NYC REAL ESTATE EXAM 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED
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Course
NYC REAL ESTATE
Institution
NYC REAL ESTATE
NYC REAL ESTATE EXAM 2024 QUESTIONS WITH
CORRECT ANSWERS ALREADY PASSED AND
VERIFIED
It is essential that every deed be signed by the:
a) Devisee
b) grantee
c) grantor & grantee
d) Grantor - CORRECT ANSWER D- grantor
Jim's mechanic's lien will remain against the property for at least:
a)...
NYC REAL ESTATE EXAM 2024 QUESTIONS WITH
CORRECT ANSWERS ALREADY PASSED AND
VERIFIED
It is essential that every deed be signed by the:
a) Devisee
b) grantee
c) grantor & grantee
d) Grantor - CORRECT ANSWER D- grantor
Jim's mechanic's lien will remain against the property for at least:
a) 1 year
2) 8 Months
c) 10 years
d) 4 months - CORRECT ANSWER A- 1 year
A specific tract of land is known as a:
a) devise
b) chattel
c) parcel
d) littoral - CORRECT ANSWER C- parcel
If you are a salesperson working with a buyer, then the buyer is your client:
a) if you are servicing the buyer
b) if you have an agency contract with buyer
c) if the buyer has shared financial info with you
d) none of the above - CORRECT ANSWER B- if you have an agency contract with
the buyer
Rosita buys a summer cottage that has a mechanic's lien against it, placed by the
workman who was not paid by the former owner Jim, for constructing a dock. The lien
now:
a) is void
, NYC REAL ESTATE EXAM 2024 QUESTIONS WITH
CORRECT ANSWERS ALREADY PASSED AND
VERIFIED
b) is Jims responsibility only
c) remains as a claim against the property
d) is considered satisfied - CORRECT ANSWER C- remains as a claim against the
property
A home was purchased in 2005, for $425,000. It was sold recently for $478,000. What is
the rate of return on profit on this house? - CORRECT ANSWER 12.47%
478,000-425,000= 53,000
53,000*100=5,300,000
5,300,000/425,000= 12.47
Which of the following contains a list of all real property in the jurisdiction with annual
information including its assessed value?
a) Assessment roll
b) equalization rate list
c) grievance list
d) in rem document - CORRECT ANSWER a- assessment roll
The assignment of costs between the buyer and the seller at the closing is called:
a) Finishing fees
b) proration
c) closing accounting
d) real estate settlement & procedures - CORRECT ANSWER B- proration
In NYS, how old must one be to enter into contracts? - CORRECT ANSWER 18
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