NYREI UPDATED EXAMS 2026 GUIDE
QUESTIONS AND ANSWERS SURE A+
✔✔ block and lot - ✔✔Which type of legal description uses a survey map of a
subdivision?
✔✔exclusive right to sell - ✔✔Which type of listing agreement provides the greatest
opportunity for a listing broker to earn a commission
✔✔age - ✔✔Which protected class is NOT covered by New York State law but may be
covered by a specific municipality?
✔✔42,000 - ✔✔Wilma sells her house for $600,000 two months after her husband
passed away. They had purchased the house in 1952 for $58,000. Assuming they met
the requirement for filing jointly, on what amount will Wilma have to pay income tax?
✔✔Asbestos can contaminate the house if removed improperly since airborne particles
are dangerous. - ✔✔A buyer is considering a house with asbestos insulation coating the
water pipes. What should the buyer be most concerned about?
✔✔agent - ✔✔What is another word for principal?
✔✔Wilma sells her house for $600,000 two months after her husband passed away.
They had purchased the house in 1952 for $58,000. Assuming they met the
requirement for filing jointly, on what amount will Wilma have to pay income tax? -
✔✔$42,000
✔✔A buyer is considering a house with asbestos insulation coating the water pipes.
What should the buyer be most concerned about? - ✔✔Asbestos can contaminate the
house if removed improperly since airborne particles are dangerous.
✔✔A homeowner facing foreclosure has a number of liens: The original mortgage, a
mechanic's lien from six months ago, a judgment lien from two years ago, and a
, property tax lien that was just filed. When the property is sold, which lien will be paid
first from the proceeds? - ✔✔mortgage
✔✔18 years old and no experience necessary - ✔✔What are the age and experience
requirements to apply for a salesperson license?
✔✔20.9% - ✔✔A building has 28,000 rentable square feet, 22,160 square feet of which
are considered useable. What is this building's loss factor?
✔✔$532,000 - ✔✔After examining a property, an appraiser made the following notes:
Replacement cost= $465,000; Depreciation= $18,000; Site Value= $85,000. Determine
the final estimate of value using the cost approach.
✔✔An agent owes all of these duties to a customer EXCEPT - ✔✔loyalty
✔✔free up liquid assets to invest in other product or resources. - ✔✔An advantage for
businesses to do a sale-and-leaseback is to
✔✔Tony owns the barbershop he built 25 years ago on the same street as his family
home. The area was zoned residential 10 years ago. Why is the barbershop allowed to
remain open? - ✔✔It is a nonconforming use.
✔✔Which federal environmental law, known as the Superfund, creates requirements for
closed and abandoned waste sites? - ✔✔Comprehensive Environmental Response,
Compensation, and Liability Act
✔✔When someone dies without a will and without heirs or creditors, his properly reverts
to the state through the process of - ✔✔escheat.
✔✔Which type of deed would most likely be used to remove a cloud on a title? -
✔✔quitclaim deed
✔✔An example of chattel is - ✔✔chandelier attached to a ceiling.
✔✔The theoretical price real estate should bring in a typical transaction is known as the
- ✔✔market value.
✔✔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 - ✔✔risk management.
✔✔Sally is interested in renting the other half of an owner-occupied duplex. She calls
the listing broker about it who tells her that the owner, his client, does not allow children.
QUESTIONS AND ANSWERS SURE A+
✔✔ block and lot - ✔✔Which type of legal description uses a survey map of a
subdivision?
✔✔exclusive right to sell - ✔✔Which type of listing agreement provides the greatest
opportunity for a listing broker to earn a commission
✔✔age - ✔✔Which protected class is NOT covered by New York State law but may be
covered by a specific municipality?
✔✔42,000 - ✔✔Wilma sells her house for $600,000 two months after her husband
passed away. They had purchased the house in 1952 for $58,000. Assuming they met
the requirement for filing jointly, on what amount will Wilma have to pay income tax?
✔✔Asbestos can contaminate the house if removed improperly since airborne particles
are dangerous. - ✔✔A buyer is considering a house with asbestos insulation coating the
water pipes. What should the buyer be most concerned about?
✔✔agent - ✔✔What is another word for principal?
✔✔Wilma sells her house for $600,000 two months after her husband passed away.
They had purchased the house in 1952 for $58,000. Assuming they met the
requirement for filing jointly, on what amount will Wilma have to pay income tax? -
✔✔$42,000
✔✔A buyer is considering a house with asbestos insulation coating the water pipes.
What should the buyer be most concerned about? - ✔✔Asbestos can contaminate the
house if removed improperly since airborne particles are dangerous.
✔✔A homeowner facing foreclosure has a number of liens: The original mortgage, a
mechanic's lien from six months ago, a judgment lien from two years ago, and a
, property tax lien that was just filed. When the property is sold, which lien will be paid
first from the proceeds? - ✔✔mortgage
✔✔18 years old and no experience necessary - ✔✔What are the age and experience
requirements to apply for a salesperson license?
✔✔20.9% - ✔✔A building has 28,000 rentable square feet, 22,160 square feet of which
are considered useable. What is this building's loss factor?
✔✔$532,000 - ✔✔After examining a property, an appraiser made the following notes:
Replacement cost= $465,000; Depreciation= $18,000; Site Value= $85,000. Determine
the final estimate of value using the cost approach.
✔✔An agent owes all of these duties to a customer EXCEPT - ✔✔loyalty
✔✔free up liquid assets to invest in other product or resources. - ✔✔An advantage for
businesses to do a sale-and-leaseback is to
✔✔Tony owns the barbershop he built 25 years ago on the same street as his family
home. The area was zoned residential 10 years ago. Why is the barbershop allowed to
remain open? - ✔✔It is a nonconforming use.
✔✔Which federal environmental law, known as the Superfund, creates requirements for
closed and abandoned waste sites? - ✔✔Comprehensive Environmental Response,
Compensation, and Liability Act
✔✔When someone dies without a will and without heirs or creditors, his properly reverts
to the state through the process of - ✔✔escheat.
✔✔Which type of deed would most likely be used to remove a cloud on a title? -
✔✔quitclaim deed
✔✔An example of chattel is - ✔✔chandelier attached to a ceiling.
✔✔The theoretical price real estate should bring in a typical transaction is known as the
- ✔✔market value.
✔✔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 - ✔✔risk management.
✔✔Sally is interested in renting the other half of an owner-occupied duplex. She calls
the listing broker about it who tells her that the owner, his client, does not allow children.
