NYS Real Estate U Final Exam (Versions 1 & 2) 2025: Complete Study Guide, Practice
Questions & Proven Strategies to Pass the New York State Real Estate Final Exam
Prepare for the NYS Real Estate U Final Exam Versions 1 & 2 with this comprehensive 2025 study
guide. Includes practice questions, exam reviews, and proven strategies to help candidates pass
the New York State real estate final exam and move closer to licensure
• NYS Real Estate U Final Exam
• NY Real Estate U final exam versions 1 and 2
• New York State real estate final exam
•
If a property owner builds a fence that partially crosses the neighbor's property line, what has
been created? - ANSWER-Encroachment
The person appointed by a court to distribute the intestate decedent's property is known as
a/an...? - ANSWER-Administrator
Under which section of a deed will the property's address be listed? - ANSWER-Legal description
of the property
Which of the following is a basic insurance policy what will cover the home and its contents in
the event of a fire? - ANSWER-HO-1
In which of the following loan types does the seller become the mortgagee? - ANSWER-
Purchase money mortgage
,Which of the following types of leases will most likely be used when leasing an unoccupied
office building? - ANSWER-Net lease
This occurs when a landlord takes matters into their own hands and removes a tenant from the
property? - ANSWER-Actual eviction
Which of the following construction elements sits on top of the foundation of a wood-framed
house? - ANSWER-Sill plate
If a property owner needs to obtain a variance on their property, which of the following should
they apply to...? - ANSWER-Zoning Board of Appeals
A couple owns a property as a tenancy by the entirety. When one of the spouses passes away,
the other spouse gains full ownership of the property. When the remaining spouse passes away,
the children inherit the property. This is known as what type of interest in real property? -
ANSWER-Life estate
The division of expenses and income between a buyer and seller at closing is known as...? -
ANSWER-Proration
Which of the following interests in real property offer the most complete form of ownership? -
ANSWER-Fee simple absolute estates
Which of the following municipal agencies is responsible for enforcing the Building Code? -
ANSWER-Department of Buildings
Which of the following documents shows the list of owners to a property, from the original
owner to the present owner? - ANSWER-Chain of title
, For tax purposes, commercial properties depreciate over how many years using the straight-line
depreciation method? - ANSWER-39 years
A broker earns a total commission of 5% from the sale of a house. If the broker received
$14,250 in commissions, what was the final sales price of the house? - ANSWER-285,000 Dollars
($)
Which of the following is a budget that forecasts income and expenses as may be reasonably
projected over a short term? - ANSWER-Stabilized budget
The slope of a roof is also referred to as the...? - ANSWER-Pitch
Real estate agents must carry what type of insurance? - ANSWER-Liability insurance
Disclosures about lead-based paint must be provided for the sale of any home built prior to
what year? - ANSWER-1978
What happens to real estate prices when demand is greater than supply? - ANSWER-Prices will
increase
Which of the following individuals is required to file a Schedule C of the federal income tax Form
1040? - ANSWER-A real estate salesperson working under a sponsoring broker
What should an agent do if a prospective buyer refuses to sign the New York State Disclosure
Form for Buyer and Seller at the first substantive contact? - ANSWER-Complete a declaration
form that states the facts of the meeting and keep for their records.
Questions & Proven Strategies to Pass the New York State Real Estate Final Exam
Prepare for the NYS Real Estate U Final Exam Versions 1 & 2 with this comprehensive 2025 study
guide. Includes practice questions, exam reviews, and proven strategies to help candidates pass
the New York State real estate final exam and move closer to licensure
• NYS Real Estate U Final Exam
• NY Real Estate U final exam versions 1 and 2
• New York State real estate final exam
•
If a property owner builds a fence that partially crosses the neighbor's property line, what has
been created? - ANSWER-Encroachment
The person appointed by a court to distribute the intestate decedent's property is known as
a/an...? - ANSWER-Administrator
Under which section of a deed will the property's address be listed? - ANSWER-Legal description
of the property
Which of the following is a basic insurance policy what will cover the home and its contents in
the event of a fire? - ANSWER-HO-1
In which of the following loan types does the seller become the mortgagee? - ANSWER-
Purchase money mortgage
,Which of the following types of leases will most likely be used when leasing an unoccupied
office building? - ANSWER-Net lease
This occurs when a landlord takes matters into their own hands and removes a tenant from the
property? - ANSWER-Actual eviction
Which of the following construction elements sits on top of the foundation of a wood-framed
house? - ANSWER-Sill plate
If a property owner needs to obtain a variance on their property, which of the following should
they apply to...? - ANSWER-Zoning Board of Appeals
A couple owns a property as a tenancy by the entirety. When one of the spouses passes away,
the other spouse gains full ownership of the property. When the remaining spouse passes away,
the children inherit the property. This is known as what type of interest in real property? -
ANSWER-Life estate
The division of expenses and income between a buyer and seller at closing is known as...? -
ANSWER-Proration
Which of the following interests in real property offer the most complete form of ownership? -
ANSWER-Fee simple absolute estates
Which of the following municipal agencies is responsible for enforcing the Building Code? -
ANSWER-Department of Buildings
Which of the following documents shows the list of owners to a property, from the original
owner to the present owner? - ANSWER-Chain of title
, For tax purposes, commercial properties depreciate over how many years using the straight-line
depreciation method? - ANSWER-39 years
A broker earns a total commission of 5% from the sale of a house. If the broker received
$14,250 in commissions, what was the final sales price of the house? - ANSWER-285,000 Dollars
($)
Which of the following is a budget that forecasts income and expenses as may be reasonably
projected over a short term? - ANSWER-Stabilized budget
The slope of a roof is also referred to as the...? - ANSWER-Pitch
Real estate agents must carry what type of insurance? - ANSWER-Liability insurance
Disclosures about lead-based paint must be provided for the sale of any home built prior to
what year? - ANSWER-1978
What happens to real estate prices when demand is greater than supply? - ANSWER-Prices will
increase
Which of the following individuals is required to file a Schedule C of the federal income tax Form
1040? - ANSWER-A real estate salesperson working under a sponsoring broker
What should an agent do if a prospective buyer refuses to sign the New York State Disclosure
Form for Buyer and Seller at the first substantive contact? - ANSWER-Complete a declaration
form that states the facts of the meeting and keep for their records.
