1
NYREI School Exam 2025 REAL EXAM QUESTIONS
|MOST TESTED QUESTIONS AND CORRECT ANSWERS
|100% ACCURATE|GET IT RIGHT!!
What is the minimum licensing requirement to sell commercial real estate in New
York? - (answers)a real estate salesperson's license
What is the preferred method of creating an agency relationship? -
(answers)expressed agency
An amenity purchaser - (answers)occupies or uses the purchased property
Condominium units are considered _____ property and are conveyed by _____. -
(answers)real / deed
A salesperson who is an independent contractor - (answers)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? - (answers)property tax lien
What is another word for principal? - (answers)Client. The principal in any
fiduciary relationship is the client.
, 2
The tenant signs a two-month lease on an apartment ending September 1. What
type of leasehold estate does this represent? - (answers)estate for years
What are the age and experience requirements to apply for a salesperson license?
- (answers)18 years old and no experience necessary
Craig owns a warehouse and his property taxes were recently raised. In turn,
Craig charged the tenant currently occupying the building additional operating
expenses. This is an example of - (answers)a pass-through.
Which federal environmental law, known as the Superfund, creates requirements
for closed and abandoned waste sites? - (answers)Comprehensive Environmental
Response, Compensation, and Liability Act
Who is responsible for approving septic and other sanitation systems in New York
State? - (answers)NYS Department of Health
Who pays the property taxes in a triple net lease? - (answers)tenant
Opal lives in an apartment that is going cooperative. The current residents are
given the first option to buy in, and Opal decides to take advantage of the
opportunity. Which statement about Opal's new co-op is FALSE? - (answers)She
will own the airspace inside her co-op fee simple.
An example of chattel is - (answers)wheat that has been harvested.
NYREI School Exam 2025 REAL EXAM QUESTIONS
|MOST TESTED QUESTIONS AND CORRECT ANSWERS
|100% ACCURATE|GET IT RIGHT!!
What is the minimum licensing requirement to sell commercial real estate in New
York? - (answers)a real estate salesperson's license
What is the preferred method of creating an agency relationship? -
(answers)expressed agency
An amenity purchaser - (answers)occupies or uses the purchased property
Condominium units are considered _____ property and are conveyed by _____. -
(answers)real / deed
A salesperson who is an independent contractor - (answers)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? - (answers)property tax lien
What is another word for principal? - (answers)Client. The principal in any
fiduciary relationship is the client.
, 2
The tenant signs a two-month lease on an apartment ending September 1. What
type of leasehold estate does this represent? - (answers)estate for years
What are the age and experience requirements to apply for a salesperson license?
- (answers)18 years old and no experience necessary
Craig owns a warehouse and his property taxes were recently raised. In turn,
Craig charged the tenant currently occupying the building additional operating
expenses. This is an example of - (answers)a pass-through.
Which federal environmental law, known as the Superfund, creates requirements
for closed and abandoned waste sites? - (answers)Comprehensive Environmental
Response, Compensation, and Liability Act
Who is responsible for approving septic and other sanitation systems in New York
State? - (answers)NYS Department of Health
Who pays the property taxes in a triple net lease? - (answers)tenant
Opal lives in an apartment that is going cooperative. The current residents are
given the first option to buy in, and Opal decides to take advantage of the
opportunity. Which statement about Opal's new co-op is FALSE? - (answers)She
will own the airspace inside her co-op fee simple.
An example of chattel is - (answers)wheat that has been harvested.
