Nyrei exam - Study guides, Class notes & Summaries

NYREI EXAM QUESTIONS WITH ANSWERS LATEST UPDATE 2024/2025 (100% CORRECT ANSWERS) 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 is gathering up his paperwork to...

NYREI Exam Prep Questions with Correct Answers (1) A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - Answer-Periodic tenancy Physical land and everything attached to it is called - Answer-Real Estate Equipment a tenant installs for use in his or her business is called - Answer-Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ...

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - correct answers--Periodic tenancy Physical land and everything attached to it is called - correct answers--Real Estate Equipment a tenant installs for use in his or her business is called - correct answers--Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial com...

NYREI Exam Prep Questions with Correct Answers A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - Answer-Periodic tenancy Physical land and everything attached to it is called - Answer-Real Estate Equipment a tenant installs for use in his or her business is called - Answer-Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethin...

NYREI Exam Questions with Correct Answers easements - Answer--right to use another persons real property for a particular service -ROW -right of way --> an easement that grants access to property easements in gross - Answer--involves a specific parcel of land -benefits a person or company (dominant tenant) -burdened land is called servient Easements appurtenant - Answer-Involves 2 separately deeded parcels that are owned by different parties. Affirmative- allows someone to d...

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Correct) Who is responsible for the administration of licensing? Secretary of State Which article of real property law deals with licensees? Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A dea...

NYREI Exam Questions and Answers Latest Update 2024/2025 (100% Correct) Which article of real property law deals with licensees? Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? Article 14 What does section 443 of Article 12A deal with? disclosure issues Which federal agency is not involved with real es...

NYREI Exam Review (1-10) Questions and Answers

NYREI Exam Review (1-10) with complete solutions