Real Estate U Final Exam 2023/2024 with 100% correct answers
Article 12 A - correct answer NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - correct answer Broker that holds salesperson license Summary of Submission - correct answer Paper you get after registering for NYS test. Bring to tes with you Misedemanor - correct answer Crime with no more than 1 year prison or $1,000 fine Listing Agreement - correct answer Agreement between salesperson and property owner, allowing salesperson to provide services to the owner involving their porperty Pocket Card - correct answer Has salesperson photo, name, and business address of broker. Carry at all times Fiduciary - correct answer Person responsible for other people's property and/or funds OLD CAR - correct answer Obedience, Loyalty, Diclosure, Confidentiality, Accountability, and Reasonable Care Disclosure Regarding Real Estate Agency Relationship Form - correct answer First form given to clien that establishes the business relationship and understandings Exclsive Agency - correct answer When client agees that only one broker is going to sell a property. Even if someone else sells, the exclusive agent is entitled to commisions.
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- Uploaded on
- December 11, 2023
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- 2023/2024
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- Exam (elaborations)
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