New York State Real Estate Salesperson Licensing

New York Real Estate Institute

Here are the best resources to pass New York State Real Estate Salesperson Licensing. Find New York State Real Estate Salesperson Licensing study guides, notes, assignments, and much more.

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New York Real Estate Exam Prep**53 questions| WITH COMPLETE SOLUTIONS
  • New York Real Estate Exam Prep**53 questions| WITH COMPLETE SOLUTIONS

  • Exam (elaborations) • 9 pages • 2022
  • The situation with the most potential for conflict is when a real estate licensee acts as a: -Dual Agent -Buyers Broker -Sellers Agent -Transaction Broker Correct Answer: -Dual Agent A seller has listed her home with a broker for $90,000, and the broker tells a prospective buyer to submit a low offer because the seller is desperate to sell. The buyer offers $85,000 and the seller accepts it. In this situations: -The broker has violated his agency relationship with the seller -The broke...
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RealEstate U Pass the New York State Exam (v.2) 2.3 Practice Exam # 3 (75 questions)
  • RealEstate U Pass the New York State Exam (v.2) 2.3 Practice Exam # 3 (75 questions)

  • Exam (elaborations) • 5 pages • 2022
  • Which of the following is NOT exempt from obtaining a license? Correct Answer: A licensed attorney acting as a sponsor to a real estate salesperson A real estate salespersons license must be renewed every .........years. Correct Answer: 2 A real estate salesperson operates as what type of agent to their client? Correct Answer: Special Agent According to this, a broker may be held responsible for the unlawful actions of his/her salespersons? Correct Answer: Vicarious Liability Thi...
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New York Real Estate Salesperson Exam| 294 questions| with complete solutions
  • New York Real Estate Salesperson Exam| 294 questions| with complete solutions

  • Exam (elaborations) • 22 pages • 2022
  • Article 12A: NYS Real Property Law Correct Answer: "Real Estate License Law" - violation is a misdemeanor punishable by loss of license, $1000 fine, revoking of license - all salespersons have license suspended - after 1 year broker can apply to get license back Capital Gains Tax Exemption Correct Answer: -profit from sale that is taxed - single person has first $250,000 tax free - married couple $500,000 tax free Property Condition Disclosure Statement Correct Answer: - 6 page...
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New York State Real Estate Salesperson Licensing Exam with COMPLETE SOLUTION
  • New York State Real Estate Salesperson Licensing Exam with COMPLETE SOLUTION

  • Exam (elaborations) • 5 pages • 2022
  • In NYS, how old must one be to enter into contracts? Correct Answer: 18 What other capability should they possess? Correct Answer: Mental and emotional capability What happens if one of the parties to the contract is a minor? Correct Answer: The contract is voidable by the minor What does the zoning board of appeals do? Correct Answer: Grants variances What regulates construction standards in NYS? Correct Answer: Building codes What does municipal engineer's office do? Corre...
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New York State Real Estate Salesperson Licensing Exam with COMPLETE SOLUTION
  • New York State Real Estate Salesperson Licensing Exam with COMPLETE SOLUTION

  • Exam (elaborations) • 7 pages • 2022
  • Available in package deal
  • In NYS, how old must one be to enter into contracts? - 18 What other capability should they possess? - Mental and emotional capability What happens if one of the parties to the contract is a minor? - The contract is voidable by the minor What does the zoning board of appeals do? - Grants variances What regulates construction standards in NYS? - Building codes What does municipal engineer's office do? - Oversees planning and construction of major highways, sweet systems and water connecti...
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  • $7.49
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