NEW YORK REAL ESTATE SALESPERSON (REEDC)
EXAM 2024-2025/ACTUAL EXAM TEST WITH 350
QUESTIONS AND CORRECT VERIFIED
SOLUTIONS/LATEST UPDATE /ALREADY GRADED A+
As a real estate sales person, i am practicing
RIGHT ANS:->> special agency
As a property manager i am practicing
RIGHT ANS:->> general agency
In estate planning i am practicing
RIGHT ANS:->> universal agency
If its my intention to protect my client,usually the seller,from the vicarious
liability, of another licensee, violating the laws of licensure, i should always give
out my listings, to other licenses as brokers agents, or sub agents ?
RIGHT ANS:->> brokers agent
If i share the listing on a property, with your, broker, and give you the opportunity,
to make the sale, your broker just became my RIGHT ANS:->> sub agent
If one broker is representing both the purchaser and the seller in the same
transaction, you would call this?
RIGHT ANS:->> dual agency
What is the department of state concerned, when a real estate licensee, also
embarks, upon the practice, of writing mortgage applications, as a mortgage
rent? they are concerned about? -
,>>>possibility of dual agency
i hire you to sell my house, you are my broker and i am your?
RIGHT ANS:->> client or principal
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that -
>>>easment appuretant
in the above question, which estate is dominant, mine or my neighbors
RIGHT ANS:->> mine because, i benefit from easment
so what would you call, my neighbors estate
RIGHT ANS:->> serviant
if a utility company has an easement over many properties?
RIGHT ANS:->> easement in gross
Utility easement
if someone uses the property of another in a way that is open and notorious,
exclusive and adverse to the best interest of the true owner, you would call this?
RIGHT ANS:->> squatter rights
What are two other names in the questions above? RIGHT
ANS:->> adverse posession easement by prescription
,For how many years would you have use of that persons property to make claim of
ownership? -
>>>10 years
If a person has the right to cross over your property its an?
RIGHT ANS:->> easment
If a thing is crossing over your property line thats an?
RIGHT ANS:->> encroachment
if you buy materials from a supply house, and fail to pay them, they can file a
materialmens line, unfortunately this student told materialmens lien isn't one of the
choices RIGHT ANS:->> mechanics lien
we talked about, a formal legal description, of an vld, what is one example, of a
formal legal description?
RIGHT ANS:->> section block and lot
meet and bounds
which description would not be formal legal description RIGHT ANS:->> street
name and street address
who determines, what the real estate commission, will be on a particular deal?
RIGHT ANS:->> sponsoring broker and client(seller)
if someone dies without having a valid will, he died?
RIGHT ANS:->> intestate
if someone dies w/out having a valid will and the state cannot locate any heirs or
, creditors, that persons property reverts to the state through a process called?
RIGHT ANS:->> escheat
what is the name, of the standardized closing statement, on settlement statement,
required by respa 1974 called?
RIGHT ANS:->> hud1= settlement statement
what is a synonym for proration?
RIGHT ANS:->> adjustment
whats the name of the deed, which gives the most legal promises, covenants, and
warranties to the buyer?
RIGHT ANS:->> full covenant and warantee
what is it called if i track back the successive owners of a piece of real estate,
starting w/the current deed and working my way backwards in time?
RIGHT ANS:->> chain of title of real property
a deed is a?
RIGHT ANS:->> instrument that conveys a grantors interest
generally speaking, who creates the real estate contract, of sale
RIGHT ANS:->> sellers attorney
who signs the contract first
RIGHT ANS:->> buyer
what does the buyer attach to the contract, after signing it
RIGHT ANS:->> earnest deposit
EXAM 2024-2025/ACTUAL EXAM TEST WITH 350
QUESTIONS AND CORRECT VERIFIED
SOLUTIONS/LATEST UPDATE /ALREADY GRADED A+
As a real estate sales person, i am practicing
RIGHT ANS:->> special agency
As a property manager i am practicing
RIGHT ANS:->> general agency
In estate planning i am practicing
RIGHT ANS:->> universal agency
If its my intention to protect my client,usually the seller,from the vicarious
liability, of another licensee, violating the laws of licensure, i should always give
out my listings, to other licenses as brokers agents, or sub agents ?
RIGHT ANS:->> brokers agent
If i share the listing on a property, with your, broker, and give you the opportunity,
to make the sale, your broker just became my RIGHT ANS:->> sub agent
If one broker is representing both the purchaser and the seller in the same
transaction, you would call this?
RIGHT ANS:->> dual agency
What is the department of state concerned, when a real estate licensee, also
embarks, upon the practice, of writing mortgage applications, as a mortgage
rent? they are concerned about? -
,>>>possibility of dual agency
i hire you to sell my house, you are my broker and i am your?
RIGHT ANS:->> client or principal
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that -
>>>easment appuretant
in the above question, which estate is dominant, mine or my neighbors
RIGHT ANS:->> mine because, i benefit from easment
so what would you call, my neighbors estate
RIGHT ANS:->> serviant
if a utility company has an easement over many properties?
RIGHT ANS:->> easement in gross
Utility easement
if someone uses the property of another in a way that is open and notorious,
exclusive and adverse to the best interest of the true owner, you would call this?
RIGHT ANS:->> squatter rights
What are two other names in the questions above? RIGHT
ANS:->> adverse posession easement by prescription
,For how many years would you have use of that persons property to make claim of
ownership? -
>>>10 years
If a person has the right to cross over your property its an?
RIGHT ANS:->> easment
If a thing is crossing over your property line thats an?
RIGHT ANS:->> encroachment
if you buy materials from a supply house, and fail to pay them, they can file a
materialmens line, unfortunately this student told materialmens lien isn't one of the
choices RIGHT ANS:->> mechanics lien
we talked about, a formal legal description, of an vld, what is one example, of a
formal legal description?
RIGHT ANS:->> section block and lot
meet and bounds
which description would not be formal legal description RIGHT ANS:->> street
name and street address
who determines, what the real estate commission, will be on a particular deal?
RIGHT ANS:->> sponsoring broker and client(seller)
if someone dies without having a valid will, he died?
RIGHT ANS:->> intestate
if someone dies w/out having a valid will and the state cannot locate any heirs or
, creditors, that persons property reverts to the state through a process called?
RIGHT ANS:->> escheat
what is the name, of the standardized closing statement, on settlement statement,
required by respa 1974 called?
RIGHT ANS:->> hud1= settlement statement
what is a synonym for proration?
RIGHT ANS:->> adjustment
whats the name of the deed, which gives the most legal promises, covenants, and
warranties to the buyer?
RIGHT ANS:->> full covenant and warantee
what is it called if i track back the successive owners of a piece of real estate,
starting w/the current deed and working my way backwards in time?
RIGHT ANS:->> chain of title of real property
a deed is a?
RIGHT ANS:->> instrument that conveys a grantors interest
generally speaking, who creates the real estate contract, of sale
RIGHT ANS:->> sellers attorney
who signs the contract first
RIGHT ANS:->> buyer
what does the buyer attach to the contract, after signing it
RIGHT ANS:->> earnest deposit
