Exam (elaborations)
New York State Real Estate Salesperson Licensing Exam questions & answers.
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NYS Real Estate
New York State Real Estate Salesperson Licensing Exam questions & answers.
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New York State Real Estate Salesperson Licensing
Exam questions & answers
In .NYS, .how .old .must .one .be .to .enter .into .contracts? .- .(correct .answer) .-18
What .other .capability .should .they .possess? .- .(correct .answer) .-Mental .and .emotional .capability
What .happens .if .one .of .the .parties .to .the .contract .is .a .minor? .- .(correct .answer) .-
The .contract .is .voidable .by .the .minor
What .does .the .zoning .board .of .appeals .do? .- .(correct .answer) .-Grants .variances
What .regulates .construction .standards .in .NYS? .- .(correct .answer) .-Building .codes
What .does .municipal .engineer's .office .do? .- .(correct .answer) .-Oversees .planning .and .construction .of
.major .highways, .sweet .systems .and .water .connections
If .a .property .ad .states .that .the .property .is .near .the .vicinity .of .a .geographical .area, .what .else .mud .t
he .ad .include? .- .(correct .answer) .-
It .must .include .the .name .of .the .geographical .area .where .the .property .is .actually .located
Who .is .usually .exempt .from .property .taxes? .- .(correct .answer) .-
Disabled, .veterans, .farmers, .elderly .gold .star .parents .*kids .die .in .the .war, .star .program .homeowner
s
Who .is .not .usually .exempt .from .property .taxes? .- .(correct .answer) .-Second .home .owners
What .covers .fully .or .personal .property .lost .in .a .fire? .- .(correct .answer) .-Replacement .cost
Find .the .square .footage .of .a .rectangular .shaped .floor .plan. .How .do .you .find .the .area .of .a
.square/rectangle? .- .(correct .answer) .-Length .x .Width .= .Area
What .is .the .cash .on .cash .return .on .a .$2,000,000 .property .with .a .down .payment .of .$500,000 .and .
$15,000 .monthly .rental .income? .- .(correct .answer) .-36%
Who .hires .the .agent? .- .(correct .answer) .-Principal .or .client
, What .is .not .a .CMA .(Comparative .Market .Analysis?) .- .(correct .answer) .-An .apprasial
What .cannot .a .salesperson .do? .- .(correct .answer) .-
Collect .money .directly .from .the .client .or .customer
When .should .the .Agency .disclosure .form .be .submitted? .- .(correct .answer) .-
At .the .first .substantive .contact
Which .document .describes .the .agency .(who .he .or .she .represents) .of .the .salesperson? .- .
(correct .answer) .-Agency .disclosure .form
What .is .another .name .for .the .slope .of .a .roof? .- .(correct .answer) .-Pitch
What .carcinogenic .component .was .used .as .insulation .in .electric .transformers .that .contaminated .soil
.and .ground .water? .- .(correct .answer) .-PCB's .or .polychlorinated .biphenyls
What .can .brokers .provide .their .salespeople .if .they .are .independent .contractors? .- .
(correct .answer) .-Office .phone
Whats .right .to .access .whiter .from .a .river .or .stream .called? .- .(correct .answer) .-Riparian
What .did .the .civil .rights .act .of .1866 .protect .without .exception? .- .(correct .answer) .-Race
What .did .the .1988 .amendment .to .the .civil .rights .act .protect? .- .(correct .answer) .-
Disability .and .familial .status
What .is .convincing .owners .to
.sell/lease .property .by .telling .them .a .particular .group .of .people .are .moving .into .the .area .called? .- .
(correct .answer) .-Blockbusting
What .is .it .called .when
.lenders/insurance .agents .refuse .to .do .business .in .a .certain .area .based .on .the .characteristics .of .the .
people .living .there? .- .(correct .answer) .-Redlining
Unless .specified .a .lesser .estate, .transfer .of .title .to .real .property .in .NYS .creates .what .type .of .interes
t? .- .(correct .answer) .-Fee .Simple
What .is .another .name .for .transfer .of .title .to .real .property? .- .(correct .answer) .-Conveyance
What .is .it .called .when .the .government .dictates .how .a .property .can .be .used? .- .(correct .answer) .-
Zoning
Who .issues .real .estate .licenses? .- .(correct .answer) .-NY .Department .of .State
Who .oversees .licensing .and .registration .of .mortgage .bankers .and .brokers? .- .(correct .answer) .-
NYS .banking .department
Which .department .oversees .drinking .water .safety? .- .(correct .answer) .-Department .of .Health