- Study guides, Class notes & Summaries

What is the minimum licensing requirement to sell commercial real estate in New York? - CORRECT ANSWER - a real estate salesperson's license What is the preferred method of creating an agency relationship? - CORRECT ANSWER - expressed agency An amenity purchaser - CORRECT ANSWER - occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - CORRECT ANSWER - real / deed A salesperson who is an independent contractor - CORRECT AN...

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6 pages

Written in 2023/2024

Grade A+

Wisdoms

NYREI School Exam Questions and Answers (100% Verified) Latest 2024/2025 Graded. What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an...

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8 pages

Written in 2023/2024

Grade A+

DRBRIGHT2026

NYREI School Exam Questions and Answers (100%Correct Solutions). What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent co...

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8 pages

Written in 2023/2024

Grade A+

DoctorReinhad

NYREI School Exam Questions and Answers (100%Correct Solutions). What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent co...

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8 pages

Written in 2023/2024

Grade A+

EXCELLENTNURSE

In order to accurately estimate the flow of a sanitary sewer overflow (SSO) you must have: - correct answer Spill start time, spill end time and spill rate Providing a plan and schedule to properly manage, operate and maintain all parts of the sanitary sewer system is the goal of a: - correct answer A sewer system management plan (SSMP) What are the basics elements of a safety program? - correct answer Safety policy, statement, safety training, accident investigation What factor m...

5.0

(1)

19 pages

Written in 2023/2024

Grade A+

favouredone

NYREI School Exam Questions and Answers (100%Correct Solutions). What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent co...

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8 pages

Written in 2023/2024

Grade A+

Tutorexpert01

Chapter 1 - correct answers--According to IRS, salespersons are independent contractors (earnings for 1099) Statutory Non-employees Keep records for 3 years Salesperson - 18 +, Broker - 20+ Receive commissions from supervising broker ONLY Broker cannot schedule them or require meetings - only regular supervision Chapter 2, 3, 4 - correct answers--Principal/ Client - hires agent While customer can see multiple brokers, clients cannot. Licensees are special, not general ...

4.0

(1)

11 pages

Written in 2023/2024

Grade A+

favouredone

transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) - correct answers--C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The borrower is giving the lender security or collateral interests in the property. Because those rights and interests belong to the borrower and they are surr...

4.0

(1)

8 pages

Written in 2023/2024

Grade A+

favouredone

A vertical piece used to frame a structure is called a: - correct answers--stud What are horizontal parallel framing boards used to support floor loads? - correct answers--joist With regard to residential insulation, what does R- value refer to? - correct answers--resistant to heat transfer What is the standard ventilation rate? - correct answers--15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - correct answers--Forced warm air sy...

5.0

(1)

16 pages

Written in 2023/2024

Grade A+

favouredone

The STAR program provides a partial exemption to NYS homeowners for: A. school district taxes B. special assessment taxes C. county property taxes D. capital gains taxes - correct answers--school district taxes A licensee attempts to get listings by telling homeowners in a neighborhood that their property values will decline when a group of immigrants move in. The licensee could be found guilty of A. Blockbusting B. Steering C. Boycotting D. Redlining - correct answers--Blockbus...

4.0

(1)

21 pages

Written in 2023/2024

Grade A+

favouredone

For the income approach to appraisal, value is a reference to what? - correct answers--the worth of the investment Which method of property description is most frequently used in New York State? - correct answers--Metes and bounds One important characteristic of investing caused Bill to invest in certificates of deposit rather than real estate. Bill was concerned with - correct answers--liquidity. Who sets the legal description? - correct answers--surveyor Dwelling policies gener...

4.0

(1)

7 pages

Written in 2023/2024

Grade A+

favouredone

A leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - correct answers--Periodic tenancy Physical land and everything attached to it is called - correct answers--Real Estate Equipment a tenant installs for use in his or her business is called - correct answers--Trade fixture The illegal practice of inducing homeowners to sell their homes (Usually at a deflated price) by suggesting the ethinic or racial com...

5.0

(1)

67 pages

Written in 2023/2024

Grade A+

favouredone

NYREI School Exam questions and answers well illustrated.REVIEW QUESTIONS FOR NY REAL ESTATE EXAM questions and answers well illustrated.NYREI Exam Prep questions and answers 100% guaranteed success.New York State Real Estate Salesperson Licensing Exam questions and answers well illustrated.NYREI School Exam questions and answers 100% verified.

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9 items

Prose1

What is the minimum licensing requirement to sell commercial real estate in New York? - ans a real estate salesperson's license What is the preferred method of creating an agency relationship? - ans expressed agency An amenity purchaser - ans occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ans real / deed A salesperson who is an independent contractor - ans is not subject to withholding requirem...

2.0

(1)

8 pages

Written in 2025/2026

Grade A+

Prose1

NYREI School Exam questions and answers well illustrated.REVIEW QUESTIONS FOR NY REAL ESTATE EXAM questions and answers well illustrated.NYREI Exam Prep questions and answers 100% guaranteed success.New York State Real Estate Salesperson Licensing Exam questions and answers well illustrated.NYREI School Exam questions and answers 100% verified.

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8 items

Lectsadh

NYREI School Exam questions and answers well illustrated. What is the minimum licensing requirement to sell commercial real estate in New York? - correct answers.a real estate salesperson's license What is the preferred method of creating an agency relationship? - correct ssed agency An amenity purchaser - correct ies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - correct / deed A salesperson who ...

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6 pages

Written in 2023/2024

Grade A+

Lectsadh

NYREI School Exam questions and answers 100% verified. What is the minimum licensing requirement to sell commercial real estate in New York? - correct answers.a real estate salesperson's license What is the preferred method of creating an agency relationship? - correct ssed agency An amenity purchaser - correct ies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - correct / deed A salesperson who is an...

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6 pages

Written in 2023/2024

Grade A+

Lectsadh

A vertical piece used to frame a structure is called a: - ANSWER stud What are horizontal parallel framing boards used to support floor loads? - ANSWER joist With regard to residential insulation, what does R- value refer to? - ANSWER resistant to heat transfer What is the standard ventilation rate? - ANSWER 15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - ANSWER Forced warm air system As a measure of the force that pushes electrici...

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11 pages

Written in 2023/2024

Grade A+

Papersbylee

What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent contractor - ANSWER is not subject to withholding requirements....

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6 pages

Written in 2023/2024

Grade A+

Papersbylee

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

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13 pages

Written in 2023/2024

Grade A

ExcellentScores