NYS Real Estate State Exam (Multiple Choice)
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Terms in this set (47)
An agency relationship is c) agreement between the principal and the
determined by: agent
a) the source of compensation
b) how well the parties know each
other
c) agreement between the principal
and the agent
d) first substantive contract
Heat from outside air is utilized c) heat pump
through a:
a.reverse conditioner
b.passive solar system
c.heat pump
d.cold air return
, An automatic renewal clause in a d) requires notice from the landlord calling the
lease is. tenants attention to the clause.
a.is not allowed on rent-stabilized
apartments
b.is granted every tenant in a
building with four or more units
c.is illegal in New York State
d.requires notice from the landlord
calling the tenants attention to the
clause.
When listing a property, ABC Realty a) exclusive-right-to-sell listing
best protects its chances of earning
a commission if the listing is a:
a.exclusive-right-to-sell listing
b.for sale by owner
c.exclusive-agency listing
d.open listing
Real Property Law section 443 a) sale or lease of one to four-unit residential
disclosure requirements apply only properties
to:
a.sale or lease of one to four-unit
residential properties
b.all types of real estate
transactions
c.mortgage financing arrangements
d.commercial properties
(Latest Update) Questions & Correct
Answers (100% Correct Verified Answers)
Already Graded A+
Save
Terms in this set (47)
An agency relationship is c) agreement between the principal and the
determined by: agent
a) the source of compensation
b) how well the parties know each
other
c) agreement between the principal
and the agent
d) first substantive contract
Heat from outside air is utilized c) heat pump
through a:
a.reverse conditioner
b.passive solar system
c.heat pump
d.cold air return
, An automatic renewal clause in a d) requires notice from the landlord calling the
lease is. tenants attention to the clause.
a.is not allowed on rent-stabilized
apartments
b.is granted every tenant in a
building with four or more units
c.is illegal in New York State
d.requires notice from the landlord
calling the tenants attention to the
clause.
When listing a property, ABC Realty a) exclusive-right-to-sell listing
best protects its chances of earning
a commission if the listing is a:
a.exclusive-right-to-sell listing
b.for sale by owner
c.exclusive-agency listing
d.open listing
Real Property Law section 443 a) sale or lease of one to four-unit residential
disclosure requirements apply only properties
to:
a.sale or lease of one to four-unit
residential properties
b.all types of real estate
transactions
c.mortgage financing arrangements
d.commercial properties
