Nyrei exam 3 - Study guides, Class notes & Summaries

NYREI EXAM 3 QUESTIONS WITH CORRECT ANSWERS

NYREI EXAM 3 QUESTIONS WITH CORRECT ANSWERS At what point must a sale person present agency disclosure form to a consumer - CORRECT ️️ First substantive contract someone walk into an open house listing agent must present agency disclosure before - CORRECT ️️ answering question about house An act of employment where client obligates himself to pay a brokerage commission if the property sells during term of if the property sells during term of listing agreement is: - CORRECT ️️ ...

NYREI EXAM 3 QUESTIONS WITH CORRECT ANSWERS

NYREI EXAM 3 QUESTIONS WITH CORRECT ANSWERS

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 Exam Review (1-10) Questions and Answers (Graded A) According to IRS code, licensed re agents are: - ANSWER ️️ statutory non- employees who are treated as independent contractors for tax purposes Each licensed broker shall keep and maintain records for: - ANSWER ️️ 3 years Brokers can provide ______, but salespersons are responsible for _____ incurred - ANSWER ️️ office and supplies, expenses Who issues real estate licenses - ANSWER ️️ NY State Dept of State's Divisi...