Nys real property law - Study guides, Class notes & Summaries

Where is license law written? - correct answer Article 12A of NY State Real Property Law Who is responsible for administrative discipline of real estate licensees? - correct answer Department of State (DOS) or Secretary of State Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the salesperson can't be relicensed until how much time has expired? - correct answer 1 year If a broker's license is revoked, what happens to the salespersons who work for h...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...

Article 12 A : NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor : Broker that holds salesperson license Summary of Submission : Paper you get after registering for NYS test. Bring to tes with you Misedemanor : Crime with no more than 1 year prison or $1,000 fine Listing Agreement : Agreement between salesperson and property owner, allowing salesperson to provide services to the owner involving their porperty 2 | ...

NYS Notary Test Multiple Choice Questions With 100% Correct Answers 2023 Who Commissions notaries public? A. State Comptroller B. County Clerks C. Attorney General D. Secretary of State - Correct answer-D. Secretary of State The application fee for a notary public commission is? A. $40 B. $60 C. $80 D $90 - Correct answer-B. $60 An application for a notary public commission must be submitted to? A. County Clerk B. Local civil court C. Division of Licensing Services D. None of th...

Article 12-A of the NYS Real Property Law - ANSWER The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - ANSWER A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - ANSWER Obtained after your register for the New York State Salesp...

The Department of State - Answer - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law - Answer Outlines the roles/duties of the Department of State Commissions - Answer - Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. - A typical commission in New York is 6%. - Com...

NYS Real Estate Exam 2024 Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. - Answer ️️ -Insurance Premiums What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent - Answer ️️ -special agent what...

The Department of State - correct answer - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law - correct answer Outlines the roles/duties of the Department of State Commissions - correct answer - Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. - A typical commissio...

- The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age - correct answer Article 12-A of the NYS Real Property Law - A licensed real estate broker that holds the license of a salesperson. - correct answer Sponsor - Obtained after you register for the New York State Salesperson exam usin...

New York Real Estate Salesperson Exam Questions and Answers Article 12A: NYS Real Property Law - Answer ️️ -"Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption - Answer ️️ --profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property ...