- Study guides, Class notes & Summaries

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 A property manager is an example of what type of agent? Special Agent - correct answer A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - correct answer The general uses of real property include the following: Market Comparison Approach - correct answer A means of compar...

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8 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

Department of State responsibility? - correct answer Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines - correct answer Roles and responsibilities of department of state. Typical commission in NY? - correct answer 6% Commissions are ______ and determined by____? - correct answer -Negotiable -both client and broker Blind ad - correct answer An ad that remains anonymous as to who is ...

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11 pages

Written in 2023/2024

Grade A+

RapidPassAcademy

REAL ESTATE U/REAL ESTATE/NY STATE RealEstateU EXAMS - QUESTIONS AND ANSWERS - PACKAGE DEAL

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14 items

AccurateScores

RealEstateU Test/122 Questions with accurate solutions

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9 pages

Written in 2023/2024

Grade A+

AccurateScores

The execution of a contract by which the contracting parties are automatically discharged of their obligations under it is known as...? - Answer- Performance Which of the following is an example of consideration? - Answer- Money, personal services, cash A State law requiring certain contracts to be in writing and signed before they will be enforceable at law is known as the? - Answer- Statute of Frauds Which of the following is an example of a forbearance contract? - Answer- Options con...

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16 pages

Written in 2023/2024

Grade A+

QUEENSEXAMS

Which of the following is NOT exempt from obtaining a license? A.A license attorney admitted to the NYS Bar B.Public officers C.A court ordered official D.A licensed attorney acting as a sponsor to a real estate salesperson - ANSWER-A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. A.1 B.2 C.3 D.4 - ANSWER-2 A real estate salesperson operates as what type of agent to their client? A.Special...

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11 pages

Written in 2023/2024

Grade A+

STUVIASCORES

Real Estate U Final Exam STUDY BUNDLE|2023-2024 Questions and Answers (Already Graded A)Real Estate U Final Exam STUDY BUNDLE|2023-2024 Questions and Answers (Already Graded A)Real Estate U Final Exam STUDY BUNDLE|2023-2024 Questions and Answers (Already Graded A)Real Estate U Final Exam STUDY BUNDLE|2023-2024 Questions and Answers (Already Graded

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9 items

NursingTutor1

RealEstateU Exam 3 Questions and Answers (Graded A)RealEstateU Exam 3 Questions and Answers (Graded A)RealEstateU Exam 3 Questions and Answers (Graded A)RealEstateU Exam 3 Questions and Answers (Graded A)RealEstateU Exam 3 Questions and Answers (Graded A)RealEstateU Exam 3 Questions and Answers (Graded A) Which of the following is NOT exempt from obtaining a license? A.A license attorney admitted to the NYS Bar B.Public officers C.A court ordered official D.A licensed attorney acting as a s...

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11 pages

Written in 2023/2024

Grade A+

NursingTutor1

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. ...

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8 pages

Written in 2022/2023

Grade A+

GEEKA

Brokerage - Answer- The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate Real Estate Broker - Answer- A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee Real Estate Salesperson - Answer- A person performing any of the acts included in the definition of real estate broker but while associated with and supervised by a broker. Resid...

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6 pages

Written in 2022/2023

Grade A+

GEEKA