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RealEstateU NY STATE test exam prep 2023/2024 with 100% correct answers

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2023/2024 Written for academic year
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Course RealEstateU
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Department of State responsibility? - correct answer Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines - correct answer Roles and responsibilities of department of state. Typical commission in NY? - correct answer 6% Commissions are ______ and determined by____? - correct answer -Negotiable -both client and broker Blind ad - correct answer An ad that remains anonymous as to who is advertising. Which is illegal What must be included in advertisement? - correct answer 17.25 Article 12-A of NY real property law stats -must indicate broker name and phone # What happen if broker license is suspended or there is revocation? - correct answer Salesperson and associates broker licenses are suspended. What are Fiduciary Duties? - correct answer Obedience Loyalty

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