Nyrei - Study guides, Class notes & Summaries

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 abestos covering the water pipes, what should the buywe be most concerned about? - Abestos can contaiminate the house if removed improperly since airborne particles are dangerous A homeowner wants to net $140,000 on his house, if closing costs are $12,600 and he owes $44,500 on current morgage, and is pauing 6% comm...

What is the minimum licensing requirement to sell commercial real estate in New York? - ans a real estate salesperson's license What is the preferred method of creating an agency relationship? - ans expressed agency An amenity purchaser - ans occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ans real / deed A salesperson who is an independent contractor - ans is not subject to withholding requireme...

NYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectA leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ANSWER-Periodic tenancy Physical land and everything attached t...

Planning board = - ANSWER Comprehensive Board What is the right that government can take property for the public good? - ANSWER Eminent Domain How long is your NY real estate license issued for? - ANSWER 2 Years Resales require a _________________________________________________ , it is not required for new construction or through the court. - ANSWER Property Condition Disclosure Form What do brand new properties require? - ANSWER A Warranty

NYREI STATE EXAM GROUP TUTORING question and answers 2023 passed According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? - correct answer Two What type of residential real property transfer would require a property condition disclosure statement? - correct answer Re-sales What happens to the licenses of salespersons if their sponsoring broker's license is revoked or suspended? - correct answer They are suspended A...

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

NYREI School Exam (question and answers 2023) graded A+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 salesperso...

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