NY REAL ESTATE MIDTERM EXAM SOLVED CORRECTLY 2024.

associate real estate broker - Answer a licensed real estate broker who may perform the acts of a broker but chooses to work under the name and supervision and license of a licensed broker real estate broker - Answer any oersons partnership association or corporation who, for another and for compensation of any kind negotiates any form of real eatate transaction. The New York Department of State Division of Licensing Services - Answer oversees licensure real estate salesperson - Answer anyone who performs as a real estate broker for compensation of any kind, but does so only while associated, licensed with, and supervised by a licensed broker who is the salespersons sponsor sponser - Answer a salesperson or an associate cannot work independently eAccess NY - Answer NYS Department of states password protected occupational licensing management system Misdemeanor - Answer less serious crime under law than felony terminations of association - Answer DOS requires termination of salesperson by the principle broker before it permits a change of association by a new brokerage firm Reciprocity - Answer nonresident licensees who want NY licensure and who live in the states that do not require NY salespersons and brokers to have an office in their state or pass their exam do not have to do so in NY home inspector - Answer observes and provides a written report of the systems and components of a residential building for compensation.