New York State Real Estate Salesperson Licensing Exam with Verified
Solutions
1. In NYS, how old must one be to enter into 18
contracts?
2. What other capability should they possess? Mental and emotional ca-
pability
3. What happens if one of the parties to the con- The contract is voidable by
tract is a minor? the minor
4. What does the zoning board of appeals do? Grants variances
5. What regulates construction standards in Building codes
NYS?
6. What does municipal engineer's office do? Oversees planning and
construction of major high-
ways, sweet systems and
water connections
7. If a property ad states that the property is near It must include the name
the vicinity of a geographical area, what else of the geographical area
mud the ad include? where the property is actu-
ally located
8. Who is usually exempt from property taxes? Disabled, veterans, farm-
ers, elderly gold star par-
ents *kids die in the war,
star program homeowners
9. Who is not usually exempt from property tax- Second home owners
es?
10. What covers fully or personal property lost in Replacement cost
a fire?
11. Find the square footage of a rectangular Length x Width = Area
shaped floor plan. How do you find the area of
a square/rectangle?
12. 36%
1/7
, New York State Real Estate Salesperson Licensing Exam with Verified
Solutions
What is the cash on cash return on a
$2,000,000 property with a down payment of
$500,000 and $15,000 monthly rental income?
13. Who hires the agent? Principal or client
14. What is not a CMA (Comparative Market Analy- An apprasial
sis?)
15. What cannot a salesperson do? Collect money directly
from the client or customer
16. When should the Agency disclosure form be At the first substantive
submitted? contact
17. Which document describes the agency (who Agency disclosure form
he or she represents) of the salesperson?
18. What is another name for the slope of a roof? Pitch
19. What carcinogenic component was used as PCB's or polychlorinated
insulation in electric transformers that conta- biphenyls
minated soil and ground water?
20. What can brokers provide their salespeople if Office phone
they are independent contractors?
21. Whats right to access whiter from a river or Riparian
stream called?
22. What did the civil rights act of 1866 protect Race
without exception?
23. What did the 1988 amendment to the civil Disability and familial sta-
rights act protect? tus
24. What is convincing owners to sell/lease prop- Blockbusting
erty by telling them a particular group of peo-
ple are moving into the area called?
2/7
Solutions
1. In NYS, how old must one be to enter into 18
contracts?
2. What other capability should they possess? Mental and emotional ca-
pability
3. What happens if one of the parties to the con- The contract is voidable by
tract is a minor? the minor
4. What does the zoning board of appeals do? Grants variances
5. What regulates construction standards in Building codes
NYS?
6. What does municipal engineer's office do? Oversees planning and
construction of major high-
ways, sweet systems and
water connections
7. If a property ad states that the property is near It must include the name
the vicinity of a geographical area, what else of the geographical area
mud the ad include? where the property is actu-
ally located
8. Who is usually exempt from property taxes? Disabled, veterans, farm-
ers, elderly gold star par-
ents *kids die in the war,
star program homeowners
9. Who is not usually exempt from property tax- Second home owners
es?
10. What covers fully or personal property lost in Replacement cost
a fire?
11. Find the square footage of a rectangular Length x Width = Area
shaped floor plan. How do you find the area of
a square/rectangle?
12. 36%
1/7
, New York State Real Estate Salesperson Licensing Exam with Verified
Solutions
What is the cash on cash return on a
$2,000,000 property with a down payment of
$500,000 and $15,000 monthly rental income?
13. Who hires the agent? Principal or client
14. What is not a CMA (Comparative Market Analy- An apprasial
sis?)
15. What cannot a salesperson do? Collect money directly
from the client or customer
16. When should the Agency disclosure form be At the first substantive
submitted? contact
17. Which document describes the agency (who Agency disclosure form
he or she represents) of the salesperson?
18. What is another name for the slope of a roof? Pitch
19. What carcinogenic component was used as PCB's or polychlorinated
insulation in electric transformers that conta- biphenyls
minated soil and ground water?
20. What can brokers provide their salespeople if Office phone
they are independent contractors?
21. Whats right to access whiter from a river or Riparian
stream called?
22. What did the civil rights act of 1866 protect Race
without exception?
23. What did the 1988 amendment to the civil Disability and familial sta-
rights act protect? tus
24. What is convincing owners to sell/lease prop- Blockbusting
erty by telling them a particular group of peo-
ple are moving into the area called?
2/7
