NYS

NC NOTARY PUBLIC EXAM 2025| BRAND NEW ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND CORRECT SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR GRADES. Director - Correct Answer-Division director of the NC Dept of the Secretary of State Notary Public Section Jurat - Correct Answer-Notary's certificate evidencing administration of an oath or affirmation Moral Turpitude - Correct Answer-Conduct contrary to expected standards of honesty, morality, or integrity Nickname - Correct Answer-Descript...

NOTARY PUBLIC 2025 BRAND NEW ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND CORRECT SOLUTIONS| ACE YOUR GRADES. An employer requests a copy of journal. How should notary respond? - correct answer -Notary must either make copies or superivse the entire copying process. All notary journal entries must include - correct answer -1. date of notarization 2. time of notarization 3. type of notary performed 4. title of doc notarized 5. information regarding the ID of signer 6. signature of sig...

NOTARY TEST 2025| BRAND NEW ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND CORRECT SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR GRADES. Employers and notaries roles: - correct answer - Employer May: may determine when the notary is available to serve the public DURING work hours may establish policy that the notary will only notarize company documents DURING work hours may allow the notary to serve the public at determined times DURING work hours may require a $5 fee for clients or non-c...

NOTARY (MISSOURI NOTARY TRAINING) EXAM 2025| BRAND NEW ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND CORRECT SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR GRADES. How long is a notary's term of office? - Correct Answer-4 years - statute 486.610 What is required amount of a notary bond? - Correct Answer-$10,000 486.615 The notary bond dates must be the same as the notary commission dates that are set by the Secretary of State. - Correct Answer-true 486.615 Who gives the notary their oat...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials What type of valuation involves depreciation? Cost Approach Valuation Accretion Increase in land by water depositing soil onto the property Who pays the origination fee on an FHA? The borrower Acceleration Clause A contract provision that allows a lender to require a borrower to repay all or part of an outstanding loan if certain requirements are not met. Servient Estate The land over which an easement is granted Te...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials Joint Tenancy The joint ownership of property by two or more co-owners in which each co-owner owns an undivided portion of the property. On the death of one of the joint tenants, his or her interest automatically passes to the surviving joint tenants. What Agency issues real estate licence? Division of Licencing services - NYDOS At what age can you became a real estate salesperson? At the age of 18 Do you need experienc...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials Individuals not exempt from the licensure requirements would be: A: Trustees in a Bankruptcy B:Attorneys C:Receivers D:Those under age 21 D: Those under Age 21 The New York regulatory agency that oversees the real estate licensure is the: A :Multiple Listing Service B: New York State Real Estate Board C: Department of Law D: Department of State D: Department of State A seller pays an extra commission to go entirel...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials types of insurance policy's -commercial -contents -flood -homeowners' -tenants/renters -umbrella License Requirements (age) Salesperson - 18 Broker -20 License Requirements (citizenship) Salesperson - yes Broker - yes License Requirements (qualifying course) Salesperson - 75 hours Broker - 120 hours total License Requirements (experience) Salesperson - none Broker - 2 years as salesperson or 3 years...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials the highest court in new york state What is the New York Court of Appeals What are some license exemptions? attorneys admitted to the ny state bar are exempt from obtaining a license if they represent a client. Public officers are exempt when perforing official duties Persons under the judgment or order of a court. Why is blind advertising illegal in nys? All ads by a licensee must indicate that the advertiser is a bro...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials Easement in gross What type of easement is commonly used by utility companies? Easement by necessity Easement by condemnation Easement in gross Easement by prescription Administrator The person appointed by a court to distribute the intestate decedent's property is known as a/an...? Administrator Executor Dower Curtsey The original tenant In a sub-lease, who is responsible for paying rent to the landlord? The...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials encumbrances are nonpossessory interests in property; a person can have a claim or right to a property with out actually possessing it. Thus they burden a property. two common ones are easements and liens Easement the right to use land for a specific and limited purpose Two types of easements appurtenant and gross Easment Appurtenant burden one parcel of land (the servient tenement) for the benefit of another piece of ...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials equitable right of redemption. Just one day prior to a foreclosure sale, the homeowner pays to the bank all the past-due payments, late charges, attorney fees, etc. The homeowner saves the property under the right called Condominium Act Article 9B of New York State's Real Property Law is also known as the computerized loan origination. An electronic network for handling loan applications through remote computer termin...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials Ed is a licensee who's always eager to help his clients in any way he can. One of his current clients has received an offer that will give her a tidy profit on her home. She tells Ed she's worried about her tax liability when the home sells. What can Ed tell her that will be most helpful? a. "I believe you'll be allowed to exclude some of that profit from your taxable income, but you should definitely consult wit...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials 18 years old n NYS, how old must one be to enter into contracts What other capability should they possess? Mental and emotional capability What happens if one of the parties to the contract is a minor? The contract is voidable by the minor What does the zoning board of appeals do? - Grants variances What regulates construction standards in NYS? - Building codes What does municipal engineer's office do? Oversees ...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials According to Article 12-A (NYS Real Property Law), this person shall prosecute criminal actions for violations of the Real Property Law. Attorney General Highest court in New York State New York Court of Appeals Real Estate License Requirements A real estate salesperson must be at least 18 years old. A real estate salesperson's license is valid for 2 years. Every 2 years, the salesperson must renew their license onl...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts wou...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials How many members does the Governor appoint to the Board of Real Estate? 3 brokers and 4 public members In order to become a licensed salesperson in New York, a candidate must _________successfully. complete the 77-hour pre-license course How will an examinee know what percent of the exam questions he or she answered correctly? The percentage score is not given to the examinee. For what are members of the Board compensat...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials Administrative Discipline The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses Apartment Information Vendor Any person who engages in the business of claiming, demanding, charging, receiving, collecting, or contracting for the collection of, a fee from a customer for furnishing information concerning the location and availability of r...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials Statutory Period of Redemption Period of time after a tax sale during which a property may be redeemed a "mill" millage x 1,000 = mill rate Cash Flow NOI - debt service Effective Gross Income Potential gross income - vacancy and collection loss NOI effective gross income - operating expenses Capital Gains selling price - adjusted basis A section = ______ mile or _______ acres 1 sq mile or 640 acres I acre ...

NYS REAL ESTATE EXAM QUESTIONS AND ANSWERS .Buy Quality Materials The secondary money market refers to? Transfers of notes and T.D.s between mortgagees for value If a broker's salespersons meet IRS criteria as independent contractors, the broker would be responsible for? Worker's compensation insurance Which law prohibits a real estate agent from receiving a referral fee from an escrow or title Company? RESPA In a period of tight money, the Federal Reserve Bank can increase the ...