Real estate U BUNDLED exams 2023 with 100% correct answers

The Department of State - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law Outlines the roles/duties of the Department of State Commissio...

Department of State responsibility? Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines Roles and responsibilities of department of state. Typical commission in NY? 6% Commissions are ____...

Why is there a high demand for property managers in Florida? Absentee owners One qualified by education, training and experience who is hired to estimate the value of real and personal property

supply The amount of goods offered for sale within a given market at a given price during a given time period. General Agent A property manager is an example of what type of agent? Special Agent A real estate agent is an example of what type of agent? Residential, Commercial,...

Which of the following is NOT exempt from obtaining a license? A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. 2 A real estate salesperson operates as what type of agent to their client? Sp...

The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses is known as...? Administrative Discipline To mingle or mix funds is known as what...? Commingling Chris is a real estate broker involved in a r...

Which of the following is NOT exempt from obtaining a license? A.A license attorney admitted to the NYS Bar B.Public officers C.A court ordered official D.A licensed attorney acting as a sponsor to a real estate salesperson A licensed attorney acting as a sponsor to a real estate salesperson ...

Which of the following are tax-deductible expenses resulting from home ownership? Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? A married couple can use the $500...

What happens to the salesperson's license if the license of their sponsoring broker is suspended? A.The license of the salesperson will also be suspended. B.The license of the salesperson will be revoked and the salesperson will be required to pay a fine. C.The license of the salesperson will au...

NYS Department of State The Department of State is primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action. Article 12-A of the NYS Real Property Law outlines the roles/duties of the Department of State. Attorney General According to Artic...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his opti...

Administrative Discipline The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses Apartment Information Vendor Any person who engages in the business of claiming, demanding, charging, receiving, collecting,...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prosp...

What must a licensed real estate salesperson keep on him or herself at all times when practicing as an agent...? A. Business Card B. Pocket Card C. NYS Driver's License D. Cell Phone B. Pocket Card How many hours of course study must an individual take in order to sit for the New York...