Ny property - Study guides, Class notes & Summaries

NY General Adjuster Test (10-70) (2023/2024) Already Graded A 12/1 - even numbered yrs On what date does an adjuster's license need to be renewed? $1,000 What is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held When can the Superintendent of Insurance revoke an adjuster's license? a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d. When proof of offense has been received Example of unfair claim settlem...

Final NYS Exam Review Questions And Answers NYS Department of State - ANS The Department of State is primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action. Article 12-A of the NYS Real Property Law outlines the roles/duties of the Department of State. Commissions - ANS Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. A typical commission in New York is 6%...

Department of State responsibility? : Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines : Roles and responsibilities of department of state. Typical commission in NY? : 6% Commissions are ______ and determined by____? : -Negotiable -both client and broker Blind ad 2 | P a g e : An ad that remains anonymous as to who is advertising. Which is illegal What must be included in advertisement? : 1...

NY Real Estate License Exam Questions and Answers Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate broker? A) NY Real Property Law, Article 13 B) NY Real Property Law, Section 442-a C) NY Real Property Law, Section 441-c D) NY Real Property Law, Article 15-A - Answer ️️ -C) NY Real Property Law, Section 441-c How many members of the NYS Board of Real Estate must be real estate brokers? A) 5 B) 7 C) All D) None - Answer ️️ -A) 5 What are the expe...

NY Real Estate License Exam Questions and Answers Which NY law allows the DOS to revoke, suspend, fine, or reprimand a real estate broker? A) NY Real Property Law, Article 13 B) NY Real Property Law, Section 442-a C) NY Real Property Law, Section 441-c D) NY Real Property Law, Article 15-A - Answer ️️ -C) NY Real Property Law, Section 441-c How many members of the NYS Board of Real Estate must be real estate brokers? A) 5 B) 7 C) All D) None - Answer ️️ -A) 5 What are the expe...

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

Mold Assessment (FL) - Answer-A process performed by a mold assessor that includes the physical sampling and detailed evaluation of data obtained from a building history and inspection to formulate an initial hypothesis about the origin, identity, location and extent of amplification of mold growth greater than 10 square feet. Mold Remediation (FL) - Answer-The removal, cleaning, sanitizing, demolition or other treatment, including preventative activities, of mold or mold-contaminated matte...

Mold Assessment Question and answers correctly solved 2024 Mold Assessment (FL) - correct answer A process performed by a mold assessor that includes the physical sampling and detailed evaluation of data obtained from a building history and inspection to formulate an initial hypothesis about the origin, identity, location and extent of amplification of mold growth greater than 10 square feet. Mold Remediation (FL) - correct answer The removal, cleaning, sanitizing, demolition or other t...

A passenger is injured while getting into a friends car. Which of the following statements would apply if both the passenger and the driver had medical payments coverage under the auto policy. - Answer- The drivers policy would be primary. Adverse selection is a concept best described as: - Answer- Risks with higher probability of loss, seeking insurances more often than other risks. An example of an alien insurer doing business in NY is one formed under the laws of - Answer- Mexico Acc...

Where is license law written? CORRECT ANSWER Article 12A of NY State Real Property Law Who is responsible for administrative discipline of real estate licensees? CORRECT ANSWER Department of State (DOS) or Secretary of State Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the salesperson can't be relicensed until how much time has expired? CORRECT ANSWER 1 year If a broker's license is revoked, what happens to the salespersons who work for him? CORRECT ...