Nyrei test questions Study guides, Class notes & Summaries

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

NYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% CorrectNYREI Test Questions and Answers 100% Correct Chapter 1 - ANSWER-According to IRS, salespersons are independent contractors (earnings for 1099) Statutory Non-employees Keep records for 3 years Salesperson - 18 +, Broker - 20+ Receive commissions from supervising...

NYREI Test Questions with Complete Solutions In his first week on the job, property manager Tim checks the insurance coverage for the building he manages and indicates potential needs for more coverage. This is an example of Tim's obligation to - Answer-a. risk management. What is it called when a lender evaluates a prospective buyer and documents, in writing, that he is willing to loan this buyer up to a certain amount of money? - Answer-b. pre-approval When someone dies without a wi...

NYREI Test Questions with Correct Answers tester - Answer-the only and fair way to police the real estate industry is through ... civil rights act of 1866 - Answer-was the first major effort of the federal government to guarantee equal housing to all US citizens fair housing act - Answer-provided that it is unlawful to discriminate on the basis of race, color, religion, or national origin when selling or leasing residential property familial status - Answer-means a parent or guardian ...

NYREI Test Questions with Complete Solutions In his first week on the job, property manager Tim checks the insurance coverage for the building he manages and indicates potential needs for more coverage. This is an example of Tim's obligation to - Answer-a. risk management. What is it called when a lender evaluates a prospective buyer and documents, in writing, that he is willing to loan this buyer up to a certain amount of money? - Answer-b. pre-approval When someone dies without a wi...

NYREI Test Questions with Complete Solutions In his first week on the job, property manager Tim checks the insurance coverage for the building he manages and indicates potential needs for more coverage. This is an example of Tim's obligation to - Answer-a. risk management. What is it called when a lender evaluates a prospective buyer and documents, in writing, that he is willing to loan this buyer up to a certain amount of money? - Answer-b. pre-approval When someone dies without a wil...

NYREI Test Questions with Correct Answers tester - Answer-the only and fair way to police the real estate industry is through ... civil rights act of 1866 - Answer-was the first major effort of the federal government to guarantee equal housing to all US citizens fair housing act - Answer-provided that it is unlawful to discriminate on the basis of race, color, religion, or national origin when selling or leasing residential property familial status - Answer-means a parent or guardian w...

NYREI Test Questions with Correct Answers tester - Answer-the only and fair way to police the real estate industry is through ... civil rights act of 1866 - Answer-was the first major effort of the federal government to guarantee equal housing to all US citizens fair housing act - Answer-provided that it is unlawful to discriminate on the basis of race, color, religion, or national origin when selling or leasing residential property familial status - Answer-means a parent or guardian wh...

NYREI Test Questions with Complete Solutions In his first week on the job, property manager Tim checks the insurance coverage for the building he manages and indicates potential needs for more coverage. This is an example of Tim's obligation to - Answer-a. risk management. What is it called when a lender evaluates a prospective buyer and documents, in writing, that he is willing to loan this buyer up to a certain amount of money? - Answer-b. pre-approval When someone dies without a wi...