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Exam (elaborations)

NYREI Exam Prep Correct Questions And Answers(SCORED A)

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A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ANSWER Periodic tenancy Physical land and everything attached to it is called - ANSWER Real Estate Equipment a tenant installs for use in his or her business is called - ANSWER Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial composition of the neighborhood Is changing, with the implication that property values will decline is called - ANSWER Blockbusting Loans that follow the criteria set by secondary markets are called - ANSWER Conforming loans A "Rule" that says an informed buyer will not pay more for one home than a comparable one is - ANSWER Substitution Funds offered as an indication of good faith regarding a future performance of a


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October 27, 2023
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