Nyrei exam stuvia - Study guides, Class notes & Summaries

A 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 to it is called - ANSWER Real Estate Equipment a tenant installs for use in his or her business is called - ANSWER Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighborhood Is c...

A 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 to it is called - ANSWER Real Estate Equipment a tenant installs for use in his or her business is called - ANSWER Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighborhood Is c...

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 What happens to you if your broker is s...

NYREI Exam Review (1-10) Questions and Answers 100% CorrectNYREI Exam Review (1-10) Questions and Answers 100% CorrectNYREI Exam Review (1-10) Questions and Answers 100% CorrectNYREI Exam Review (1-10) Questions and Answers 100% CorrectAccording 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 salesperson...

NYREI Exam Questions and Answers 100% CorrectNYREI Exam Questions and Answers 100% CorrectNYREI Exam Questions and Answers 100% CorrectNYREI Exam Questions and Answers 100% CorrectNYREI Exam Questions and Answers 100% CorrectNYREI Exam Questions and Answers 100% CorrectWho is responsible for the administration of licensing? - ANSWER-Secretary of State Which article of real property law deals with licensees? - ANSWER-Article 12A Which article of real property law deals with real estate tran...

A vertical piece used to frame a structure is called a: - ANSWER stud What are horizontal parallel framing boards used to support floor loads? - ANSWER joist With regard to residential insulation, what does R- value refer to? - ANSWER resistant to heat transfer What is the standard ventilation rate? - ANSWER 15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - ANSWER Forced warm air system As a measure of the force that pushes electrici...

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 Division of Licensing Services associate real estate brokers - ANSWER became brokers bu...

Who is responsible for the administration of licensing? - ANSWER Secretary of State Which article of real property law deals with licensees? - ANSWER Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - ANSWER Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - ANSWER Article 14 What does section 443 of Article 12A deal with? - ANSWER disclosure issue...

A vertical piece used to frame a structure is called a: - ANSWER stud What are horizontal parallel framing boards used to support floor loads? - ANSWER joist With regard to residential insulation, what does R- value refer to? - ANSWER resistant to heat transfer What is the standard ventilation rate? - ANSWER 15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - ANSWER Forced warm air system As a measure of the force that pushes electrici...

NYREI School Exam Questions and Answers 100% CorrectNYREI School Exam Questions and Answers 100% CorrectNYREI School Exam Questions and Answers 100% CorrectNYREI School Exam Questions and Answers 100% CorrectNYREI School Exam Questions and Answers 100% CorrectNYREI School Exam Questions and Answers 100% CorrectA vertical piece used to frame a structure is called a: - ANSWER-stud What are horizontal parallel framing boards used to support floor loads? - ANSWER-joist With regard to residenti...