Exam (elaborations)
Real Estate U NYS - Chapter 1 Exam Questions and Complete Solutions Graded A+
- Course
- Institution
Real Estate U NYS - Chapter 1 Exam Questions and Complete Solutions Graded A+
[Show more]
Content preview
NY STATE Real Estate UTest Exam Prep
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]
, Department of State responsibility? - Answer: Responsible for issuing real estate licenses, pock cards,
and handing down disciplinary action.
Article 12-A NYS real property law outlines - Answer: Roles and responsibilities of department of state.
Typical commission in NY? - Answer: 6%
Commissions are ______ and determined by____? - Answer: -Negotiable
-both client and broker
Blind ad - Answer: An ad that remains anonymous as to who is advertising. Which is illegal
What must be included in advertisement? - Answer: 17.25 Article 12-A of NY real property law stats
-must indicate broker name and phone #
What happen if broker license is suspended or there is revocation? - Answer: Salesperson and
associates broker licenses are suspended.
What are Fiduciary Duties? - Answer: Obedience
Loyalty
Disclosure
Confidentiality
Accountability
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now