NY real estate express practice exam

Sellers market their property using a __________. - CORRECT ANSWER-listing agreement When the licensee has a buyer brokerage agreement with a purchaser, he or she must represent the best interests of the ___ rather than the ___. - CORRECT ANSWER-buyer,seller In most cases, buyers cannot make a purchase without ____ at least some part of the transaction. - CORRECT ANSWER-financing Buyer gets the ____ to the property, seller gets the _____ from the sale, and the broker gets a _____. - CORRECT ANSWER-deed, proceeds, commission The DOS is responsible for the ___, _____ and _____ of a number of occupations - CORRECT ANSWER-licensure, registration, regulation The Mission of the DOS is... - CORRECT ANSWER-To protect the health, safety and welfare of consumers. To provide efficient processing and examination services to license applicants. To provide accurate information and qualified licensees to the business community. The DOS is allowed to reprimand a real estate broker if: - CORRECT ANSWER-Violated any provision of Article 12-A of the Real Property Law. Engaged in fraud or fraudulent practices. Demonstrated untrustworthiness or incompetence. The Board consists o