Nys real property law - Study guides, Class notes & Summaries

Department of State responsibility? - Answer Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines - Answer Roles and responsibilities of department of state. Typical commission in NY? - Answer 6% Commissions are ______ and determined by____? - Answer -Negotiable -both client and broker Blind ad - Answer An ad that remains anonymous as to who is advertising. Which is illegal Wh...

NY State (Mortuary) Law Exam 1 – 4 Questions and Answers Already Passed The name of a registered resident may be on the letterhead of a funeral establishment. False All charges on a Itemization of Funeral Service & Merchandise Selected are going to be listed under either Funeral Home Charges or Cash Advance Charges. True When a funeral firm is owned and operated by an individual, the individual must be a licensed and registered NYS funeral director. True A funeral director duly ...

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 more than 1 year prison or $1,000 fine Listing Agreement Agreement between salesperson and property owner, allowing salesperson to provide services to the owner involving their porperty Pocket Ca...

Article 12 A - ans-NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - ans-Broker that holds salesperson license Summary of Submission - ans-Paper you get after registering for NYS test. Bring to tes with you Misedemanor - ans-Crime with no more than 1 year prison or $1,000 fine Listing Agreement - ans-Agreement between salesperson and property owner, allowing salesperson to provide services to the ow...

Department of State responsibility? : Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines : Roles and responsibilities of department of state. Typical commission in NY? : 6% Commissions are ______ and determined by____? : -Negotiable -both client and broker Blind ad 2 | P a g e : An ad that remains anonymous as to who is advertising. Which is illegal What must be included in advertisement? : 1...

NYREI Test Prep UPDATED Exam Questions and CORRECT Answers Where is license law written? - CORRECT ANSWER- Article 12A of NY State Real Property Law Who is responsible for administrative discipline of real estate licensees? - CORRECT ANSWER- Department of State (DOS) or Secretary of State Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the salesperson can't be relicensed until how much time has expired? - CORRECT ANSWER- 1 yea

Article 12A: NYS Real Property Law "Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption -profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property Condition Disclosure Statement - 6 page statement seller must fill out on condition of property...

Where is license law written? CORRECT ANSWER Article 12A of NY State Real Property Law Who is responsible for administrative discipline of real estate licensees? CORRECT ANSWER Department of State (DOS) or Secretary of State Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the salesperson can't be relicensed until how much time has expired? CORRECT ANSWER 1 year If a broker's license is revoked, what happens to the salespersons who work for him? CORRECT ...

Where is license law written? o :## Article 12A Under NYS Real Property Law, when Dept. of State revokes a salesperson's license, the salesperson can't be relicensed until how much time has expired? o :## 1 year If a broker's license is taken away, what happens to the salespersons who work for him? o :## Their licenses are suspended until they associate with a new broker. What could happen to somebody who breaks Article 12A? o :## Loss of license, $1000 fine, and year in jail. Is vi...

NY Real Estate License Exam Questions and Answers Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate broker? A) NY Real Property Law, Article 13 B) NY Real Property Law, Section 442-a C) NY Real Property Law, Section 441-c D) NY Real Property Law, Article 15-A - Answer ️️ -C) NY Real Property Law, Section 441-c How many members of the NYS Board of Real Estate must be real estate brokers? A) 5 B) 7 C) All D) None - Answer ️️ -A) 5 What are the expe...