Real Estate U Final Exam

$19.49

Preview 4 out of 72 pages

Exam (elaborations)

Real Estate U Final Exam

0.0

(0 reviews)

- sold

72 pages

2024/2025

Institution

Module

Preview 4 out of 72 pages

Real Estate U Final Exam

Content preview

Real Estate U Final Exam
k k k k k

ThekDepartmentkofkState'skabilityktokenforceklicenseklawskthroughkreprimandkandkdenialkaskwellkasktheksus
pensionkandkrevocationkofklicenseskiskknownkas...?kcorrectkanswerAdministrativekDiscipline

Tokminglekorkmixkfundskiskknownkaskwhat...?kcorrectkanswerCommingling

Chriskiskakrealkestatekbrokerkinvolvedkinkakresidentialktransaction.kWhenkChriskillegallykplaceskhiskclient'skfu
ndskintokhiskpersonalkaccount,kwhatkiskhekengagedkin...?kcorrectkanswerComminglingkofkFunds

Thekpost-
licensekeducationkrequiredkbyksalespersonskandkbrokerskiskknownkaskwhat...?kcorrectkanswerContinuingkE
ducation

Conditionskunderkwhichkakpropertykconditionkdisclosurekstatementkisknotkrequiredkiskknownkaska/an...?kco
rrectkanswerExemption

WhichkofkthekfollowingkarekNOTkassessedkbykakhomekinspector...?kcorrectkanswerAirkRights

AkcardkissuedkbykthekDepartmentkofkStatektokeachklicenseekiskknownkaska...?kcorrectkanswerPocketkCard

Anykpersonkwho,kforkakfee,karranges,kconducts,kcoordinates,khandleskorkcauseskmeetingskbetweenkakcusto
merkandkthekcurrentkownerkorkoccupantkofklegallykoccupiedkrealkproperty,kincludingkapartmentkhousing,kw
hokwishesktoksharekthatkhousingkwithkonekorkmorekindividualskiskknownkaska/an...?kcorrectkanswerApartm
entkSharingkAgent

Aklicensedkrealkestatekbrokerkthatkholdsktheklicensekofkaksalespersonkiskknownkaskwhat...?kcorrectkanswerS
ponsor

Thekdiscontinuancekofkankagent'skrelationshipkwithkhis/herksponsoringkbrokerkiskknownkaskwhat...?kcorrect
kanswerTermination

,Akwrittenkdocumentkthatkterminateskthekrelationshipkbetweenkankagentkandkhis/herksponsoringkbrokerkisk
knownkaskwhat...?kcorrectkanswerTerminationkofkAssociationkNotice

Ankact,kdeedkorkconditionskcontraryktoklawkorkpermissiblekusekofkrealkpropertykiskknownkaska...?kcorrectkans
werViolation

Thisklawkgovernskthekpracticekofkrealkestateksalespersonskandkbrokers...?kcorrectkanswerArticlek12-
AkofkthekNYSkRealkPropertykLaw

Whokiskakrealkestateksalespersonkrequiredktokworkkunder...?kcorrectkanswerAklicensedkrealkestatekbroker

Whichkofkthekfollowingkindividualskworkskunderkakrealkestatekbroker...?kcorrectkanswerRealkEstatekSalespe
rson

Whichkofkthekfollowingkprofessionalskworkskunderkand/orkforkakrealkestatekbroker...?kcorrectkanswerAssoci
atekBroker

AccordingktokArticlek12-
AkofkthekNYSkRealkPropertykLaw,kwhichkofkthekfollowingkiskakgeneralkrequirementkforkobtainingkakrealkestat
eksalespersonsklicense...?kcorrectkanswerMustkhavekatkleastkakworkkpermit

Jameskwantsktokbecomekakrealkestateksalesperson.kWhichkofkthekfollowingkrequirementskmustkJamesksatisf
ykinkorderktokobtainkhisklicense...?kcorrectkanswerMustkhavekatkleastkakworkkpermit

Markkiskakrealkestateksalespersonkbutkwantsktokobtainkhiskrealkestatekbroker'sklicense.kWhichkofkthekfollowi
ngkrequirementskmustkMarkksatisfykinkorderktokobtainkhiskbroker'sklicense...?kcorrectkanswerHekmustkbekat
kleastk20kyearskofkage

Whatkmustkaklicensedkrealkestateksalespersonkkeepkonkhimkorkherselfkatkallktimeskwhenkpracticingkaskankag
ent...?kcorrectkanswerAkPocketkCard

,WhenkiskakrealkestateksalespersonkrequiredktokgiveknoticektokthekDepartmentkofkState....?kcorrectkanswer
Whenkaksalespersonkchangesksponsors

Aklicensedkrealkestatekbrokerkwhokbykchoicekelectsktokworkkunderktheknamekandksupervisionkofkanotherkre
alkestatekbrokerkiskknownkaska/an...?kcorrectkanswerAssociatekRealkEstatekBroker

Whichkprofessionalkiskexemptkfromkobtainingkakrealkestateksalespersonskorkbrokersklicensektokpracticekreal
kestate...?kcorrectkanswerRealkEstatekAttorney

Whichkofkthekfollowingkindividualskarekexemptkfromkhavingktokobtainkakrealkestateksalespersonskorkbroker'
sklicensektokpracticekrealkestate...?kcorrectkanswerCourtkorderedkofficials

WhichkofkthekfollowingkiskNOTkexemptkfromkhavingktokobtainkakrealkestateksalespersonskorkbrokerklicensekt
okpracticekrealkestate...?kcorrectkanswerArchitects

WhichkofkthekfollowingkarekyoukNOTkentitledktokwithoutkakrealkestateklicense...?kcorrectkanswerAkcommissi
on

Ankadkthatkremainskanonymouskasktokwhokiskadvertisingkiskknownkaska...?kcorrectkanswerBlindkAd

WhichkofkthekfollowingkmaykNOTkleadktokaksalespersonklosingkhis/herklicense...?kcorrectkanswerOperatingk
askakdualkagent

WhichkofkthekfollowingkmaykNOTkleadktokaksalespersonklosingkhis/herklicense...?kcorrectkanswerNotkearnin
gkakcommissionkinktheirkfirstkyearkaskaksalesperson

Whatkiskoftenkthekfirstkstepkinkthekprocesskofkaksalespersonklosingkhis/herklicense...?kcorrectkanswerAkcom
plaintkiskfiledkwithkthekDepartmentkofkState

Akwrittenkexplanation,ktokbeksignedkbykakprospectivekbuyerkorksellerkofkrealkestate,kexplainingktokthekclientk
thekrolekthatkthekbrokerkplayskinkthektransactionkiskdescribedkonkthe...?kcorrectkanswerAgencykDisclosurekF
orm

, Thekreleasekofkrelevantkinformationkaboutkakpropertykthatkmaykinfluencekthekfinalksale,kespeciallykifkitkrepr
esentskdefectskorkproblemskiskknownkas...?kcorrectkanswerDisclosure

Askakspecialkagentkinkaktransaction,kakrealkestateksalespersonkcannotkdokwhichkofkthekfollowingkonkbehalfko
fkthekowner...?kcorrectkanswerNegotiatekthektermskofkthekcontract

Inkadditionktokthekprincipal,kthekagentkalsokoweskfiduciarykdutiesktokwhichkofkthekfollowing...?kcorrectkans
werThekCustomer

Whichkofkthekfollowingkmaykbekconsideredkak3rdkpartyktokaktransaction...?kcorrectkanswerCustomer

Ifkakprincipalkorkagentkprovideskakcustomerkwithkakmaterialkfact,kwhichkofkthekfollowingkmustkapply...?kcorr
ectkanswerThekfactkmustkbektruekandkaccurate

Althoughkankagentkorkprincipalkisknotkobligatedktokdisclosekallkinformationkinkaktransaction,kitkiskrecommen
dedkthatkwhatkinformationkbekrevealed,kinkorderktokhelpkthekcustomerkmakekankinformedkdecision...?kcorr
ectkanswerMaterialkinformation

Whosekjobkiskitktokactkaskakmiddlemankinkaktransaction...?kcorrectkanswerBroker

Thekbroker,kaskakfranchiseekofkaknationalkbrokerage,kiskconsideredkwhatktoktheknationalkbrokerage...?kcorr
ectkanswerSub-agent

Inkaktypicalkagencykstructure,kakrealkestateksalespersonkiskaksub-agentktokwhom...?kcorrectkanswerBroker

Philipkiskakrealkestateksalespersonkwhokrepresentskaksellerkinkaktransaction.kHowever,kPhilipkviolatedksevera
lkofkhiskfiduciarykdutiesktokthekclient.kAccordingktokthekconceptkofkvicariouskliability,kwhokcankbekheldkliablek
forkPhilip'skactions...?kcorrectkanswerThekbroker

AccordingktokSectionk442-
CkofkthekNYSkRealkPropertykLaw,kwhokmaykbekheldkliablekforkaksalesperson'skactions...?kcorrectkanswerThek
broker

Document information

Uploaded on: March 24, 2025
Number of pages: 72
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

Report Copyright Violation

$19.49

Written by students who passed

Immediately available after payment

Read online or as PDF

ATISOLUTIONNS

4.4

(377)

Available in package deal

You save 61% More Info

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Frequently asked questions

Can't I just make this for free with AI?

AI tools give you vast, general information. They don't know your course, your professor, or what actually gets asked in your exam. This document was written by a fellow student who understood the nuances of exactly this course and passed it. You get focused, curated study material, not a generic starting point you still have to rework.

Is this document still relevant for my course?

Every document shows the academic year, the linked textbook, and the institution, so you can check upfront whether it matches your course. Take a look at the free preview too to see if it fits.

What if the document isn't what I hoped?

No worries! If you change your mind within 14 days of purchase and have not downloaded the document yet, you can swap it for a different one of equal value. Your purchase is completely risk-free.

Who am I actually buying from?

Stuvia is a marketplace: you buy directly from the student who created the document. Stuvia handles payment securely and backs every purchase with the free exchange guarantee, so you never take on any risk.

Will I be stuck with a subscription?

No. You pay $19.49 once for this document and nothing more. No subscription, no auto-renewal, no fine print.

What do I get when I buy this document?

You get a PDF that is available immediately after payment. You can read the document online or download it, and it stays accessible through your profile indefinitely.

Why can I trust Stuvia?

4.6 stars on Google and Trustpilot from over 2,000 reviews. In the past 30 days 33058 documents were sold through Stuvia internationally. And we have been doing this for 16 years now. Every document also shows its rating and how many times it has been sold.

Real Estate U Final Exam

Content preview

Document information

More like this

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Didn't get what you expected? Choose another document

Pay as you like, start learning straight away

Working on your references?

Frequently asked questions

Can't I just make this for free with AI?

Is this document still relevant for my course?

What if the document isn't what I hoped?

Who am I actually buying from?

Will I be stuck with a subscription?

What do I get when I buy this document?

Why can I trust Stuvia?

Real Estate U Final Exam

Content preview

Document information

Browse related subjects

Subjects

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Didn't get what you expected? Choose another document

Pay as you like, start learning straight away

Working on your references?

Frequently asked questions

Can't I just make this for free with AI?

Is this document still relevant for my course?

What if the document isn't what I hoped?

Who am I actually buying from?

Will I be stuck with a subscription?

What do I get when I buy this document?

Why can I trust Stuvia?