Nys board of real estate - Study guides, Class notes & Summaries

what is the purpose of license laws? - Answer assist real estate consumers with their largest single investment, protect public by ensuring consistent level of competence ethics and professionalism foundation for the New York license law? - Answer Article 12A, Real Property Law, Licensing of Real Estate Brokers, Real Estate Salesperson of NY Administrative Code what 2 branches are within the New York Department of State? - Answer 1. Secretary of State 2. NYS Board of Real Estate...

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

New York State Real Estate Salesperson Licensing Exam In NYS, how old must one be to enter into contracts? - Answer ️️ -18 What other capability should they possess? - Answer ️️ -Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer ️️ -The contract is voidable by the minor What does the zoning board of appeals do? - Answer ️️ -Grants variances What regulates construction standards in NYS? - Answer ️️ -Building codes Wh...

New York State Real Estate Salesperson Licensing Exam with Correct Answers In NYS, how old must one be to enter into contracts? - Answer -18 What other capability should they possess? - Answer -Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer -The contract is voidable by the minor What does the zoning board of appeals do? - Answer -Grants variances What regulates construction standards in NYS? - Answer -Building codes What does munic...

Delivery and Acceptance - answer -Legal policy mandates that a deed to real property be a matter of public record; therefore, subsequent to delivery and acceptance, a deed must be property recorded. Chain of Title - answer -The sequence of historical transfers of title to a property. It runs from the present owner back to the original owner of the property. Title - answer -Legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or equitable...

who must sign the mortgage broker dual agency disclosure form? - Answer the borrower and the seller how many members of the NYS board of real estate must be real brokers? - Answer 5 which of the following does not appoint members to the board? - Answer secretary of state a _____ broker conducts business as a sole proprietorship, doing businesses under a name other than his or her own personal name - Answer trade name examinees may or may not bring large bags or briefcases into the te...

NYC Real estate Exam Questions with Math Paper Questions and Answers (Verified Answers) BEST FOR 2024 EXAM It is essential that every deed be signed by the: a) Devisee b) grantee c) grantor & grantee d) Grantor Jim's mechanic's lien will remain against the property for at least: a) 1 year 2) 8 Months c) 10 years d) 4 months A specific tract of land is known as a: a) devise b) chattel c) parcel d) littoral If you are a salesperson working with a buyer, then the buyer is your ...

Financial chaos began in the US during the 1929 stock market crash after the great depression In the 1950s-70s double continued with -Works related areas -Property taxation -Federal housing programs 1990s trouble was because of... Mortgage scams and illegal house flipping. 1980s trouble was because of... the Savings and Loans Crisis 1990s to 2000s trouble was from... identity theft and appraisal report tampering. Prior to 1930s, appeasing properties coul...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials 18 years old n NYS, how old must one be to enter into contracts What other capability should they possess? Mental and emotional capability What happens if one of the parties to the contract is a minor? The contract is voidable by the minor What does the zoning board of appeals do? - Grants variances What regulates construction standards in NYS? - Building codes What does municipal engineer's office do? Oversees ...

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