NYREI Correct Questions And Answers(GRADED A)

block and lot - ANSWER Which type of legal description uses a survey map of a subdivision? exclusive right to sell - ANSWER Which type of listing agreement provides the greatest opportunity for a listing broker to earn a commission age - ANSWER Which protected class is NOT covered by New York State law but may be covered by a specific municipality? 42,000 - ANSWER 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. - ANSWER A buyer is considering a house with asbestos insulation coating the water pipes. What should the buyer be most concerned about? agent - ANSWER 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? - ANSWER $42,000 A buyer is considering a house with asbestos insulation coating the water pipes. What should the buyer be most concerned about? - ANSWER 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? - ANSWER mortgage 18 years old and no experience necessary - ANSWER What are the age and experience requirements to apply for a salesperson license? 20.9% - ANSWER A building has 28,000 rentable square feet, 22,160 square feet of which are considered useable. What is this building's loss factor?