- Study guides, Class notes & Summaries

Pass the New York State Exam Chapter 2 Exam ACTUAL QUESTIONS AND CORRECT ANSWERS General Agent - CORRECT ANSWER Someone authorized to transact every kind of business for the principal.Example: Property Manager Special Agent - CORRECT ANSWER An agent with limited authority to act on behalf of the principal, such as created by a listing.Example: Real Estate Agent / Real Estate Broker

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7 pages

Written in 2024/2025

Grade A+

STANFORDTOPGRADES

RealEstate U Pass the New York State Exam (v.2) Exam ACTUAL QUESTIONS AND CORRECT ANSWERS Which of the following is NOT exempt from obtaining a license? - CORRECT ANSWER A licensed attorney acting as a sponsor to a real estate salesperson 2 A real estate salespersons license must be renewed every .........years

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8 pages

Written in 2024/2025

Grade A+

STANFORDTOPGRADES

RealEstateU: Texas Real Estate Principles Part 1 Final Exam ACTUAL QUESTIONS AND CORRECT ANSWERS supply - CORRECT ANSWER The amount of goods offered for sale within a given market at a given price during a given time period. General Agent - CORRECT ANSWER of agent?

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9 pages

Written in 2024/2025

Grade A+

STANFORDTOPGRADES

©FYNDLAY 2025 ALL RIGHTS RESERVED 11:49 AM A+ 1 | P a g e RealEstateU: Texas Real Estate Principles Part 1 Final Exam Questions And Answers |Latest 2025 | Guaranteed Pass Supply - AnswerThe amount of goods offered for sale within a given market at a given price during a given time period. General Agent - AnswerA property manager is an example of what type of agent? Special Agent - AnswerA real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - A...

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9 pages

Written in 2024/2025

Grade A+

Fyndlay

Realestateu Final Exam Questions And Answers Latest Update 2024/2025

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13 pages

Written in 2024/2025

Grade A+

Schoolflix

supply - Answer-The amount of goods offered for sale within a given market at a given price during a given time period. General Agent - Answer-A property manager is an example of what type of agent? Special Agent - Answer-A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - Answer-The general uses of real property include the following: Market Comparison Approach - Answer-A means of comparing similar type properties would have recently so...

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6 pages

Written in 2023/2024

Grade A+

GEEKA

RealEstateU Test Questions And Answers @ 2024...

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12 pages

Written in 2023/2024

Grade A+

Easton

Real Estate U Packaged Exams With Verified Solutions Graded A+...

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10 items

Stetson

RealEstateU Test Questions And Correct Answers @ 2024...

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11 pages

Written in 2023/2024

Grade A+

Stetson

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - correct answer A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - correct answer He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? - correct answer If the tenant has loud...

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18 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Why is there a high demand for property managers in Florida? - correct answer Absentee owners One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal process is known as a/an? - correct answer Appraiser What is dedication? - correct answer Giving up private land for public use An organization with at least one real estate broker acting as the agent for oth...

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15 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Which of the following are tax-deductible expenses resulting from home ownership? - correct answer Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? - correct answer A married couple can use the $500,000 joint exemption if only one meets the ownership requirement, but BOTH meet the occupancy requirement A homeowner in NC had constructed a three-bedroom house w...

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6 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Article 12-A of the NYS Real Property Law - correct 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 - correct answer A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - correct answer Obtained after your register ...

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12 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Article 12 A - correct answer NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - correct answer Broker that holds salesperson license Summary of Submission - correct answer Paper you get after registering for NYS test. Bring to tes with you Misedemanor - correct answer Crime with no more than 1 year prison or $1,000 fine Listing Agreement - correct answer Agreement between salesperson and property owner, ...

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9 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

- 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 - correct answer Article 12-A of the NYS Real Property Law - A licensed real estate broker that holds the license of a salesperson. - correct answer Sponsor - Obtained after you register for the New York State Salesperson exam usin...

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23 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Article 12-A of the NYS Real Property Law - correct answer - Primary person 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 - correct answer A licensed real estate broker that holds the license of a salesperson "Summary of you Submission" - correct answer Obtained after you register for the New York State Salesperson exam using eAccessNY. You must bring you "Summary of your Submission...

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11 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses is known as...? - correct answer Administrative Discipline To mingle or mix funds is known as what...? - correct answer Commingling Chris is a real estate broker involved in a residential transaction. When Chris illegally places his client's funds into his personal account, what is he engaged in...? - correct answer Commingling of Funds The ...

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73 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - correct answer A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - correct answer Broker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Car...

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59 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

The Department of State - correct 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 - correct answer Outlines the roles/duties of the Department of State Commissions - correct answer - Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. - A typical commissio...

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19 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Which of the following is NOT exempt from obtaining a license? - correct answer A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. - correct answer 2 A real estate salesperson operates as what type of agent to their client? - correct answer Special Agent According to this, a broker may be held responsible for the unlawful actions of his/her salespersons? - correct answer Vicarious Liabilit...

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7 pages

Written in 2023/2024

Grade A+

RapidPassAcademy