NY REAL ESTATE SALESPERSON PRE-LICENSING NYREI correctly answered 2023

NY REAL ESTATE SALESPERSON PRE-LICENSING NYREI correctly answered 2023What is the age and experience requirement to apply for a broker license? - correct answer b. 20 years old and at least two years of experience A broker who deposits escrow funds into his brokerage business account is guilty of - correct answer a. commingling New York State's authority under police power to fine, issue, revoke, suspend, or deny a real estate license is known as - correct answer c. Article 12-A The commissions for licensed brokerage services are - correct answer b. required to be defined and could be a percentage, a flat fee, or both. A listing agent's duty of confidentiality lasts - correct answer d. forever A listing agent's commission is generally considered to be earned when - correct answer b. ready, willing, and able buyer is found and the offer is accepted In a cooperative transaction, a salesperson acting as a sub agent owes fiduciary duties to everyone EXCEPT - correct answer a. the buyer The very first document to be submitted to all prospective clients or customers is known as a - correct answer b. disclosure regarding real estate agency relationships form An agent meets with a seller to discuss listing his house. If the seller refuses to sign an agency disclosure form, the agent should - correct answer d. sign a declaration indicating a reason for refusal and have it notarized