Study guides, Class notes & Summaries

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding re...

What is the minimum licensing requirement to sell commercial real estate in New York? - ans a real estate salesperson's license What is the preferred method of creating an agency relationship? - ans expressed agency An amenity purchaser - ans occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ans real / deed A salesperson who is an independent contractor - ans is not subject to withholding requireme...

What is the minimum licensing requirement to sell commercial real estate in New York? - CORRECT ANSWER - a real estate salesperson's license What is the preferred method of creating an agency relationship? - CORRECT ANSWER - expressed agency An amenity purchaser - CORRECT ANSWER - occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - CORRECT ANSWER - real / deed A salesperson who is an independent contractor - CORRECT AN...

NYREI School Exam Questions and Answers (100% Verified) Latest 2024/2025 Graded. What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an...

NYREI School Exam Questions and Answers (100%Correct Solutions). What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent co...

NYREI School Exam Questions and Answers (100%Correct Solutions). What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent co...

In order to accurately estimate the flow of a sanitary sewer overflow (SSO) you must have: - correct answer Spill start time, spill end time and spill rate Providing a plan and schedule to properly manage, operate and maintain all parts of the sanitary sewer system is the goal of a: - correct answer A sewer system management plan (SSMP) What are the basics elements of a safety program? - correct answer Safety policy, statement, safety training, accident investigation What factor m...

NYREI School Exam Questions and Answers (100%Correct Solutions). What is the minimum licensing requirement to sell commercial real estate in New York? - ANSWER a real estate salesperson's license What is the preferred method of creating an agency relationship? - ANSWER expressed agency An amenity purchaser - ANSWER occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ANSWER real / deed A salesperson who is an independent co...

Chapter 1 - correct answers--According to IRS, salespersons are independent contractors (earnings for 1099) Statutory Non-employees Keep records for 3 years Salesperson - 18 +, Broker - 20+ Receive commissions from supervising broker ONLY Broker cannot schedule them or require meetings - only regular supervision Chapter 2, 3, 4 - correct answers--Principal/ Client - hires agent While customer can see multiple brokers, clients cannot. Licensees are special, not general ...

transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) - correct answers--C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The borrower is giving the lender security or collateral interests in the property. Because those rights and interests belong to the borrower and they are surr...

A vertical piece used to frame a structure is called a: - correct answers--stud What are horizontal parallel framing boards used to support floor loads? - correct answers--joist With regard to residential insulation, what does R- value refer to? - correct answers--resistant to heat transfer What is the standard ventilation rate? - correct answers--15 cubic feet per min (CFM) per person What system delivers heat and AC through the same ducts? - correct answers--Forced warm air sy...

The STAR program provides a partial exemption to NYS homeowners for: A. school district taxes B. special assessment taxes C. county property taxes D. capital gains taxes - correct answers--school district taxes A licensee attempts to get listings by telling homeowners in a neighborhood that their property values will decline when a group of immigrants move in. The licensee could be found guilty of A. Blockbusting B. Steering C. Boycotting D. Redlining - correct answers--Blockbus...