Nyrei actual exam - Study guides, Class notes & Summaries

NYREI practice exam questions and answers already passed For the income approach to appraisal, value is a reference to what? the worth of the investment Which method of property description is most frequently used in New York State? Metes and bounds One important characteristic of investing caused Bill to invest in certificates of deposit rather than real estate. Bill was concerned with liquidity. Who sets the legal description? surveyor Dwelling policies generally exclude water damage. Joh...

NYREI Quiz Questions with Correct Answers Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ any commission. What type of listing did Greg have with PDQ? - Answer-Exclusive agency Which statement indicates that the listing agreement is an exclusive right to sell? (the commission expected on the sale price, a noti...

NYREI Practice Exam Questions and Answers For the income approach to appraisal, value is a reference to what? - Answer-the worth of the investment Which method of property description is most frequently used in New York State? - Answer-Metes and bounds One important characteristic of investing caused Bill to invest in certificates of deposit rather than real estate. Bill was concerned with - Answer-liquidity. Who sets the legal description? - Answer-surveyor Dwelling policies gene...

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 ...

NYREI EXAM QUESTIONS AND ALL QUESTIONS AND ANSWERS Greg lists his home with PDQ Realty allowing them to put a sign in the yard, list it in MLS, and advertise it in the local newspaper. During the listing period, Greg sells the home to his brother and is not obligated to pay PDQ any commission. What type of listing did Greg have with PDQ? - ANSWER- Exclusive agency Which statement indicates that the listing agreement is an exclusive right to sell? (the commission expected on the sale price,...

NYREI FINAL EXAM REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE tester - ANSWER- the only and fair way to police the real estate industry is through ... civil rights act of 1866 - ANSWER- was the first major effort of the federal government to guarantee equal housing to all US citizens fair housing act - ANSWER- provided that it is unlawful to discriminate on the basis of race, color, religion, or national origin when selling or leasing residential property famili...