New York State Real Estate Salesperson Licensing Exam.
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as a real estate sales person, i am practicing - ✔✔special agency
as a property manager i am practicing - ✔✔general agency
in estate planning i am practicing - ✔✔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 ? - ✔✔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 - ✔✔sub agent
if one broker is representing both the purchaser and the seller in the same
transaction, you would call this? - ✔✔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? - ✔✔client or
principal
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that - ✔✔easment appuretant
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that ...
In the above question, which estate is dominant, mine or my neighbors - ✔✔mine
because, i benefit from easment
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that
so what would you call, my neighbors estate - ✔✔serviant
1
,if a utility company has an easement over many properties? - ✔✔easment in
gross
utility easment
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?
- ✔✔squatter rights
what are two other names in the questions above? - ✔✔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? - ✔✔easment
if a thing is crossing over your property line thats an? - ✔✔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 - ✔✔mechanics lien
we talked about, a formal legal description, of an vld, what is one example, of a
formal legal description? - ✔✔section block and lot
meet and bounds
which description would not be formal legal description - ✔✔street name and
street address
who determines, what the real estate commission, will be on a particular deal? -
✔✔sponsoring broker and client(seller)
if someone dies without having a valid will, he died? - ✔✔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? -
✔✔escheat
what is the name, of the standardized closing statement, on settlement
statement, required by respa 1974 called? - ✔✔hud1= settlement statement
what is a synonym for proration? - ✔✔adjustment
2
, whats the name of the deed, which gives the most legal promises, covenants,
and warranties to the buyer? - ✔✔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? - ✔✔chain
of title of real property
a deed is a? - ✔✔instrument that conveys a grantors interest
generally speaking, who creates the real estate contract, of sale - ✔✔sellers
attorney
who signs the contract first - ✔✔buyer
what does the buyer attach to the contract, after signing it - ✔✔earnest deposit
who holds the earnest deposit money from the buyer from the signing of the
contract until closing? - ✔✔sellers attorney in escrow
who signs the contract last - ✔✔the seller
the fullest interest i can have in my ownership of real estate is called having a ? -
✔✔fee simple
unlike residential leases, where if you add a fixture, such as a celling lamp, it
becomes part of the real property, in a commercial environment, its understood,
that if you add cabinets, refrigerator units, etc that they are leaving, when the
lease is over ,you would call this - ✔✔trade fixtures
tenants in common, is characterized by - ✔✔rights of survivorship
in new york city, husband and wife, takes ownership as, ? - ✔✔tenants in the
entirety
what would you call it when one person buys a property, all by himself,herself -
✔✔ownership in severalty
what would you call the owed of the government, to acquire, personally held real
property for the benefit of the public? - ✔✔eminent domain/condemnation
a zoning ordinance would not require? - ✔✔materials
when i go to the building dept, and i want to put in extension on a house, or
modify something, I'm making an application for? - ✔✔permit
3
Save |Verified Answers 100%
as a real estate sales person, i am practicing - ✔✔special agency
as a property manager i am practicing - ✔✔general agency
in estate planning i am practicing - ✔✔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 ? - ✔✔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 - ✔✔sub agent
if one broker is representing both the purchaser and the seller in the same
transaction, you would call this? - ✔✔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? - ✔✔client or
principal
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that - ✔✔easment appuretant
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that ...
In the above question, which estate is dominant, mine or my neighbors - ✔✔mine
because, i benefit from easment
it has been long standing, that my driveway crosses, over my neighbors property,
you would call that
so what would you call, my neighbors estate - ✔✔serviant
1
,if a utility company has an easement over many properties? - ✔✔easment in
gross
utility easment
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?
- ✔✔squatter rights
what are two other names in the questions above? - ✔✔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? - ✔✔easment
if a thing is crossing over your property line thats an? - ✔✔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 - ✔✔mechanics lien
we talked about, a formal legal description, of an vld, what is one example, of a
formal legal description? - ✔✔section block and lot
meet and bounds
which description would not be formal legal description - ✔✔street name and
street address
who determines, what the real estate commission, will be on a particular deal? -
✔✔sponsoring broker and client(seller)
if someone dies without having a valid will, he died? - ✔✔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? -
✔✔escheat
what is the name, of the standardized closing statement, on settlement
statement, required by respa 1974 called? - ✔✔hud1= settlement statement
what is a synonym for proration? - ✔✔adjustment
2
, whats the name of the deed, which gives the most legal promises, covenants,
and warranties to the buyer? - ✔✔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? - ✔✔chain
of title of real property
a deed is a? - ✔✔instrument that conveys a grantors interest
generally speaking, who creates the real estate contract, of sale - ✔✔sellers
attorney
who signs the contract first - ✔✔buyer
what does the buyer attach to the contract, after signing it - ✔✔earnest deposit
who holds the earnest deposit money from the buyer from the signing of the
contract until closing? - ✔✔sellers attorney in escrow
who signs the contract last - ✔✔the seller
the fullest interest i can have in my ownership of real estate is called having a ? -
✔✔fee simple
unlike residential leases, where if you add a fixture, such as a celling lamp, it
becomes part of the real property, in a commercial environment, its understood,
that if you add cabinets, refrigerator units, etc that they are leaving, when the
lease is over ,you would call this - ✔✔trade fixtures
tenants in common, is characterized by - ✔✔rights of survivorship
in new york city, husband and wife, takes ownership as, ? - ✔✔tenants in the
entirety
what would you call it when one person buys a property, all by himself,herself -
✔✔ownership in severalty
what would you call the owed of the government, to acquire, personally held real
property for the benefit of the public? - ✔✔eminent domain/condemnation
a zoning ordinance would not require? - ✔✔materials
when i go to the building dept, and i want to put in extension on a house, or
modify something, I'm making an application for? - ✔✔permit
3
