Exam (elaborations) Real Estate U - Final Exam 2 Exam (elaborations) RealEstateU - Washington State 3 Exam (elaborations) Real Estate Fundamentals Final Exam 4 Exam (elaborations) Real Estate Final Exam (150 Questions ) #1 Games and activities 5 Exam

Administrative Discipline - answer-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 - answer-Any person who engages in the business of claiming, demanding, charging, receiving,...

Article 12 A - answer-NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - answer-Broker that holds salesperson license Summary of Submission - answer-Paper you get after registering for NYS test. Bring to tes with you Mise...

The Department of State - answer-- 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 - answer-Outlines the roles/duties of the Department of State C...

Article 12-A of the NYS Real Property Law - answer-- The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 year...

Which of the following are tax-deductible expenses resulting from home ownership? - answer-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? - answer-A married couple can ...

A. Obedience B. Reasonable Care C. Accountability D. Loyalty - answer-C. Accountability A situation in which one party is held partly responsible for the unlawful actions of a third party is known as...? A. Dual Agency B. Principal Arrangement C. Undivided Loyalty D. Vicarious Liability ...

Salesperson's Sponsoring Broker - answer-a real estate salesperson closes on a transaction, who pays the salespersons commission? General Agent - answer-An agent with full authority over one property of the principle. EX: Property Manager. Supply - answer-Te amount of goods offered for sale w...

Accountability - answer-To be responsible. (Safeguard any money or property held on behalf of the client) Advance Consent to Dual Agency - answer-The seller or buyer agrees to dual agency before it occurs by indicating the same on the agency disclosure form Agent - answer-One who undertakes to...

The minimum standards of human behavior are known as - answer-law the rules of a profession created by a professional association are known as - answer-ethics A person who has died leaving a will is known as - answer-testate a person who has died without leaving a will - answer-intestate ...

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

A deed to relinquish any interest in property with the grantor without interference of possession is known as a...? - answer-quitclaim deed A written instrument which when properly executed and delivered conveys title to real property from one person (grantor) to another (grantee) is known as a.....

Bargain and Sale Deed - answer-Any deed that recites a consideration and purports to convey the real estate; a bargain and sale deed with a covenant against the grantor's act is one in which the grantor warrants that grantor has done nothing to harm or cloud the title. Deed - answer-A written in...

In a sub-lease, who is responsible for paying rent to the landlord? - answer-The original tenant Which of the following individuals is NOT required to have a real estate license? - answer-An attorney admitted to the NY State Bar Which of the following loans has a monthly payment that is lower ...

At a closing Buyer Betsy and George were provided a deed to transfer the property to them from the seller. What type of deed would Buyer Betsy and George most likely receive from the seller at closing if there were no issues at all with the title of the property? - answer-General Warranty Deed Wh...