Nyrei exam stuvia 2023 - Study guides, Class notes & Summaries

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 Article 12A deal with? - ANSWER disclosure issue...

NYREI School Exam 2023-2024 Questions and Answers (Graded A)NYREI School Exam 2023-2024 Questions and Answers (Graded A)NYREI School Exam 2023-2024 Questions and Answers (Graded A)NYREI School Exam 2023-2024 Questions and Answers (Graded A)NYREI School Exam 2023-2024 Questions and Answers (Graded A) What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER-a real estate salesperson's license What is the preferred method of creating an agency relationship...

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 generally exclude -ANSWER water damage. John ...

What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent contractor - ANSWER is not subject to withholding requirements....