Nyrei 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...

Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ any commission. What type of listing did Greg have with PDQ? - ANSWER Exclusive agency Which statement indicates that the listing agreement is an exclusive right to sell? (the commission expected on the sale price, a notice to terminate the agreement at the end of the ...

NYREI Quiz Questions and Answers 100% CorrectNYREI Quiz Questions and Answers 100% CorrectNYREI Quiz Questions and Answers 100% CorrectNYREI Quiz Questions and Answers 100% CorrectNYREI Quiz Questions and Answers 100% CorrectNYREI Quiz Questions and Answers 100% Correct Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ ...

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...

Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ any commission. What type of listing did Greg have with PDQ? - ANSWER Exclusive agency Which statement indicates that the listing agreement is an exclusive right to sell? (the commission expected on the sale price, a notice to terminate the agreement at the end of the ...

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 Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% Correct Chapter 1 - ANSWER-According to IRS, salespersons are independent contractors (earnings for 1099) Statutory Non-employees Keep records for 3 years Salesperson - 18 +, Broker - 20+ Receive commissions from supervising...

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...