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What is the minimum licensing requirement to sell commercial real estate in New York? - CORRECT ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - CORRECT ANSWER expressed agency An amenity purchaser - CORRECT ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - CORRECT ANSWER real / deed A salesperson who is an independent contractor ...

NYREI School Exam questions with verified answers well illustrated 1. What is the minimum licensing requirement to sell commercial real estate in New York? --*:correct answers:*--a real estate salesperson's license 2. What is the preferred method of creating an agency relationship? --*:correct answers:*--expressed agency 3. An amenity purchaser --*:correct answers:*--occupies or uses the purchased property 4. Condominium units are considered _____ property and are conveyed by _____. --*:c...

NYREI School Exam Questions and Answers (100% Verified) Latest 2024/2025 Graded. What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an...

A _____ has a fiduciary obligation to a _____. - property manager / property owner A building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is this building's loss factor? - 20.9% A buyer is considering a house with asbestos insulation coating the water pipes. What should the buyer be most concerned about? - Asbestos can contaminate the house if removed improperly since airborne particles are dangerous. A buyer makes an offer, contingent on sell...

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