Nyrei correct stuvia - Study guides, Class notes & Summaries

What agency issues real estate licenses? - ANSWER Department of State or Division of licensing Services At what age can you become a real estate salesperson? - ANSWER 18 Do you need experience in the field to become a salesperson? - ANSWER No What is the minimum age to become a real estate broker? - ANSWER 20 Do you need experience in the field to become a real estate broker? - ANSWER Yes, 2 years experience and 3500 points If your license is revoked, for how long do you have to w...

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....

block and lot - ANSWER Which type of legal description uses a survey map of a subdivision? exclusive right to sell - ANSWER Which type of listing agreement provides the greatest opportunity for a listing broker to earn a commission age - ANSWER Which protected class is NOT covered by New York State law but may be covered by a specific municipality? 42,000 - ANSWER Wilma sells her house for $600,000 two months after her husband passed away. They had purchased the house in 1952 for $58,00...