New york real estate Study guides, Class notes & Summaries

NEW YORK REAL ESTATE EXAM OFFICAL STUDY GUIDE QUESTION AND ANSWERS (VERIFIED ANSWERS)

New York Real estate exam Official study guide

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 would require a real estate license in New York a. Sale of one's own pr...

NEW YORK REAL ESTATE EXAM PREP

New York Real Estate Exam Questions and Answers

The name of the statue that protects the public from unscrupulous salespersons and brokers is - Article 12 of the real property law A real esate brokers license term is - 2 years To become a real estate salesperson in new york one must - Find a sponsoring broker The end of a license term for a real estate person is - 2 years from issue date If a brokers license is revoked the salespersons license - Is suspended until the licensee finds another broker If a salespersons license is r...

Article 12A: NYS Real Property Law - Answer- "Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption - Answer- -profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property Condition Disclosure Statement - Answer- - 6 page statement seller mus...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...

New York Real Estate Salesperson Exam Questions and Answers Article 12A: NYS Real Property Law - Answer ️️ -"Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption - Answer ️️ --profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property ...

New York Real Estate Exam