New York Real Estate Bundled Exams Questions and Answers with Verified Solutions

New York State Real Estate Salesperson Licensing Exam Questions and Answers 100% Pass In NYS, how old must one be to enter into contracts? 18 What other capability should they possess? Mental and emotional capability What happens if one of the parties to the contract is a minor? The contract is vo...

New York Real Estate Exam Prep Questions and Answers 100% Pass The situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker -Dual Agent A seller has listed her home with a broker for $90,000, and the b...

New York Real Estate Salesperson Exam with Verified Solutions Article 12A: NYS Real Property Law "Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get li...

NYS Real Estate Salesperson Exam Questions and Answers with Complete Solutions How often must you renew your real estate salesperson/broker license? Every 2 years What is the purpose of license laws in the real estate industry? To minimize fraudulent practice and protect the general public The New...

NY Real Estate Practice Exam Questions and Answers 100% Pass 1. To be licensed as a real estate broker, an individual must be at least how old? a. 16 b. 18 c. 20 d. 21 c. 20 2. Which of the following individuals is exempt from licensure? a. attorneys admitted to practice in the New York courts...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM WITH VERIFIED SOLUTIONS 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead -B: Salesperson can accept compensation only from their sponsoring broker. 2-The mi...

NY REAL ESTATE EXAM (2022/2023) ALREADY PASSED associate real estate broker a licensed real estate broker who may perform the acts of a broker but chooses to work under the name and supervision and license of a licensed broker real estate broker any oersons partnership association or corporation wh...

New York Real estate exam official study guide with certified solutions What agency issues real estate licenses? NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? 18 Do you need experience in the field to become a salesperson? No What is the minimum age to becom...

STUDY GUIDE FOR THE NY REAL ESTATE EXAM WITH CERTIFIED SOLUTIONS Independent contractor must pay their own expenses. According to IRS code section 3508[A, B], real estate agents are statutory non-employees and are therefore independent contractors. The code also states that there must be a written ...

Real Estate New York Exam (2022/2023) Already Passed The practice of inducing homeowners in a particular neighborhood to sell their homes quickly, often at below market prices, by creating the fear that the entry of a minority group or groups into the neighborhood will cause a precipitous decline i...