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Real estate U EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A$27.49
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Real estate U EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A
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Course
Real estate U
Institution
Real Estate U
Real estate U EXAM AND PRACTICE EXAM NEWEST ACTUAL
EXAM COMPLETE300 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
during which stage of a real estate transaction must the
licensee remember to impart information to the seller
regarding the potential buyer's qu...
Real estate U EXAM AND PRACTICE EXAM NEWEST ACTUAL
EXAM COMPLETE300 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
during which stage of a real estate transaction must the
licensee remember to impart information to the seller
regarding the potential buyer's qualifications and the quality
of the offer being presented? - correct answer during the
negotiation stage
why should real estate licensees have good knowledge of
the loan programs that are currently available from local
banks and other lenders? - correct answer financing is a
critical part of the transaction. licensees need to stay
current on lenders' guidelines so they can qualify both the
buyers and the property.
what is the mission of the division of licensing services? -
correct answer to protect the health, safety and welfare of
consumers.
to provide efficient processing and examination services to
license applicants.
to provide accurate information and qualified licensees to
the business community. the division of licensing issues
licenses and enforces the real estate law.
what are the duties of the secretary of state? - correct answer
all licensing, examination, education, and compliance
provisions of article 12-a.
the rules of the board.
the rules of the secretary of state
,how is an associate broker different from a broker? - correct
answer an associate broker must meet the same
qualifications as a licensed broker; however, an associate
broker chooses to work under the name and supervision of a
licensed real estate broker.
how do licensees collect their commissions? - correct answer
a broker can collect commissions from the clients. however,
the licensees working for the broker can only receive
commission payments from their sponsoring broker.
how old must a person be who wishes to become licensed in
new york? - correct answer salespersons must be 18 years old;
brokers must be 20 years old.
how many hours of instruction are required to become
licensed in new york? - correct answer salespersons are
required to complete 77 hours of instruction; brokers must
complete 152 hours.
how are exam scores reported, and what percentage is
needed to pass the exam? - correct answer asap after the
exam as either pass or fail; 70%
besides individual and associate broker, name 2 classes of
broker licenses available. - correct answer trade name broker,
corporate broker, partnership broker
what are the experience requirements to become a broker? -
correct answer two full years of experience as a licensed
salesperson and 3,500 points.
,three years of equivalent experience in some other aspect of
real estate and 5,250 points, subject to approval by the
department of state.
which penalty is not imposed by the dos on a real estate
broker for engaging in fraud?
license revocation
fine
imprisonment
reprimand - correct answer imprisonment
an___________ real estate broker is a licensed real estate
broker who chooses to work under the name and supervision
of a licensed real estate broker. - correct answer associate
associate brokers may receive commission payments from
seller
buyer
cooperating broker
sponsoring broker - correct answer sponsoring broker
passed exam results are only valid for a period of ____ years.
- correct answer 2
for what are members of the board compensated?
their time
their expertise
contractual terms
expense reimbursements - correct answer expense
reimbursements
, how much is the fee charged by the dos for an associate
broker license?
$50
$185
$15
no fee is charged - correct answer $185
how many points are given for hotel sales experience?
400
300
250
125 - correct answer 400
from whom can a salesperson receive compensation?
from any broker he or she works for
from a broker or client
from his or her sponsoring broker only
from the broker or another licensee in the same firm - correct
answer from his or her sponsoring broker only
how many points are given for 3 years of certain types of
real estate activities?
1,000
3,500
5,250
7,625 - correct answer 5,250
which of the following is a requirement for becoming a
licensed real estate broker in ny?
be at least 21 years old
no misdemeanor convictions
demonstrate fair knowledge of the english language
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