Nyrei school exam - Study guides, Class notes & Summaries

NYREI School Exam Questions and Answers (100% Verified) Latest 2024/2025 Graded A+. 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...

NYREI School Exam Questions & Answers Solved 100% Correct!!

Chapter 1 - correct answers--According to IRS, salespersons are independent contractors (earnings for 1099) Statutory Non-employees Keep records for 3 years Salesperson - 18 +, Broker - 20+ Receive commissions from supervising broker ONLY Broker cannot schedule them or require meetings - only regular supervision Chapter 2, 3, 4 - correct answers--Principal/ Client - hires agent While customer can see multiple brokers, clients cannot. Licensees are special, not general ...

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 CORRECT ANSWER is not subjec...

NYREI School Exam Questions and Correct Answers A vertical piece used to frame a structure is called a: - Answer-stud What are horizontal parallel framing boards used to support floor loads? - Answer-joist With regard to residential insulation, what does R- value refer to? - Answer-resistant to heat transfer What is the standard ventilation rate? - Answer-15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - Answer-Forced warm air syste...

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 - correct a...

NYREI School Exam Questions With 100% Correct Answers 2023

NYREI School Exam with correct Answers 100%

NYREI School Exam questions and answers

NYREI School Exam Questions and Correct Answers A vertical piece used to frame a structure is called a: - Answer-stud What are horizontal parallel framing boards used to support floor loads? - Answer-joist With regard to residential insulation, what does R- value refer to? - Answer-resistant to heat transfer What is the standard ventilation rate? - Answer-15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - Answer-Forced warm air system As...