Real Estate NYREI(question with complete solution)graded A+ 2023

Real Estate NYREI(question with complete solution)graded A+ 2023Section 3508 (a)(b) of IRS Code - correct answer real estate licensees are independent contractors article 12-A - correct answer NY Salesperson & broker license law real property law that governs agents and brokers Section 443 of NY Real Property Law - correct answer Agency disclosure listing contracts owned by - correct answer BROKER Joint tenancy unities - correct answer time, title, interest, possession (PITT) adverse possession must be open and notorious for how many yearsa - correct answer 10 periodic lease - correct answer Automatically renews itself for another period at the end of each period unless one party gives notice to the other at the prescribed time Propreitary Lease - correct answer for cooperative unit owners; indefinite term; assigned to new unit owner on sale: with shares of stock as evidence of their ownership share additions to contracts - correct answer contingency, addenda, riders addition to a will - correct answer codicil survey - correct answer boundaries & physical dimensions of property