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New York Real Estate Brokers Exam Questions Graded A+
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New York Real Estate Brokers Exam
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New York Real Estate Brokers Examabstract of title - answer The condensed history of a title to a particular parcel of real
estate
abutting - answer neighboring land with a common boundary
acceleration clause - answer clause in a note or mortgage that can be enforced to make
the entire debt due immediately if mortgagor defaults
accession - answer acquisition of land by deposits from an adjoining stream; also the
acquisition of fixtures or improvements built on one's land by another
accessory (apartment) use - answer an additional apartment, usually small, sometimes
allowed in an area zoned for one-family homes, which might be used for elderly
grandparents; or a small home business
action to quiet title - answer legal action to perfect the claim
Adirondack Park Agency - answer regulates development on private land in the park
affirmative marketing - answerprogram to inform all buyers in a minority community
about housing opportunities available, without discrimination
alpha particles - answeruranium decays and produces radon gas, which in turn decays
and produces alpha particles
apportionments - answeradjustment of the income, expenses, or carrying charges of
real estate usually computed to the date of closing of title so that the seller pays all
expenses to that date
asbestos - answerlung disease caused by exposure to asbestos
basement - answerspace wholly or partly below grade, usually not used for living
accommodations
black book - answeroffering plan for a coop or condo as accepted for filing by the
attorney general and used for marketing
boot - answermoney or property given to make up any difference in value or equity
between two properties in an exchange
, building-related illness (BRI) - answersymptoms such as hypersensitivity, asthma, and
allergic reactions caused by toxic substances and pathogens in a building that remain
with the affected individual even when away from the building
bullet loan - answershort or intermediate term (3 to 5 years) interest-only loan with a
balloon payment at the end of the term ; as called an intermediate loan or conduit
financing
casement window - answera window that opens on hinges
CBS - answermemory aid for an appraiser's adjustments: Comparable, better, subtract
chlordane - answeran insecticide banned in the 1980s
company dollar - answerfunds remaining after the costs of sales, such as commissions
paid to sales associates, referral fees, and cooperating fees paid to other brokers, are
deducted from gross commissions received by the company
CPA - answerAppraiser's memory aid in making adjustments: Comparable Poorer, Add
datum - answerpoint from which elevations are measured; mean sea level in New York
harbor, or local ___________
double-hung window - answera sash window with two vertically sliding sashes; both
single-hung and double-hung window sashes are controlled and held in place by
springs or weights
electromagnetic field (EMF) - answerInvisible energy fields created by the movement of
electrical currents in high-tension wires and electrical appliances. EMFs may be
responsible for occurrences of cancer, hormonal changes, and behavioral disorders
equalization factor - answerA multiplier that adjusts for different communities' tax
assessment policies.
filtering down - answerprocess by which housing units formerly occupied by middle-and
upper-income families decline in quality and value and become available to lower-
income occupants
hamlet - answergrowth and service centers of the park where the APA encourages
development. Intentionally, the agency has very limited permit requirements in these
areas
group home - answera living unit housing more than three unrelated individuals
hectare - answerland measurement equivalent to 10,000 square meters, or
approximately 2.471 acres
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