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NY REAL ESTATE Actual Exam Test Bank Newest
2025/2026 Complete 100 Questions And Correct
Detailed Answers (Verified Answers) |Already
Graded A+||Brand New Version!!
Which of the following is considered a fixed operating
expense? utilities, cleaning expenses, insurance
premiums, management fees. - .....ANSWER ...✔✔
Insurance Premiums
What is overage rent? - .....ANSWER ...✔✔ Rent
calculated on a percentage of sales volume
what is the amount a buyer owes at closing equal to? -
.....ANSWER ...✔✔ The excess of the buyers debits
over the buyers credits
real estate agents are typically what kind of agent -
.....ANSWER ...✔✔ special agent
what is the employment contract between a property
manager and owner called - .....ANSWER ...✔✔
management agreement
,2|Page
the first fine for a violation of federal fair housing law
could be as much as what amount - .....ANSWER
...✔✔ 10,000
what is a feature of a deed condition - .....ANSWER
...✔✔ it gives the grantor the right to re possess the
property if the grantee violates the condition
according to truth in lending, a lender must disclose all
of the following except service charges points loan
origination fee brokers commission - .....ANSWER
...✔✔ brokers commission
if a landlord terminates a lease illegally what type of
suit would a tenant file to comply with violated terms -
.....ANSWER ...✔✔ specific performance
what must a listing agent do before entering into a
cooperative agreement creating a subagency -
.....ANSWER ...✔✔ obtain the informed consent of the
seller
,3|Page
what is the minimum period of time over which the
owner of an apartment building can depreciate the
improvements? - .....ANSWER ...✔✔ 27.5 years
who pays the real estate taxes for a condominium -
.....ANSWER ...✔✔ condominium owner
which type of property usually has the longest lease
term - .....ANSWER ...✔✔ industrial
what is a policy that protects against claims above and
beyond the amount covered by primary policies -
.....ANSWER ...✔✔ umbrella
what is the amount of the surety bond that a mortgage
broker must furnish when applying for licensure in NYS
- .....ANSWER ...✔✔ 10,000
A section contains how many acres - .....ANSWER
...✔✔ 640
seller will retain title to the property until buyer has
paid in full. what kind of contract do seller and buyer
have? - .....ANSWER ...✔✔ land contract
, 4|Page
who are the essential parties involved in an estate in
trust - .....ANSWER ...✔✔ trustor trustee and
beneficiary
allison is moving into a new condo. which of these
documents does not apply to her purchase -
.....ANSWER ...✔✔ stock certificate
what is the difference between a balloon loan and an
amortized loan - .....ANSWER ...✔✔ an amortized loan
is paid off by the end of the term
a daycare center is allowed to open in a residentially
zoned area. what is this an example of - .....ANSWER
...✔✔ special use permit
which of these citites is the board not required to hold a
public hearing each year? albany buffalo nyc rochester
- .....ANSWER ...✔✔ rochachacha
in which of these places is asbestos not likely to be
found? roofing, adhesives in pressed wood, textured
paint, vinyl floor tiles - .....ANSWER ...✔✔ adhesives
in pressed wood
NY REAL ESTATE Actual Exam Test Bank Newest
2025/2026 Complete 100 Questions And Correct
Detailed Answers (Verified Answers) |Already
Graded A+||Brand New Version!!
Which of the following is considered a fixed operating
expense? utilities, cleaning expenses, insurance
premiums, management fees. - .....ANSWER ...✔✔
Insurance Premiums
What is overage rent? - .....ANSWER ...✔✔ Rent
calculated on a percentage of sales volume
what is the amount a buyer owes at closing equal to? -
.....ANSWER ...✔✔ The excess of the buyers debits
over the buyers credits
real estate agents are typically what kind of agent -
.....ANSWER ...✔✔ special agent
what is the employment contract between a property
manager and owner called - .....ANSWER ...✔✔
management agreement
,2|Page
the first fine for a violation of federal fair housing law
could be as much as what amount - .....ANSWER
...✔✔ 10,000
what is a feature of a deed condition - .....ANSWER
...✔✔ it gives the grantor the right to re possess the
property if the grantee violates the condition
according to truth in lending, a lender must disclose all
of the following except service charges points loan
origination fee brokers commission - .....ANSWER
...✔✔ brokers commission
if a landlord terminates a lease illegally what type of
suit would a tenant file to comply with violated terms -
.....ANSWER ...✔✔ specific performance
what must a listing agent do before entering into a
cooperative agreement creating a subagency -
.....ANSWER ...✔✔ obtain the informed consent of the
seller
,3|Page
what is the minimum period of time over which the
owner of an apartment building can depreciate the
improvements? - .....ANSWER ...✔✔ 27.5 years
who pays the real estate taxes for a condominium -
.....ANSWER ...✔✔ condominium owner
which type of property usually has the longest lease
term - .....ANSWER ...✔✔ industrial
what is a policy that protects against claims above and
beyond the amount covered by primary policies -
.....ANSWER ...✔✔ umbrella
what is the amount of the surety bond that a mortgage
broker must furnish when applying for licensure in NYS
- .....ANSWER ...✔✔ 10,000
A section contains how many acres - .....ANSWER
...✔✔ 640
seller will retain title to the property until buyer has
paid in full. what kind of contract do seller and buyer
have? - .....ANSWER ...✔✔ land contract
, 4|Page
who are the essential parties involved in an estate in
trust - .....ANSWER ...✔✔ trustor trustee and
beneficiary
allison is moving into a new condo. which of these
documents does not apply to her purchase -
.....ANSWER ...✔✔ stock certificate
what is the difference between a balloon loan and an
amortized loan - .....ANSWER ...✔✔ an amortized loan
is paid off by the end of the term
a daycare center is allowed to open in a residentially
zoned area. what is this an example of - .....ANSWER
...✔✔ special use permit
which of these citites is the board not required to hold a
public hearing each year? albany buffalo nyc rochester
- .....ANSWER ...✔✔ rochachacha
in which of these places is asbestos not likely to be
found? roofing, adhesives in pressed wood, textured
paint, vinyl floor tiles - .....ANSWER ...✔✔ adhesives
in pressed wood
