Ny state real estate - Study guides, Class notes & Summaries

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The Department of State - Answer - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law - Answer Outlines the roles/duties of the Department of State Commissions - Answer - 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%. - Com...

According to IRS code, licensed re agents are: CORRECT ANSWER statutory non-employees who are treated as independent contractors for tax purposes Each licensed broker shall keep and maintain records for: CORRECT ANSWER 3 years Brokers can provide ______, but salespersons are responsible for _____ incurred CORRECT ANSWER office and supplies, expenses Who issues real estate licenses CORRECT ANSWER NY State Dept of State's Division of Licensing Services associate real estate brokers CO...

NY Real Estate State Exam (Mult Choice) Verified answers latest update

New York Notary Exam Practice Test with 100% Correct Answers 2023 If a notary refused to notarize an affidavit presented for NY notary mobile services, what is the potential maximum jail sentence? One month Three months Six months One year - Correct answer-One year The notary certificate of a witness to the execution of a real estate conveyance is called: Qualified resident Official character Proof certificate None of the above - Correct answer-Proof certificate Which of the followi...

NY Real Estate State Exam (Mult Choice)

Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)The Department of State - ANSWER-- Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for bro...

NYREI Study Guide with complete solutions (Graded A) Article 12A, Licensee - CORRECT ️️ -Real Estate License Law -Licensee is a broker or salesperson who holds a NY state real estate license -Can't work in real estate unless the licensee has a license broker to supervise -If a salesperson or broker's license is revoked, the licensee must wait 1 year to apply to get their license back Licensee - CORRECT ️️ is a broker or salesperson who holds a NY state real estate license Capit...

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...

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%...