NYREI EXAM BUNDLE PACK WITH COMPLETE SOLUTIONS| LATEST UPDATE

NYREI practice exam questions and answers For the income approach to appraisal, value is a reference to what? - CORRECT ️️ the worth of the investment Which method of property description is most frequently used in New York State? - CORRECT ️️ Metes and bounds One important characterist...

NYREI quiz questions with correct answers 2023 Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ any commission. What ...

NYREI Review Packet Exam with complete solutions What agency issues real estate licenses? - ANSWER ️️ Department of State or Division of licensing Services At what age can you become a real estate salesperson? - ANSWER ️️ 18 Do you need experience in the field to become a salesperson? - ...

NYREI School Test 2024 Age of salesperson - ANSWER ️️ 18 Experience for sales person - ANSWER ️️ No Age of broker - ANSWER ️️ 20 Broker experience - ANSWER ️️ 2 years experience and 3500 points How long to reapply for license - ANSWER ️️ One full year Confidentiality - ANSW...

NYREI STATE EXAM GROUP TUTORING According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? - CORRECT ️️ Two What type of residential real property transfer would require a property condition disclosure statement? - CORRECT ...

NYREI Study Guide with complete solutions (Graded A) Article 12A, Licensee - CORRECT ️️ -Real Estate License Law -Licensee is a broker or salesperson who holds a NY state real estate license -Can't work in real estate unless the licensee has a license broker to supervise -If a salesperson o...

NYREI Terms Exam Questions and Answers Accession - CORRECT ️️ Gives property owners the right to everything produced by their land Accessory Apartment - CORRECT ️️ an apartment within a single family dwelling Accord and Satisfaction - CORRECT ️️ an agreement to accept something dif...

NYREI Test 2023 Questions and Answers Chapter 1 - CORRECT ️️ According to IRS, salespersons are independent contractors (earnings for 1099) Statutory Non-employees Keep records for 3 years Salesperson - 18 +, Broker - 20+ Receive commissions from supervising broker ONLY Broker cannot sche...

NYREI TEST WITH COMPLETE SOLUTIONS In his first week on the job, property manager Tim checks the insurance coverage for the building he manages and indicates potential needs for more coverage. This is an example of Tim's obligation to - CORRECT ️️ a. risk management. What is it called when ...

NYREI - Study Material Questions with correct Answers Highest and Best - CORRECT ️️ legal, possible thing to do with real estate to maximize value Can real estate salespersons appraise? - CORRECT ️️ No Appraisal - CORRECT ️️ An objective opinion of value, done by licensed appraisers...

NYREI Chapter 1 + Chapter 1A Exam Questions and Answers independent contractor - CORRECT ️️ Independent contractor must pay his own expenses. · According to IRS code section 3508[A, B], real estate agents are statutory nonemployees and are therefore independent contractors. The code also s...

NYREI EXAM 3 QUESTIONS WITH CORRECT ANSWERS At what point must a sale person present agency disclosure form to a consumer - CORRECT ️️ First substantive contract someone walk into an open house listing agent must present agency disclosure before - CORRECT ️️ answering question about hous...

NYREI Exam Prep Exam Questions & Answers A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - CORRECT ️️ Periodic tenancy Physical land and everything attached to it is called - CORRECT ️️ Real Estate Equip...

NYREI exam question 2 with correct answers what is fine if seller doesn't give proper condition disclosure before buyer signs sale contract? - CORRECT ️️ $500 seller wants $140,000 on his sale. he must pay $44,500 mortgage and 12,600 closing costs. the commission is 6% what must sale price ...