NYREI(question with complete solution)2023 updated

NYREI(question with complete solution)2023 updatedemployee - correct answer someone who works under the direction and control of another independent contractor - correct answer individual who is self employed statutory employee - correct answer independent contractors specifically classified as employees by statute for social security and medicare taxes statutory non-employees - correct answer direct sellers and licenses real estate agents; treated as independent contracts for all tax purposes if certain conditions are met administrative discipline - correct answer The New York Department of State's enforcement of license laws through reprimand and denial as well as the suspension and revocation of licenses. article 12-a - correct answer Article of New York Real Property Law, which contains most of the laws relevant to real estate brokers and salespeople. article 78 proceeding - correct answer Refers to an article of the Civil Practice Law and Rules that allows aggrieved persons to bring an action against a government body or officer. associate broker - correct answer A licensed broker who works for another broker. blind ad - correct answer An ad placed by a real estate licensee that does not include the appropriate broker indentification, often placed in order to give the illusion that property is for sale by owner.