NYREI State Exam(question and answers )2023 already passed

NYREI State Exam(question and answers )2023 already passedPlanning board = - correct answer Comprehensive Board What is the right that government can take property for the public good? - correct answer Eminent Domain How long is your NY real estate license issued for? - correct answer 2 Years Resales require a _________________________________________________ , it is not required for new construction or through the court. - correct answer Property Condition Disclosure Form What do brand new properties require? - correct answer A Warranty What happens to you if your broker is suspended? - correct answer Your Suspended What happens to you if your broker is revoked? - correct answer Your Suspended What happens to you if your broker dies? - correct answer Your Suspended What is a Dual Agency? - correct answer Dual agency exists when an agent represents both the buyer and the seller in the same transaction. Dual agency is legal in Washington, although it is discouraged. To act as a dual agent, a broker must have the written consent of both parties to the transac- tion. He must also act impartially towards both buyer and seller and refrain from acting to the detriment of either party.