New York State Real Estate Salesperson Licensing Exam questions with correct answers

In NYS, how old must one be to enter into contracts? CORRECT ANSWER 18 What other capability should they possess? CORRECT ANSWER Mental and emotional capability What happens if one of the parties to the contract is a minor? CORRECT ANSWER The contract is voidable by the minor What does the zoning board of appeals do? CORRECT ANSWER Grants variances What regulates construction standards in NYS? CORRECT ANSWER Building codes What does municipal engineer's office do? CORRECT 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? CORRECT ANSWER It must include the name of the geographical area where the property is actually located Who is usually exempt from property taxes? CORRECT ANSWER Disabled, veterans, farmers, elderly gold star parents *kids die in the war, star program homeowners Who is not usually exempt from property taxes? CORRECT ANSWER Second home owners What covers fully or personal property lost in a fire? CORRECT ANSWER Replacement cost Find the square footage of a rectangular shaped floor plan. How do you find the area of a square/rectangle? CORRECT ANSWER Length x Width = Area