NYS REAL ESTATE U FINAL EXAM (2026-2027) LATEST
01/15/2026
UPDATE 100% COMPLETE PASS
Nys Real estate u final exam (2026-2027)
latest update 100% complete pass
Article 12 A
The section of the New York Real Property Law pertaining to real estate salespersons and brokers
Sponsor
A licensed real estate broker that holds the license of a salesperson
Misdemeanor
A crime punishable by up to a year in prison and / or a $ 1,000 fine .
Listing Agreement
An employment contract between principal and agent , authorizing the agent to perform services for
the principle involving the latter's property
Pocket Card
1/15/2026
A card issued by the Department of State to each licensee which contains the photo , name and
business address of the licensee , and , in the case of a real estate salesperson , the name and business
address of the broker with whom he or she is associated and shall certify that the person whose name
1
, NYS REAL ESTATE U FINAL EXAM (2026-2027) LATEST
01/15/2026
UPDATE 100% COMPLETE PASS
appears thereon is a licensed real estate broker or salesperson . Must be carried by the agent at all
times when serving as a salesperson .
Fiduciary
A person who on behalf of or for the benefit of another transacts business or handles money or
property not the person's own ; such relationship implies great confidence and trust
Disclosure Regarding Real Estate Agency Relationships Form
A written explanation , to be signed by a prospective buyer or seller of real estate , explaining to the
client the role that the broker plays in the transaction . First document to be submitted to all
prospective clients
Exclusive Agency
An agreement of employment of a broker to the exclusion of all other exclusive agency is entitled to
commissions in addition to the commissions payable to the brokers ; if sale is made by any other
broker during term of employment , broker holding broker who effected the transaction
Principal
The employer of an agent or broker ; the broker's or agent's client .
Price Fixing
Conspiring to establish fixed fees or prices for services or products
1/15/2026
Market Allocation
2
, NYS REAL ESTATE U FINAL EXAM (2026-2027) LATEST
01/15/2026
UPDATE 100% COMPLETE PASS
An agreement between members of a trade to refrain from competition in specific market areas
Independent Contractor Relationship
A person that provides services to another under terms specified in a contract or within a verbal
agreement . The agent does not have to work in a specific location The broker cannot control the
agent's work activities
Bundle of Rights
The premise that the ownership of real estate consists of the ownership of various rights associated
with it . These rights include the right to use and / or occupy , the right to sell in whole or in part , the
right to lease , the right to bequeath and the right to do none of the foregoing Includes the right to
quiet enjoyment
Littoral Rights
The right of a property owner whose land borders on a body of water , such as a lake , ocean or sea to
reasonable use and enjoyment of the shore and water the property borders on .
Riparian Rights
The right of a property owner whose land borders a natural water course such as a river , to
reasonable use and enjoyment of the water that flows past the property . Riparian literally means "
riverbank
Specific Lien
1/15/2026
A lien that only binds to a specific asset or property Example : mortgage
3
01/15/2026
UPDATE 100% COMPLETE PASS
Nys Real estate u final exam (2026-2027)
latest update 100% complete pass
Article 12 A
The section of the New York Real Property Law pertaining to real estate salespersons and brokers
Sponsor
A licensed real estate broker that holds the license of a salesperson
Misdemeanor
A crime punishable by up to a year in prison and / or a $ 1,000 fine .
Listing Agreement
An employment contract between principal and agent , authorizing the agent to perform services for
the principle involving the latter's property
Pocket Card
1/15/2026
A card issued by the Department of State to each licensee which contains the photo , name and
business address of the licensee , and , in the case of a real estate salesperson , the name and business
address of the broker with whom he or she is associated and shall certify that the person whose name
1
, NYS REAL ESTATE U FINAL EXAM (2026-2027) LATEST
01/15/2026
UPDATE 100% COMPLETE PASS
appears thereon is a licensed real estate broker or salesperson . Must be carried by the agent at all
times when serving as a salesperson .
Fiduciary
A person who on behalf of or for the benefit of another transacts business or handles money or
property not the person's own ; such relationship implies great confidence and trust
Disclosure Regarding Real Estate Agency Relationships Form
A written explanation , to be signed by a prospective buyer or seller of real estate , explaining to the
client the role that the broker plays in the transaction . First document to be submitted to all
prospective clients
Exclusive Agency
An agreement of employment of a broker to the exclusion of all other exclusive agency is entitled to
commissions in addition to the commissions payable to the brokers ; if sale is made by any other
broker during term of employment , broker holding broker who effected the transaction
Principal
The employer of an agent or broker ; the broker's or agent's client .
Price Fixing
Conspiring to establish fixed fees or prices for services or products
1/15/2026
Market Allocation
2
, NYS REAL ESTATE U FINAL EXAM (2026-2027) LATEST
01/15/2026
UPDATE 100% COMPLETE PASS
An agreement between members of a trade to refrain from competition in specific market areas
Independent Contractor Relationship
A person that provides services to another under terms specified in a contract or within a verbal
agreement . The agent does not have to work in a specific location The broker cannot control the
agent's work activities
Bundle of Rights
The premise that the ownership of real estate consists of the ownership of various rights associated
with it . These rights include the right to use and / or occupy , the right to sell in whole or in part , the
right to lease , the right to bequeath and the right to do none of the foregoing Includes the right to
quiet enjoyment
Littoral Rights
The right of a property owner whose land borders on a body of water , such as a lake , ocean or sea to
reasonable use and enjoyment of the shore and water the property borders on .
Riparian Rights
The right of a property owner whose land borders a natural water course such as a river , to
reasonable use and enjoyment of the water that flows past the property . Riparian literally means "
riverbank
Specific Lien
1/15/2026
A lien that only binds to a specific asset or property Example : mortgage
3
