New york state realestate - Study guides, Class notes & Summaries

New York State Real Estate Salesperson Licensing Exam 2024 Graded A

New York State Real Estate Salesperson Licensing Exam

How often must you renew your real estate salesperson/broker license? - Every 2 years What is the purpose of license laws in the real estate industry? - To minimize fraudulent practice and protect the general public The New York regulatory agency that oversees real estate licensure is the: - Department of State Most of the law about salespersons and brokers is in which article of the Real Property Law? - Article 12-A What are the age requirements for a broker applicant and a salesperson ap...

New York State Real Estate Salesperson Licensing Exam Questions and Answers In NYS, how old must one be to enter into contracts? - Answer- 18 What other capability should they possess? - Answer- Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer- The contract is voidable by the minor What does the zoning board of appeals do? - Answer- Grants variances What regulates construction standards in NYS? - Answer- Building codes What does muni...

Which of the following is NOT exempt from obtaining a license? - Answer A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. - Answer 2 A real estate salesperson operates as what type of agent to their client? - Answer Special Agent According to this, a broker may be held responsible for the unlawful actions of his/her salespersons? - Answer Vicarious Liability This Act made price fix...

New York State Real Estate Salesperson Licensing Exam In NYS, how old must one be to enter into contracts? - Answer ️️ -18 What other capability should they possess? - Answer ️️ -Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer ️️ -The contract is voidable by the minor What does the zoning board of appeals do? - Answer ️️ -Grants variances What regulates construction standards in NYS? - Answer ️️ -Building codes Wh...

New York State Real Estate Salesperson Licensing Exam

In NYS, how old must one be to enter into contracts? 18 What other capability should they possess? Mental and emotional capability What happens if one of the parties to the contract is a minor? The contract is voidable by the minor What does the zoning board of appeals do? Grants variances What regulates construction standards in NYS? Building codes What does municipal engineer's office do? Oversees planning and construction of major highways, sweet systems and water connections

New York State Real Estate Salesperson Licensing Exam UPDATED ACTUAL Questions and CORRECT Answers In NYS, how old must one be to enter into contracts? - CORRECT ANSWER- 18 What other capability should they possess? - CORRECT ANSWER- Mental and emotional capability What happens if one of the parties to the contract is a minor? - CORRECT ANSWER- The contract is voidable by the minor

How often must you renew your real estate salesperson/broker license? - Every 2 years What is the purpose of license laws in the real estate industry? - To minimize fraudulent practice and protect the general public The New York regulatory agency that oversees real estate licensure is the: - Department of State Most of the law about salespersons and brokers is in which article of the Real Property Law? - Article 12-A What are the age requirements for a broker applicant and a salesperson ap...