REAL ESTATE SALESPERSON UPDATED
SCRIPT 2026 PRACTICE SOLUTIONS
GRADED A+
● 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 municipal engineer's office do? Answer: Oversees planning
and construction of major highways, sweet systems and water
connections
● If a property ad states that the property is near the vicinity of a
geographical area, what else mud the ad include? Answer: It must
include the name of the geographical area where the property is actually
located
, ● Who is usually exempt from property taxes? Answer: Disabled,
veterans, farmers, elderly gold star parents *kids die in the war, star
program homeowners
● Who is not usually exempt from property taxes? Answer: Second
home owners
● What covers fully or personal property lost in a fire? Answer:
Replacement cost
● Find the square footage of a rectangular shaped floor plan. How do
you find the area of a square/rectangle? Answer: Length x Width = Area
● What is the cash on cash return on a $2,000,000 property with a down
payment of $500,000 and $15,000 monthly rental income? Answer: 36%
● Who hires the agent? Answer: Principal or client
● What is not a CMA (Comparative Market Analysis?) Answer: An
apprasial
● What cannot a salesperson do? Answer: Collect money directly from
the client or customer
SCRIPT 2026 PRACTICE SOLUTIONS
GRADED A+
● 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 municipal engineer's office do? Answer: Oversees planning
and construction of major highways, sweet systems and water
connections
● If a property ad states that the property is near the vicinity of a
geographical area, what else mud the ad include? Answer: It must
include the name of the geographical area where the property is actually
located
, ● Who is usually exempt from property taxes? Answer: Disabled,
veterans, farmers, elderly gold star parents *kids die in the war, star
program homeowners
● Who is not usually exempt from property taxes? Answer: Second
home owners
● What covers fully or personal property lost in a fire? Answer:
Replacement cost
● Find the square footage of a rectangular shaped floor plan. How do
you find the area of a square/rectangle? Answer: Length x Width = Area
● What is the cash on cash return on a $2,000,000 property with a down
payment of $500,000 and $15,000 monthly rental income? Answer: 36%
● Who hires the agent? Answer: Principal or client
● What is not a CMA (Comparative Market Analysis?) Answer: An
apprasial
● What cannot a salesperson do? Answer: Collect money directly from
the client or customer
