New York State Real Estate Salesperson |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Licensing Exam with correct answers |||\\\ |||\\\ |||\\\ |||\\\
In NYS, how old must one be to enter into contracts? - correct answers18
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What other capability should they possess? - correct answersMental and emotional capability
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What happens if one of the parties to the contract is a minor? - correct answersThe contract is
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voidable by the minor
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What does the zoning board of appeals do? - correct answersGrants variances
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What regulates construction standards in NYS? - correct answersBuilding codes
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What does municipal engineer's office do? - correct answersOversees planning and
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construction of major highways, sweet systems and water connections |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
If a property ad states that the property is near the vicinity of a geographical area, what else
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mud the ad include? - correct answersIt must include the name of the geographical area
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where the property is actually located |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Who is usually exempt from property taxes? - correct answersDisabled, veterans, farmers,
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elderly gold star parents *kids die in the war, star program homeowners
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Who is not usually exempt from property taxes? - correct answersSecond home owners
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, What covers fully or personal property lost in a fire? - correct answersReplacement cost
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Find the square footage of a rectangular shaped floor plan. How do you find the area of a
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square/rectangle? - correct answersLength x Width = Area |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
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? - correct answers36%
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Who hires the agent? - correct answersPrincipal or client
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What is not a CMA (Comparative Market Analysis?) - correct answersAn apprasial
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What cannot a salesperson do? - correct answersCollect money directly from the client or
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customer
When should the Agency disclosure form be submitted? - correct answersAt the first
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substantive contact |||\\\
Which document describes the agency (who he or she represents) of the salesperson? - correct
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answersAgency disclosure form
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What is another name for the slope of a roof? - correct answersPitch
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What carcinogenic component was used as insulation in electric transformers that
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contaminated soil and ground water? - correct answersPCB's or polychlorinated biphenyls |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Licensing Exam with correct answers |||\\\ |||\\\ |||\\\ |||\\\
In NYS, how old must one be to enter into contracts? - correct answers18
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What other capability should they possess? - correct answersMental and emotional capability
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What happens if one of the parties to the contract is a minor? - correct answersThe contract is
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
voidable by the minor
|||\\\ |||\\\ |||\\\ |||\\\
What does the zoning board of appeals do? - correct answersGrants variances
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What regulates construction standards in NYS? - correct answersBuilding codes
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What does municipal engineer's office do? - correct answersOversees planning and
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
construction of major highways, sweet systems and water connections |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
If a property ad states that the property is near the vicinity of a geographical area, what else
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
mud the ad include? - correct answersIt must include the name of the geographical area
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
where the property is actually located |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Who is usually exempt from property taxes? - correct answersDisabled, veterans, farmers,
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
elderly gold star parents *kids die in the war, star program homeowners
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Who is not usually exempt from property taxes? - correct answersSecond home owners
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
, What covers fully or personal property lost in a fire? - correct answersReplacement cost
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Find the square footage of a rectangular shaped floor plan. How do you find the area of a
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
square/rectangle? - correct answersLength x Width = Area |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
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? - correct answers36%
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Who hires the agent? - correct answersPrincipal or client
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What is not a CMA (Comparative Market Analysis?) - correct answersAn apprasial
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What cannot a salesperson do? - correct answersCollect money directly from the client or
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
customer
When should the Agency disclosure form be submitted? - correct answersAt the first
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
substantive contact |||\\\
Which document describes the agency (who he or she represents) of the salesperson? - correct
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
answersAgency disclosure form
|||\\\ |||\\\ |||\\\ |||\\\
What is another name for the slope of a roof? - correct answersPitch
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What carcinogenic component was used as insulation in electric transformers that
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contaminated soil and ground water? - correct answersPCB's or polychlorinated biphenyls |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
