New York Real Estate Exam Guide 2024 EXAM
WITH QUESTIONS AND DETAILED SOLUTIONS
(ALREADY GRADED A+)
What was the protected class in the 1866 Civil Rights Act? - ANSWER>>Race
What was the year of the first major legislation to directly affect property
ownership rights? - ANSWER>>1866
What would be an exception to the 1866 civil rights act? - ANSWER>>A person
renting out a room in their own home, which they actually live in, to the same
sex.
What was the year of the second major piece of federal fair housing legislation? -
ANSWER>>1968
What classes were protected under the 1968 FHA? - ANSWER>>Race, Religion,
National Origin
In 1974, there was an amendment- what class was added to the 1968 legislature?
- ANSWER>>Gender
In 1988 there was an amendment- what class was added to the 1968 legislature? -
ANSWER>>Familial and Disability
I am taking "green" customers to an only "green" people neighborhoods, this is
known as ? - ANSWER>>Steering
I am going into a neighborhood and inducing "panic selling". What is this called? -
ANSWER>>Block-busting
, A banker decided not to lend in a community because of the infusion of people of
a particular race, religion, or nationality. What is this called? - ANSWER>>Red-
lining
What is exempt from federal fair housing laws? - ANSWER>>Age
There are never any exemptions from fair housing laws based on? -
ANSWER>>Race
Solicitation of the sale or lease of property, due to a change in the ethnic
structure of a neighborhood is _______? - ANSWER>>Blockbusting
What is the minimum age to enter into a contract? - ANSWER>>18
If you were to sell your house to someone under the age of 18, how you
characterize the contract of sale? - ANSWER>>Voidable by the minor
What is the name of the "regulation" that requires the lead paint disclosure form?
- ANSWER>>Regulation X
I have to give the "protect your family from lead paint in your home" and the lead
paint disclosure form to prospective buyers and tenants if the building was
constructed in? - ANSWER>>1978
A condo association will reserve the right to be the first buyer if you decide to sell.
This is called? - ANSWER>>Right of first refusal
I am going to rent an apartment for one week, this is known as what type of
leasehold? - ANSWER>>An Estate for years
Co-Op ownership is what type of estate? - ANSWER>>Leasehold
How would you describe an interest in a co-op? - ANSWER>>Leasehold
WITH QUESTIONS AND DETAILED SOLUTIONS
(ALREADY GRADED A+)
What was the protected class in the 1866 Civil Rights Act? - ANSWER>>Race
What was the year of the first major legislation to directly affect property
ownership rights? - ANSWER>>1866
What would be an exception to the 1866 civil rights act? - ANSWER>>A person
renting out a room in their own home, which they actually live in, to the same
sex.
What was the year of the second major piece of federal fair housing legislation? -
ANSWER>>1968
What classes were protected under the 1968 FHA? - ANSWER>>Race, Religion,
National Origin
In 1974, there was an amendment- what class was added to the 1968 legislature?
- ANSWER>>Gender
In 1988 there was an amendment- what class was added to the 1968 legislature? -
ANSWER>>Familial and Disability
I am taking "green" customers to an only "green" people neighborhoods, this is
known as ? - ANSWER>>Steering
I am going into a neighborhood and inducing "panic selling". What is this called? -
ANSWER>>Block-busting
, A banker decided not to lend in a community because of the infusion of people of
a particular race, religion, or nationality. What is this called? - ANSWER>>Red-
lining
What is exempt from federal fair housing laws? - ANSWER>>Age
There are never any exemptions from fair housing laws based on? -
ANSWER>>Race
Solicitation of the sale or lease of property, due to a change in the ethnic
structure of a neighborhood is _______? - ANSWER>>Blockbusting
What is the minimum age to enter into a contract? - ANSWER>>18
If you were to sell your house to someone under the age of 18, how you
characterize the contract of sale? - ANSWER>>Voidable by the minor
What is the name of the "regulation" that requires the lead paint disclosure form?
- ANSWER>>Regulation X
I have to give the "protect your family from lead paint in your home" and the lead
paint disclosure form to prospective buyers and tenants if the building was
constructed in? - ANSWER>>1978
A condo association will reserve the right to be the first buyer if you decide to sell.
This is called? - ANSWER>>Right of first refusal
I am going to rent an apartment for one week, this is known as what type of
leasehold? - ANSWER>>An Estate for years
Co-Op ownership is what type of estate? - ANSWER>>Leasehold
How would you describe an interest in a co-op? - ANSWER>>Leasehold
