New York Real Estate Test Questions (Newest
Update) Questions and Detailed
Answers | 100% Verified Correct | Grade A+ |
Already Passed
Terms in this set (680)
Where is the license law written? Article 12-A
Who is responsible for administrative Department of State or Secretary of State
discipline of real estate licensees?
Under NYS Real Property Law, when One year
Department of State revokes a
salesperson's license, how much time
must past before the salesperson
can be relicensed?
, If a broker's licensed is revoked, what Their licenses are suspended until they find another
happens to the salesperson's who broker to supervise them/work under.
work under him/her?
What could happen to somebody Lose their license, fined $1,000, a year in jail.
who breaks Article 12-A?
Is a violation of 12-A a misdemeanor A misdemeanor
or a felony?
What dollar amount of capital gains $250,000
is tax-exempt for a single person?
If a married couple sells their house They only pay if the profit is over $500,000
for a profit of $300,000, on what
amount of capital gains do they pay
tax?
If a married couple bought a house They don't pay any capital gains.
for $50,000 and sold it for $400,000,
what amount do they pay in capital
gains tax?
If a seller fails to deliver a property $500
condition disclosure statement
before the buyer signs the contract
of sale, how much credit does the
buyer receive?
Which properties do not need a Residential new constructions, foreclosures,
property condition disclosure condos and co-ops
statement?
Update) Questions and Detailed
Answers | 100% Verified Correct | Grade A+ |
Already Passed
Terms in this set (680)
Where is the license law written? Article 12-A
Who is responsible for administrative Department of State or Secretary of State
discipline of real estate licensees?
Under NYS Real Property Law, when One year
Department of State revokes a
salesperson's license, how much time
must past before the salesperson
can be relicensed?
, If a broker's licensed is revoked, what Their licenses are suspended until they find another
happens to the salesperson's who broker to supervise them/work under.
work under him/her?
What could happen to somebody Lose their license, fined $1,000, a year in jail.
who breaks Article 12-A?
Is a violation of 12-A a misdemeanor A misdemeanor
or a felony?
What dollar amount of capital gains $250,000
is tax-exempt for a single person?
If a married couple sells their house They only pay if the profit is over $500,000
for a profit of $300,000, on what
amount of capital gains do they pay
tax?
If a married couple bought a house They don't pay any capital gains.
for $50,000 and sold it for $400,000,
what amount do they pay in capital
gains tax?
If a seller fails to deliver a property $500
condition disclosure statement
before the buyer signs the contract
of sale, how much credit does the
buyer receive?
Which properties do not need a Residential new constructions, foreclosures,
property condition disclosure condos and co-ops
statement?
