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New York State Real Estate Salesperson Licensing
Exam ||Verified Exam!!|| Most Recent Exam Actual
Complete Real Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ || Newest
Exam!!!
What does municipal engineer's office do? - Answer-
Oversees planning and construction of major highways,
sweet systems and water connections
If a property ad states that the property is near the vicinity
of a geographical area, what else mud the ad include? -
Answer-It must include the name of the geographical area
where the property is actually located
Who is usually exempt from property taxes? - Answer-
Disabled, veterans, farmers, elderly gold star parents *kids
die in the war, star program homeowners
Who is not usually exempt from property taxes? - Answer-
Second home owners
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What covers fully or personal property lost in a fire? -
Answer-Replacement cost
Find the square footage of a rectangular shaped floor
plan. How do you find the area of a square/rectangle? -
Answer-Length x Width = Area
What is the cash on cash return on a $2,000,000 property
with a down payment of $500,000 and $15,000 monthly
rental income? - Answer-36%
In NYS, how old must one be to enter into contracts? -
Answer-18
What other capability should they possess? - Answer-
Mental and emotional capability
What happens if one of the parties to the contract is a
minor? - Answer-The contract is voidable by the minor
What does the zoning board of appeals do? - Answer-
Grants variances
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What regulates construction standards in NYS? - Answer-
Building codes
Who hires the agent? - Answer-Principal or client
What is not a CMA (Comparative Market Analysis?) -
Answer-An apprasial
What cannot a salesperson do? - Answer-Collect money
directly from the client or customer
When should the Agency disclosure form be submitted? -
Answer-At the first substantive contact
Which document describes the agency (who he or she
represents) of the salesperson? - Answer-Agency
disclosure form
What is another name for the slope of a roof? - Answer-
Pitch
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What carcinogenic component was used as insulation in
electric transformers that contaminated soil and ground
water? - Answer-PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are
independent contractors? - Answer-Office phone
Whats right to access whiter from a river or stream called?
- Answer-Riparian
What did the civil rights act of 1866 protect without
exception? - Answer-Race
What did the 1988 amendment to the civil rights act
protect? - Answer-Disability and familial status
What is convincing owners to sell/lease property by telling
them a particular group of people are moving into the area
called? - Answer-Blockbusting
What is it called when lenders/insurance agents refuse to
do business in a certain area based on the characteristics
of the people living there? - Answer-Redlining
New York State Real Estate Salesperson Licensing
Exam ||Verified Exam!!|| Most Recent Exam Actual
Complete Real Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ || Newest
Exam!!!
What does municipal engineer's office do? - Answer-
Oversees planning and construction of major highways,
sweet systems and water connections
If a property ad states that the property is near the vicinity
of a geographical area, what else mud the ad include? -
Answer-It must include the name of the geographical area
where the property is actually located
Who is usually exempt from property taxes? - Answer-
Disabled, veterans, farmers, elderly gold star parents *kids
die in the war, star program homeowners
Who is not usually exempt from property taxes? - Answer-
Second home owners
,2|Page
What covers fully or personal property lost in a fire? -
Answer-Replacement cost
Find the square footage of a rectangular shaped floor
plan. How do you find the area of a square/rectangle? -
Answer-Length x Width = Area
What is the cash on cash return on a $2,000,000 property
with a down payment of $500,000 and $15,000 monthly
rental income? - Answer-36%
In NYS, how old must one be to enter into contracts? -
Answer-18
What other capability should they possess? - Answer-
Mental and emotional capability
What happens if one of the parties to the contract is a
minor? - Answer-The contract is voidable by the minor
What does the zoning board of appeals do? - Answer-
Grants variances
,3|Page
What regulates construction standards in NYS? - Answer-
Building codes
Who hires the agent? - Answer-Principal or client
What is not a CMA (Comparative Market Analysis?) -
Answer-An apprasial
What cannot a salesperson do? - Answer-Collect money
directly from the client or customer
When should the Agency disclosure form be submitted? -
Answer-At the first substantive contact
Which document describes the agency (who he or she
represents) of the salesperson? - Answer-Agency
disclosure form
What is another name for the slope of a roof? - Answer-
Pitch
, 4|Page
What carcinogenic component was used as insulation in
electric transformers that contaminated soil and ground
water? - Answer-PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are
independent contractors? - Answer-Office phone
Whats right to access whiter from a river or stream called?
- Answer-Riparian
What did the civil rights act of 1866 protect without
exception? - Answer-Race
What did the 1988 amendment to the civil rights act
protect? - Answer-Disability and familial status
What is convincing owners to sell/lease property by telling
them a particular group of people are moving into the area
called? - Answer-Blockbusting
What is it called when lenders/insurance agents refuse to
do business in a certain area based on the characteristics
of the people living there? - Answer-Redlining
