NYREI Exam Prep question and answers rated A+ 2023 passed

NYREI Exam Prep question and answers rated A+ 2023 passedA leasehold estate that continues for a successive period of equal length until terminated by proper notice from either party is a - correct answer Periodic tenancy Physical land and everything attached to it is called - correct answer Real Estate Equipment a tenant installs for use in his or her business is called - correct answer Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighborhood Is changing, with the implication that property values will decline is called - correct answer Blockbusting Loans that follow the criteria set by secondary markets are called - correct answer Conforming loans A "Rule" that says an informed buyer will not pay more for one home than a comparable one is - correct answer Substitution Funds offered as an indication of good faith regarding a future performance of a purchase agreement is called - correct answer Earnest money Possession of property by a holdover tenant is - correct answer Tenancy at sufferance An agent authorized to do everything that can be lawfully delegated to be a representative is a - correct answer Universal agent The relationship between the cost of borrowing money and the total amount financed is - correct answer APR