Nys Real Estate u final exam questions and answers
2026-2027 Newest Exam With Complete Questions
And 100% Correct detailed Answers|Already Graded
A+
An agreement to do something or to allow something to
happen only after all the relevant facts are disclosed. -
ANSWER-Informed Consent
Basic physical and organizational structures needed for
the operation of a society or city. - ANSWER-Infrastructure
The value of an asset or asset group that is covered by an
insurance policy; can be estimated by deducting cost of
noninsurable items (e.g. land value) from market value. -
ANSWER-Insured Value
,A fee paid by the borrower of a loan as a form of
compensation for the use of money. - ANSWER-Interest
The Department of State's ability to enforce license laws
through reprimand and denial as well as the suspension
and revocation of licenses. - ANSWER-Administrative
Discipline
The seller or buyer agrees to dual agency before it occurs
by indicating the same on the agency disclosure form. -
ANSWER-Advance Consent to Dual Agency
,A means of acquiring title where an occupant has been in
actual, open, notorious, exclusive, and continuous
occupancy of property under a claim of right for the
required statutory period. - ANSWER-Adverse Possession
The net profit/loss realized after taxes are deducted. -
ANSWER-After Tax Cash Flow
A written explanation, to be signed by a prospective buyer
or seller of real estate, explaining to the client the role that
the broker plays in the transaction. - ANSWER-Agency
Disclosure Form
, One who undertakes to transact some business or to
manage some affair for another by authority of the latter. -
ANSWER-Agent
Rights in real property to use the space above the surface
of the land. - ANSWER-Air Rights
Allows lender to require the balance of a loan to be paid in
full if the collateral is sold (also known as a 'due on sale'
clause). - ANSWER-Alienation Clause
The increase in the area of land due to sediment
deposited by a river. - ANSWER-Alluvion
2026-2027 Newest Exam With Complete Questions
And 100% Correct detailed Answers|Already Graded
A+
An agreement to do something or to allow something to
happen only after all the relevant facts are disclosed. -
ANSWER-Informed Consent
Basic physical and organizational structures needed for
the operation of a society or city. - ANSWER-Infrastructure
The value of an asset or asset group that is covered by an
insurance policy; can be estimated by deducting cost of
noninsurable items (e.g. land value) from market value. -
ANSWER-Insured Value
,A fee paid by the borrower of a loan as a form of
compensation for the use of money. - ANSWER-Interest
The Department of State's ability to enforce license laws
through reprimand and denial as well as the suspension
and revocation of licenses. - ANSWER-Administrative
Discipline
The seller or buyer agrees to dual agency before it occurs
by indicating the same on the agency disclosure form. -
ANSWER-Advance Consent to Dual Agency
,A means of acquiring title where an occupant has been in
actual, open, notorious, exclusive, and continuous
occupancy of property under a claim of right for the
required statutory period. - ANSWER-Adverse Possession
The net profit/loss realized after taxes are deducted. -
ANSWER-After Tax Cash Flow
A written explanation, to be signed by a prospective buyer
or seller of real estate, explaining to the client the role that
the broker plays in the transaction. - ANSWER-Agency
Disclosure Form
, One who undertakes to transact some business or to
manage some affair for another by authority of the latter. -
ANSWER-Agent
Rights in real property to use the space above the surface
of the land. - ANSWER-Air Rights
Allows lender to require the balance of a loan to be paid in
full if the collateral is sold (also known as a 'due on sale'
clause). - ANSWER-Alienation Clause
The increase in the area of land due to sediment
deposited by a river. - ANSWER-Alluvion
