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![Real Estate U Final Exam Study Guide And Answers Graded A+ 2024.](/docpics/5430332/66513202351ed_5430332_121_171.jpeg)
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Real Estate U Final Exam Study Guide And Answers Graded A+ 2024.
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Article 12-A of the NYS Real Property Law - Answer The section of the New York Real Property Law 
pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor - Answer A licensed real estate broker that holds the license of a salesperson. 
 
"Summary of Your Submission" - Answer Obtained after your register for the New York State 
...
![Real Estate U Final Exam Study Guide Fully Solved 2024.](/docpics/5430327/665131cae1654_5430327_121_171.jpeg)
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Real Estate U Final Exam Study Guide Fully Solved 2024.
- Exam (elaborations) • 12 pages • 2024
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Article 12-A of the NYS Real Property Law - Answer The section of the New York Real Property Law 
pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor - Answer A licensed real estate broker that holds the license of a salesperson. 
 
"Summary of Your Submission" - Answer Obtained after your register for the New York State 
...
![Real Estate U Final Exam Well Answered 100% 2024.](/docpics/5430324/6651318a7486c_5430324_121_171.jpeg)
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Real Estate U Final Exam Well Answered 100% 2024.
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Article 12 A - Answer NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . 
 
Sponsor - Answer Broker that holds salesperson license 
 
Summary of Submission - Answer Paper you get after registering for NYS test. Bring to tes with you 
 
Misedemanor - Answer Crime with no more than 1 year prison or $1,000 fine 
 
Listing Agreement - Answer Agreement between salesperson and property owner, allowing salesperson to provide services...
![Real Estate U NYS - Chapter 2 Exam 2 With Solved Solutions 2024.](/docpics/5430318/665131538894c_5430318_121_171.jpeg)
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Real Estate U NYS - Chapter 2 Exam 2 With Solved Solutions 2024.
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As an independent contractor, which of the following must exist between the salesperson and a specific broker...? 
 
A. Implied contract 
B. Explicit agreement 
C. Handshake agreement 
D. Written contract - Answer D. Written contract 
 
When a buyer's broker agrees to the cooperative arrangement of the MLS, he/she becomes what to the seller, who's property is listed on the MLS...? 
 
A. Secondary agent 
B. Primary broker 
C. Sub-agent 
D. Principal - Answer C. Sub-agent 
 
Which of the fol...
![Real Estate U NYS - Chapter 2 Exam 1 And Correct Answers 2024.](/docpics/5430307/665130ee28444_5430307_121_171.jpeg)
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Real Estate U NYS - Chapter 2 Exam 1 And Correct Answers 2024.
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According to an agent's fiduciary duties, the agent must not change or modify the financial terms of a deal. Which of the following fiduciary duties best reflects this...? 
 
A. Obedience 
B. Reasonable Care 
C. Accountability 
D. Loyalty - Answer C. Accountability 
 
A situation in which one party is held partly responsible for the unlawful actions of a third party is known as...? 
 
A. Dual Agency 
B. Principal Arrangement 
C. Undivided Loyalty 
D. Vicarious Liability - Answer D. Vicariou...
![Real Estate U NYS - Chapter 1 Exam With All Correct Answers 2024.](/docpics/5430293/665130b5472d3_5430293_121_171.jpeg)
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Real Estate U NYS - Chapter 1 Exam With All Correct Answers 2024.
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A. Not having a college diploma 
B. Being a convicted sex offender 
C. Not being able to read or write 
D. Not having any work experience in the field of real estate - Answer B. Being a convicted sex offender 
 
To mingle or mix funds is known as what...? 
 
A. Commingling 
B. Blending 
C. Sponsoring 
D. Escrow - Answer A. Commingling 
 
How often must a real estate salesperson renew his/her license...? 
 
A. 3 years 
B. 1 year 
C. 4 years 
D. 2 years - Answer D. 2 years 
 
Mark is a newly...
![Real Estate U Pass the NY State Exam Well Answered Rated A+ 2024.](/docpics/5430283/665130b2beea2_5430283_121_171.jpeg)
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Real Estate U Pass the NY State Exam Well Answered Rated A+ 2024.
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The Department of State - Answer - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action 
- Provides advertising guidelines for brokers 
 
Article 12-A of the NYS Real Property Law - Answer Outlines the roles/duties of the Department of State 
 
Commissions - Answer - Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. 
- A typical commission in New York is 6%. 
- Com...
![Real Estate U State Exam Questions With All Correct Answers 2024.](/docpics/5430275/6651303b480c0_5430275_121_171.jpeg)
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Real Estate U State Exam Questions With All Correct Answers 2024.
- Exam (elaborations) • 8 pages • 2024
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John is a licensed real estate broker in NC who is managing an apartment complex. He wants to run a promotion to help attract new tenants. Which of the following would NOT be allowed? - Answer A free month's rent given to any current tenants who recommend a friend that signs a one-year lease 
 
Remember, you cannot receive any form of compensation from an owner if you perform a real estate service for someone else. A free month's rent given to new tenants involves a form of compensation; how...
![Real Estate U Texas Principles PreP Exam And Actual Answers 2024.](/docpics/5430267/66513038cabe3_5430267_121_171.jpeg)
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Real Estate U Texas Principles PreP Exam And Actual Answers 2024.
- Exam (elaborations) • 11 pages • 2024
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Salesperson's Sponsoring Broker Answer - a real estate salesperson closes on a transaction, who pays the salespersons commission? 
 
General Agent Answer - An agent with full authority over one property of the principle. EX: Property Manager. 
 
Supply Answer - Te amount of goods offered for sale within a given market at a given price during a given period. 
 
Specific Agent Answer - Agent with limited authority to act on behalf of the principal, such as a listing. EX real estate agent....
![Real Estate U Texas Real Estate Finance Questions With Solutions Graded A+ 2024.](/docpics/5430263/66512fb6bca70_5430263_121_171.jpeg)
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Real Estate U Texas Real Estate Finance Questions With Solutions Graded A+ 2024.
- Exam (elaborations) • 80 pages • 2024
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An acceleration clause is included in which of the following...? 
The mortgage 
Both the promissory note and mortgage 
The promissory note 
The lien - Answer The promissory note? 
 
Collateral - - Answer Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. 
 
Promissory Note - - Answer Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulate...
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