Nyrei state exam - Study guides, Class notes & Summaries

NYREI Important Terms Exam 2023 Questions and Answers Article 12A, Licensee: - ANSWER ️️ Article 12A is part of the NY. State Real Property Law known as "Real Estate License Law." And it is the article that states the things that can and cannot. Be done with our license. Capital Gains Tax Exemption - ANSWER ️️ Capital gains are profits from sale which are taxed. Taxpayer Relief Act, a law that says $250,000 of profit is tax-free (tax-exempt) for a single person and $500,000 for ...

NYREI UPDATED Exam Questions and CORRECT Answers block and lot - Ans Which type of legal description uses a survey map of a subdivision? exclusive right to sell - Ans Which type of listing agreement provides the greatest opportunity for a listing broker to earn a commission age - Ans Which protected class is NOT covered by New York State law but may be covered by a specific municipality?

NYREI School Exam Questions and Answers (100%Correct Solutions). 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 independent co...

NYREI Review Packet Exam with complete solutions What agency issues real estate licenses? - ANSWER ️️ Department of State or Division of licensing Services At what age can you become a real estate salesperson? - ANSWER ️️ 18 Do you need experience in the field to become a salesperson? - ANSWER ️️ No What is the minimum age to become a real estate broker? - ANSWER ️️ 20 Do you need experience in the field to become a real estate broker? - ANSWER ️️ Yes, 2 years experien...

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Correct) Which article of real property law deals with licensees? Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A deal with? disclosure issues Which federal agency is not involved with real es...

NYREI School Exam Questions and Answers (100%Correct Solutions). 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 independent co...

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Verified) Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A deal with? disclosure issues Which federal agency is not involved with real estate? SEC Oksana was a broker in Russia, with a very poor understand...

NYREI School Exam Questions and Answers (100%Correct Solutions). 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 independent co...