NYREI SCHOOL EXAM 2024 QUESTIONS AND ANSWERS 100% CORRECT
What is the minimum licensing requirement to sell commercial real estate in New York? - CORRECT ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - CORRECT ANSWER expressed agency An amenity purchaser - CORRECT ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - CORRECT ANSWER real / deed A salesperson who is an independent contractor - CORRECT ANSWER is not subject to withholding requirements. 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? - CORRECT ANSWER property tax lien What is another word for principal? - CORRECT ANSWER Client. The principal in any fiduciary relationship is the client. The tenant signs a two-month lease on an apartment ending September 1. What type of leasehold estate does this represent? - CORRECT ANSWER estate for years
Información del documento
- Subido en
- 18 de junio de 2024
- Número de páginas
- 11
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
