New York Real Estate Salesperson (REEDC) Exam
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as a real estate sales person, i am prac cing - answerspecial agency
as a property manager i am prac cing - answergeneral agency
in estate planning i am prac cing - answeruniversal agency
if its my inten on to protect my client,usually the seller,from the vicarious liability, of another licensee,
viola ng the laws of licensure, i should always give out my lis ngs, to other licenses as brokers agents, or
sub agents ? - answerbrokers agent
if i share the lis ng on a property, with your, broker, and give you the opportunity, to make the sale, your
broker just became my - answersub agent
if one broker is represen ng both the purchaser and the seller in the same transac on, you would call
this? - answerdual agency
what is the department of state concerned, when a real estate licensee, also embarks, upon the prac ce,
of wri ng mortgage applica ons, as a mortgage rent? they are concerned about? - answerpossibility of
dual agency
i hire you to sell my house, you are my broker and i am your? - answerclient or principal
,it has been long standing, that my driveway crosses, over my neighbors property, you would call that -
answereasment appuretant
in the above ques on, which estate is dominant, mine or my neighbors - answermine because, i benefit
from easment
so what would you call, my neighbors estate - answerserviant
if a u lity company has an easement over many proper es? - answereasment in gross
u lity easment
if someone uses the property of another in a way that is open and notorious, exclusive and adverse to
the best interest of the true owner, you would call this? - answersqua er rights
what are two other names in the ques ons above? - answeradverse posession
easement by prescrip on
for how many years would you have use of that persons property to make claim of ownership? -
answer10 years
if a person has the right to cross over your property its an? - answereasment
if a thing is crossing over your property line thats an? - answerencroachment
if you buy materials from a supply house, and fail to pay them, they can file a materialmens line,
unfortunately this student told materialmens lien isn't one of the choices - answermechanics lien
,we talked about, a formal legal descrip on, of an vld, what is one example, of a formal legal descrip on?
- answersec on block and lot
meet and bounds
which descrip on would not be formal legal descrip on - answerstreet name and street address
who determines, what the real estate commission, will be on a par cular deal? - answersponsoring
broker and client(seller)
if someone dies without having a valid will, he died? - answerintestate
if someone dies w/out having a valid will and the state cannot locate any heirs or creditors, that persons
property reverts to the state through a process called? - answerescheat
what is the name, of the standardized closing statement, on se lement statement, required by respa
1974 called? - answerhud1= se lement statement
what is a synonym for prora on? - answeradjustment
whats the name of the deed, which gives the most legal promises, covenants, and warran es to the
buyer? - answerfull covenant and warantee
what is it called if i track back the successive owners of a piece of real estate, star ng w/the current deed
and working my way backwards in me? - answerchain of tle of real property
a deed is a? - answerinstrument that conveys a grantors interest
, generally speaking, who creates the real estate contract, of sale - answersellers a orney
who signs the contract first - answerbuyer
what does the buyer a ach to the contract, a er signing it - answerearnest deposit
who holds the earnest deposit money from the buyer from the signing of the contract un l closing? -
answersellers a orney in escrow
who signs the contract last - answerthe seller
the fullest interest i can have in my ownership of real estate is called having a ? - answerfee simple
unlike residen al leases, where if you add a fixture, such as a celling lamp, it becomes part of the real
property, in a commercial environment, its understood, that if you add cabinets, refrigerator units, etc
that they are leaving, when the lease is over ,you would call this - answertrade fixtures
tenants in common, is characterized by - answerrights of survivorship
in new york city, husband and wife, takes ownership as, ? - answertenants in the en rety
what would you call it when one person buys a property, all by himself,herself - answerownership in
severalty
what would you call the owed of the government, to acquire, personally held real property for the
benefit of the public? - answereminent domain/condemna on
Prep 2026 ||100% Correct and Verified ||Verified
Prac ce Tests||Already Passed !!!
as a real estate sales person, i am prac cing - answerspecial agency
as a property manager i am prac cing - answergeneral agency
in estate planning i am prac cing - answeruniversal agency
if its my inten on to protect my client,usually the seller,from the vicarious liability, of another licensee,
viola ng the laws of licensure, i should always give out my lis ngs, to other licenses as brokers agents, or
sub agents ? - answerbrokers agent
if i share the lis ng on a property, with your, broker, and give you the opportunity, to make the sale, your
broker just became my - answersub agent
if one broker is represen ng both the purchaser and the seller in the same transac on, you would call
this? - answerdual agency
what is the department of state concerned, when a real estate licensee, also embarks, upon the prac ce,
of wri ng mortgage applica ons, as a mortgage rent? they are concerned about? - answerpossibility of
dual agency
i hire you to sell my house, you are my broker and i am your? - answerclient or principal
,it has been long standing, that my driveway crosses, over my neighbors property, you would call that -
answereasment appuretant
in the above ques on, which estate is dominant, mine or my neighbors - answermine because, i benefit
from easment
so what would you call, my neighbors estate - answerserviant
if a u lity company has an easement over many proper es? - answereasment in gross
u lity easment
if someone uses the property of another in a way that is open and notorious, exclusive and adverse to
the best interest of the true owner, you would call this? - answersqua er rights
what are two other names in the ques ons above? - answeradverse posession
easement by prescrip on
for how many years would you have use of that persons property to make claim of ownership? -
answer10 years
if a person has the right to cross over your property its an? - answereasment
if a thing is crossing over your property line thats an? - answerencroachment
if you buy materials from a supply house, and fail to pay them, they can file a materialmens line,
unfortunately this student told materialmens lien isn't one of the choices - answermechanics lien
,we talked about, a formal legal descrip on, of an vld, what is one example, of a formal legal descrip on?
- answersec on block and lot
meet and bounds
which descrip on would not be formal legal descrip on - answerstreet name and street address
who determines, what the real estate commission, will be on a par cular deal? - answersponsoring
broker and client(seller)
if someone dies without having a valid will, he died? - answerintestate
if someone dies w/out having a valid will and the state cannot locate any heirs or creditors, that persons
property reverts to the state through a process called? - answerescheat
what is the name, of the standardized closing statement, on se lement statement, required by respa
1974 called? - answerhud1= se lement statement
what is a synonym for prora on? - answeradjustment
whats the name of the deed, which gives the most legal promises, covenants, and warran es to the
buyer? - answerfull covenant and warantee
what is it called if i track back the successive owners of a piece of real estate, star ng w/the current deed
and working my way backwards in me? - answerchain of tle of real property
a deed is a? - answerinstrument that conveys a grantors interest
, generally speaking, who creates the real estate contract, of sale - answersellers a orney
who signs the contract first - answerbuyer
what does the buyer a ach to the contract, a er signing it - answerearnest deposit
who holds the earnest deposit money from the buyer from the signing of the contract un l closing? -
answersellers a orney in escrow
who signs the contract last - answerthe seller
the fullest interest i can have in my ownership of real estate is called having a ? - answerfee simple
unlike residen al leases, where if you add a fixture, such as a celling lamp, it becomes part of the real
property, in a commercial environment, its understood, that if you add cabinets, refrigerator units, etc
that they are leaving, when the lease is over ,you would call this - answertrade fixtures
tenants in common, is characterized by - answerrights of survivorship
in new york city, husband and wife, takes ownership as, ? - answertenants in the en rety
what would you call it when one person buys a property, all by himself,herself - answerownership in
severalty
what would you call the owed of the government, to acquire, personally held real property for the
benefit of the public? - answereminent domain/condemna on
