ny real estate exam questions and answers-graded a

ny real estate exam questions and answers-graded a "real estate broker" - Answer ️️ -any person, firm, limited liability company or corporation, who, for another and for a fee, commission or other valuable consideration, lists for sale, sells, at auction or otherwise, exchanges, buys or rents, or offers or attempts to negotiate a sale, at auction or otherwise, exchange, purchase or rental of an estate or interest in real estate, or collects or offers or attempts to collect rent for the use of real estate, or negotiates or offers or attempts to negotiate, a loan secured or to be secured by a mortgage, other than a residential mortgage loan; "real estate broker" shall also include any person, partnership, association or corporation employed by or on behalf of the owner or owners of lots or other parcels of real estate, at a stated salary, or upon a commission, or upon a salary and commission "Associate real estate broker" - Answer ️️ -means a licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, limited liability company or corporation "Real estate salesperson" - Answer ️️ -means a person associated with a licensed real estate broker to list for sale, sell or offer for sale, at auction or otherwise, to buy or offer to buy or to negotiate the purchase or sale or exchange of real estate, or to negotiate a loan on real estate other than a mortgage loan, or to lease or rent or offer to lease, rent or place for rent any real estate, or collects or offers or attempts to collect rent for the use of real estate for or in behalf of such real estate broker "Tenant relocator" - Answer ️️ -means any person, firm, corporation, partnership, limited liability company or any legal entity whatsoever, which, for another and for a fee, commission or other valuable consideration, supervises, organizes, arranges, coordinates, handles or is otherwise in charge of or responsible for the relocation of commercial or residential tenants from buildings or structures that are to be demolished, rehabilitated, remodeled, or otherwise structurally altered. License required for real estate brokers and salespersons - Answer ️️ -broker- 20 years of age or over, a citizen of the United States or an alien lawfully admitted for permanent residence in the United States. salesperson - age of 18 years. No person shall be entitled to a license as a real estate broker or real estate salesperson under this article who has been convicted in this state or elsewhere of a felony, of a sex offense listing agreement/ listing contract - Answer ️️ -The contract stipulates a number of terms and agreements between the broker and the sellers, including the price for which the property will be offered and the length of the listing period. seller vs buyer loyalty - Answer ️️ -When the licensee works for the seller, he or she must remember to impart all important information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented. When the licensee has a buyer brokerage agreement with a purchaser, he or she must represent the best interests of the buyer rather than the seller. NEW YORK DEPARTMENT OF STATE - Answer ️️ -The DOS is responsible for the licensure, registration and/or regulation of a number of occupations, including real estate brokers and salespersons, apartment information vendors, apartment sharing agents, real estate appraisers and home inspectors. The mission of the DOS is threefold: To protect the health, safety and welfare of con