the name and business address of the broker with whom
he or she is associated
and shall certify that the person whose name appears thereon is a
licensed real estate broker or
salesperson.
- Must be carried by the agent at all times when serving as a
salesperson.
Fiduciary - Ans>>>A person who on behalf of or for the benefit of
another transacts business or
handles money or property not the person's own; such relationship
implies great confidence and
trust.
OLD CAR - Ans>>>- Obedience
- Loyalty
, - Disclosure
- Confidentiality
- Accountability
- Reasonable Care
Disclosure Regarding Real Estate Agency Relationships Form - Ans>>>A
written explanation, to
be signed by a prospective buyer or seller of real estate, explaining to
the client the role that the
broker plays in the transaction.
- First document to be submitted to all prospective clients
Exclusive Agency - Ans>>>An agreement of employment of a broker to
the exclusion of all other
brokers; if sale is made by any other broker during term of
employment, broker holding
exclusive agency is entitled to commissions in addition to the
commissions payable to the
broker who effected the transaction
- Made between a broker and a seller
Principal - Ans>>>The employer of an agent or broker; the broker's or
agent's client.
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