NYS Real Estate Practice Exam /
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Terms in this set (180)
The amount of current Amps
available in a structure?
An apartment building has a Functional Obsolescence
heating system which
although is in good repair,
does not meet the needs
of its current tenants, is an
example of what?
Yes
Are Real Estate brokers
also required to take the
CE classes?
As a licensing Sponsoring Broker
salesperson, I can receive
compensation from my?
,As an estate planner, I am Universal Agent
what kind of agent?
As an independent no
contractor are you paid for
the hours you put into a
deal, or for
"production'?
As a property manager I am A General Agent
what kind of agent?
As a real estate licensee you Independent contractor, 1099, Schedule C
will more often than not be
an ________, will receive a
____________ and will file a
_____________
As a real estate sales Special Agent
person I am what kind of
agent?
As a real estate sales 2 years
person, you have to take
continuing ed classes
every?
Attorneys admitted to the Exempt
bar in NYS are _____ from
the licensure law, unless
they take on sales people
18
At what age can you
become a real estate
salesperson?
At what moment should you At first Substantive Contact
take out the Agency
Disclosure form?
, A banker decided not to lend Red-lining
in a community because of
the infusion of people of a
particular race, religion, or
nationality. What is this
called?
Bent pieces of metal to Flashing
waterproof a house?
The borrower is called The mortgagor
A BTU, British Thermal Unit, Heat Energy
Is a measurement of what?
a building has 10,000 10,000-8,000/10,000=.20 or 20 %
rentable square feet and
8,000 usuable square feet.
What is the loss factor?
A building that includes Condop
condominium and
cooperative ownership is
called?
Circuit Breakers Fuses
and________ both serve
the same function?
A CMA is not an ? Appraisal
Commercial space is very Net lease
often rented out using a
_________lease
Actual Exam Questions with Certified
Solutions / Newest
Practice questions for this set
Learn
Studied terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (180)
The amount of current Amps
available in a structure?
An apartment building has a Functional Obsolescence
heating system which
although is in good repair,
does not meet the needs
of its current tenants, is an
example of what?
Yes
Are Real Estate brokers
also required to take the
CE classes?
As a licensing Sponsoring Broker
salesperson, I can receive
compensation from my?
,As an estate planner, I am Universal Agent
what kind of agent?
As an independent no
contractor are you paid for
the hours you put into a
deal, or for
"production'?
As a property manager I am A General Agent
what kind of agent?
As a real estate licensee you Independent contractor, 1099, Schedule C
will more often than not be
an ________, will receive a
____________ and will file a
_____________
As a real estate sales Special Agent
person I am what kind of
agent?
As a real estate sales 2 years
person, you have to take
continuing ed classes
every?
Attorneys admitted to the Exempt
bar in NYS are _____ from
the licensure law, unless
they take on sales people
18
At what age can you
become a real estate
salesperson?
At what moment should you At first Substantive Contact
take out the Agency
Disclosure form?
, A banker decided not to lend Red-lining
in a community because of
the infusion of people of a
particular race, religion, or
nationality. What is this
called?
Bent pieces of metal to Flashing
waterproof a house?
The borrower is called The mortgagor
A BTU, British Thermal Unit, Heat Energy
Is a measurement of what?
a building has 10,000 10,000-8,000/10,000=.20 or 20 %
rentable square feet and
8,000 usuable square feet.
What is the loss factor?
A building that includes Condop
condominium and
cooperative ownership is
called?
Circuit Breakers Fuses
and________ both serve
the same function?
A CMA is not an ? Appraisal
Commercial space is very Net lease
often rented out using a
_________lease
