NEW YORK STATE REAL ESTATE SALESPERSON LICENSING EXAM WITH ACCURATE
SOLUTIONS | SUMMER-FALL GRADED A+
In NYS, how old must one be to enter into contracts?
18
What other capability should they possess?
Mental and emotional capability
What happens if one of the parties to the contract is a minor?
The contract is voidable by the minor
What does the zoning board of appeals do?
Grants variances
What regulates construction standards in NYS?
Building codes
What does municipal engineer's office do?
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?
It must include the name of the geographical area where the property is actually located
Who is usually exempt from property taxes?
Disabled, veterans, farmers, elderly gold star parents *kids die in the war, star program
homeowners
Who is not usually exempt from property taxes?
Second home owners
What covers fully or personal property lost in a fire?
Replacement cost
Find the square footage of a rectangular shaped floor plan. How do you find the area of a
square/rectangle?
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?
36%
,Who hires the agent?
Principal or client
What is not a CMA (Comparative Market Analysis?)
An apprasial
What cannot a salesperson do?
Collect money directly from the client or customer
When should the Agency disclosure form be submitted?
At the first substantive contact
Which document describes the agency (who he or she represents) of the salesperson?
Agency disclosure form
What is another name for the slope of a roof?
Pitch
, What carcinogenic component was used as insulation in electric transformers that
contaminated soil and ground water?
PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are independent contractors?
Office phone
Whats right to access whiter from a river or stream called?
Riparian
What did the civil rights act of 1866 protect without exception?
Race
What did the 1988 amendment to the civil rights act protect?
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?
Blockbusting
SOLUTIONS | SUMMER-FALL GRADED A+
In NYS, how old must one be to enter into contracts?
18
What other capability should they possess?
Mental and emotional capability
What happens if one of the parties to the contract is a minor?
The contract is voidable by the minor
What does the zoning board of appeals do?
Grants variances
What regulates construction standards in NYS?
Building codes
What does municipal engineer's office do?
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?
It must include the name of the geographical area where the property is actually located
Who is usually exempt from property taxes?
Disabled, veterans, farmers, elderly gold star parents *kids die in the war, star program
homeowners
Who is not usually exempt from property taxes?
Second home owners
What covers fully or personal property lost in a fire?
Replacement cost
Find the square footage of a rectangular shaped floor plan. How do you find the area of a
square/rectangle?
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?
36%
,Who hires the agent?
Principal or client
What is not a CMA (Comparative Market Analysis?)
An apprasial
What cannot a salesperson do?
Collect money directly from the client or customer
When should the Agency disclosure form be submitted?
At the first substantive contact
Which document describes the agency (who he or she represents) of the salesperson?
Agency disclosure form
What is another name for the slope of a roof?
Pitch
, What carcinogenic component was used as insulation in electric transformers that
contaminated soil and ground water?
PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are independent contractors?
Office phone
Whats right to access whiter from a river or stream called?
Riparian
What did the civil rights act of 1866 protect without exception?
Race
What did the 1988 amendment to the civil rights act protect?
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?
Blockbusting
