Nys board of real estate - Study guides, Class notes & Summaries
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions
- Exam (elaborations) • 26 pages • 2024
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions 
 
Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. 
Insurance Premiums 
What is overage rent? 
Rent calculated on a percentage of sales volume 
what is the amount a buyer owes at closing equal to? 
The excess of the buyers debits over the buyers credits 
real estate agents are typically what kind of agent 
special agent 
what is the em...
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
- Exam (elaborations) • 19 pages • 2024
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials 
 
 
Individuals not exempt from the licensure requirements would be: 
A: Trustees in a Bankruptcy 
B:Attorneys 
C:Receivers 
D:Those under age 21 
D: Those under Age 21 
The New York regulatory agency that oversees the real estate licensure is the: 
A :Multiple Listing Service 
B: New York State Real Estate Board 
C: Department of Law 
D: Department of State 
D: Department of State 
A seller pays an extra commission to go entirel...
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New York State Real Estate Salesperson Licensing Exam
- Exam (elaborations) • 5 pages • 2024
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New York State Real Estate Salesperson Licensing Exam 
In NYS, how old must one be to enter into contracts? - Answer ️️ -18 
What other capability should they possess? - Answer ️️ -Mental and emotional capability 
What happens if one of the parties to the contract is a minor? - Answer ️️ -The contract is 
voidable by the minor 
What does the zoning board of appeals do? - Answer ️️ -Grants variances 
What regulates construction standards in NYS? - Answer ️️ -Building codes 
Wh...
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
- Exam (elaborations) • 8 pages • 2024
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials 
 
 
How many members does the Governor appoint to the Board of Real Estate? 
3 brokers and 4 public members 
In order to become a licensed salesperson in New York, a candidate must _________successfully. 
complete the 77-hour pre-license course 
How will an examinee know what percent of the exam questions he or she answered correctly? 
The percentage score is not given to the examinee. 
For what are members of the Board compensat...
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NYS Notary Exam Questions All Answers Correct
- Exam (elaborations) • 11 pages • 2024
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NYS Notary Exam Questions All Answers Correct 
A notary at the time of appointment must be either a NYS resident or have a place of business in New 
York State?️TRUE - a notary must also be a united states citizen at the time of appointment. however, 
the department of state, division of licensing services web site adds that notary may also be a 
permanent resident alien of the united states 
A NYS resident notary public who moves out of NYS but still maintains a place of business in NYS ...
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New York State Real Estate Salesperson Licensing Exam
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
-
- $11.49
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New York State Real Estate Salesperson Licensing Exam 
In NYS, how old must one be to enter into contracts? - Answer ️️ -18 
What other capability should they possess? - Answer ️️ -Mental and emotional capability 
What happens if one of the parties to the contract is a minor? - Answer ️️ -The contract is 
voidable by the minor 
What does the zoning board of appeals do? - Answer ️️ -Grants variances 
What regulates construction standards in NYS? - Answer ️️ -Building codes 
Wh...
-
NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions
- Exam (elaborations) • 26 pages • 2024
-
- $11.49
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NYS Real Estate Exam Questions And Correct Answers. Complete Verified Solutions 
 
Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. 
Insurance Premiums 
What is overage rent? 
Rent calculated on a percentage of sales volume 
what is the amount a buyer owes at closing equal to? 
The excess of the buyers debits over the buyers credits 
real estate agents are typically what kind of agent 
special agent 
what is the em...
-
NYREI QUESTIONS WITH 100% CORRECT ANSWERS!!
- Exam (elaborations) • 7 pages • 2024
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$42,000 - Wilma sells her house for $600,000 two months after her husband passed away. They 
had purchased the house in 1952 for $58,000. Assuming they met the requirement for filing jointly, on 
what amount will Wilma have to pay income tax? 
110 volts. - As a measure of the force that pushes electricity through a wire, residential circuits 
operate at a minimum of: 
A building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is 
this building's loss fa...
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials
- Exam (elaborations) • 14 pages • 2024
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NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials 
 
 
Ed is a licensee who's always eager to help his clients in any way he can. One of his current clients has received an offer that will give her a tidy profit on her home. She tells Ed she's worried about her tax liability when the home sells. What can Ed tell her that will be most helpful? 
a. "I believe you'll be allowed to exclude some of that profit from your taxable income, but you should definitely consult wit...
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NYS Notary Exam questions with complete solutions.
- Exam (elaborations) • 9 pages • 2024
- Available in package deal
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NYS Notary Exam questions with complete solutions. 
 
 
 
 
 
 
 
 
 
A notary at the time of appointment must be either a NYS resident or have a place of business in New York State? - correct answer. TRUE - a notary must also be a united states citizen at the time of appointment. however, the department of state, division of licensing services web site adds that notary may also be a permanent resident alien of the united states 
 
A NYS resident notary public who moves out of NYS but still ma...
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