NSAR SALESPERSON LICENSING
CERTIFICATION EVALUATION TESTED
QUESTIONS AND ANSWERS COMPLETE
REVIEW
●● 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
●● What regulates construction standards in NYS?
Answer: Building codes
●● 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
●● 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%
CERTIFICATION EVALUATION TESTED
QUESTIONS AND ANSWERS COMPLETE
REVIEW
●● 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
●● What regulates construction standards in NYS?
Answer: Building codes
●● 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
●● 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%
