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NYREI Test/Exam Bundled Resources with Complete Solution | Expert Verified 2024/2025 | Guaranteed Success
[Show more]NYREI Test/Exam Bundled Resources with Complete Solution | Expert Verified 2024/2025 | Guaranteed Success
[Show more]A "Rule" that says an informed buyer will not pay more for one home than a comparable one is - 
Substitution 
A borrower pays off his loan. However, the lender refuses to cancel the mortgage. Which of the 
following clauses of a mortgage has the lender violated? - Defeasance clause 
(A defeasance ...
Preview 4 out of 66 pages
Add to cartA "Rule" that says an informed buyer will not pay more for one home than a comparable one is - 
Substitution 
A borrower pays off his loan. However, the lender refuses to cancel the mortgage. Which of the 
following clauses of a mortgage has the lender violated? - Defeasance clause 
(A defeasance ...
A CMA is prepared to estimate the likely sale price of a property. This analysis is based on the - 
market data approach. 
A forced sale is also known as - specific performance. 
A group of New York City neighbors wants to get a theater on their block designated as a landmark. How 
old must that the...
Preview 2 out of 8 pages
Add to cartA CMA is prepared to estimate the likely sale price of a property. This analysis is based on the - 
market data approach. 
A forced sale is also known as - specific performance. 
A group of New York City neighbors wants to get a theater on their block designated as a landmark. How 
old must that the...
1866 Civil Rights Act prohibits discrimination on: - race 
A broker must: - give all offers to seller 
A house has many liens, in foreclosure, which lien is paid first? - property tax 
a house has many liens. in foreclosure which is paid first - real property tax 
a large increase in amount of money...
Preview 3 out of 16 pages
Add to cart1866 Civil Rights Act prohibits discrimination on: - race 
A broker must: - give all offers to seller 
A house has many liens, in foreclosure, which lien is paid first? - property tax 
a house has many liens. in foreclosure which is paid first - real property tax 
a large increase in amount of money...
A _____ has a fiduciary obligation to a _____. - property manager / property owner 
A building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is 
this building's loss factor? - 20.9% 
A buyer is considering a house with asbestos insulation coating the wate...
Preview 2 out of 8 pages
Add to cartA _____ has a fiduciary obligation to a _____. - property manager / property owner 
A building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is 
this building's loss factor? - 20.9% 
A buyer is considering a house with asbestos insulation coating the wate...
4 types of Deeds = Full Covenant, Bargains/Sale, Quitclaim, Judicial - 
a. Full Covenant = best deed 
b. Quitclaim = quit your claim (divorce/cloud on title) 
c. Judicial = deed written by court 
A legal description of property based on lines of longitude and latitude, townships, and sections is 
d...
Preview 2 out of 13 pages
Add to cart4 types of Deeds = Full Covenant, Bargains/Sale, Quitclaim, Judicial - 
a. Full Covenant = best deed 
b. Quitclaim = quit your claim (divorce/cloud on title) 
c. Judicial = deed written by court 
A legal description of property based on lines of longitude and latitude, townships, and sections is 
d...
1x sold
A building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is 
this building's loss factor? - 20.9% 
A buyer is considering a house with abestos covering the water pipes, what should the buywe be most 
concerned about? - Abestos can contaiminate the house i...
Preview 2 out of 6 pages
Add to cartA building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is 
this building's loss factor? - 20.9% 
A buyer is considering a house with abestos covering the water pipes, what should the buywe be most 
concerned about? - Abestos can contaiminate the house i...
1 acre - 43,560 square feet 
100 by 150 - first number is always the front footage / beachfront 
3 Approaches to Value - 1. Sales Comparison Approach 
2. Cost Approach 
3. Income Approach 
A broker must give: - all offers to the seller, sound advice on mortgages, accurate appraisals, and 
explanatio...
Preview 3 out of 20 pages
Add to cart1 acre - 43,560 square feet 
100 by 150 - first number is always the front footage / beachfront 
3 Approaches to Value - 1. Sales Comparison Approach 
2. Cost Approach 
3. Income Approach 
A broker must give: - all offers to the seller, sound advice on mortgages, accurate appraisals, and 
explanatio...
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