Nyrei exam 3 - Study guides, Class notes & Summaries

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Correct) Which article of real property law deals with licensees? Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A deal with? disclosure issues Which federal agency is not involved with real es...

NYREI School Exam Questions and Correct Answers A vertical piece used to frame a structure is called a: - Answer-stud What are horizontal parallel framing boards used to support floor loads? - Answer-joist With regard to residential insulation, what does R- value refer to? - Answer-resistant to heat transfer What is the standard ventilation rate? - Answer-15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - Answer-Forced warm air syste...

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Verified) Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A deal with? disclosure issues Which federal agency is not involved with real estate? SEC Oksana was a broker in Russia, with a very poor understand...

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 states that there must be a written contract between the broker and the sales associate, also reviewed every 12-15 months · All records must be kept for 3 years · If sales associate not deemed in...

NYREI Test Exam With 100% Correct Answers 2023 Chapter 1 - Correct Answer-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 schedule them or require meetings - only regular supervision Chapter 2, 3, 4 - Correct Answer-Principal/ Client - hires agent While customer can see multiple brokers, clients can...

NYREI Exam Review (1-10) Questions and Answers 100% CorrectNYREI Exam Review (1-10) Questions and Answers 100% CorrectNYREI Exam Review (1-10) Questions and Answers 100% CorrectNYREI Exam Review (1-10) Questions and Answers 100% CorrectAccording to IRS code, licensed re agents are: - ANSWER-statutory non-employees who are treated as independent contractors for tax purposes Each licensed broker shall keep and maintain records for: - ANSWER-3 years Brokers can provide ______, but salesperson...

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Correct) Who is responsible for the administration of licensing? Secretary of State Which article of real property law deals with licensees? Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A dea...

NYREI Exam Questions with Complete Solutions Who is responsible for the administration of licensing? - Answer-Secretary of State Which article of real property law deals with licensees? - Answer-Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - Answer-Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - Answer-Article 14 What does section 443 of...