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New York Real Estate Salesperson Exam: Latest Updated: Guaranteed A+ Guide

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Liquidity (Ansability to convert something to cash quickly - real estate not liquid Effective Gross income (Ans- potential gross income- vacancy and collection loss+ other income potential gross income (Ans- maximum amount of rent a landlord could get at full occupancy Net Operating income (Ans- effective gross income- expenses Eviction (Ans- - legal way to evict is court order - Constructive eviction- landlord forces tenant out because they make the property uninhabitable (like turning off heat)Self help eviction (Ans- - not going through court and forcing someone out Estate at Sufferance (Anslease ends but tenant doesn't move - landlord suffers

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Institution: New York University
Course: Real Estate

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New York Real Estate Salesperson Exam: Latest Updated: Guaranteed A+ Guide

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