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NYREI School Exam 2024 Questions With All Correct Answers!!
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NYREI School Exam 2024 Questions With All Correct Answers!!
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Name: Score:191 Multiple choice questions
Term 1 of 191
seller tells pam not to show to minorities what must pam do?
salesperson
reduce
refuse
confess
Term 2 of 191
who oversees management of a co-op
audit committee
covenant of seizin
corporation
board of directors
Term 3 of 191
A licensee gets listings by telling homeowners that values will go down when immigrants move in.
Licensee is guilty of
redlining
steering
blockbusting
reverse appraising
,Term 4 of 191
what mortgage is used in release land subdivision financing
leasehold
blanket
negative amortization
package
Term 5 of 191
Commingling violates which duty?
confidentiality
responsibility
accountability
liability
Term 6 of 191
what are amounts paid to lender at loan organization to account for the difference between
market interest rate and lower contract rate of the note?
negative amortization
interest rate and loan fee and points
discount points
discount rate
,Term 7 of 191
title to a co-op apt is held by
the partnership
negative amortization
sociocultural forces
the corporation
Term 8 of 191
An agent who discusses commission rates changed by his broker with someone from another
company could be accused of which anti - trust violation?
price - fixing
tie - in agreement
replacement costs
manufacturing
Term 9 of 191
which deed affords greatest protection to buyer?
full covenant and warranty
seisin
bargain and sale
general warranty deed
, Term 10 of 191
what substance destroys ozone?
Lead
Shelters
CFCs
Pcbs
Term 11 of 191
what insurance policy would ensure that full amount needed to cover loss of belongings from a
fire is paid
appraisal costs
internal failure costs
prevention costs
replacement costs
Term 12 of 191
What diseases does asbestos cause?
confidentiality
falling objects
lung = asbestos + mesothelioma
% lease
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