Article 12a Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Article 12a? On this page you'll find 101 study documents about Article 12a.
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New York real estate exam 2024
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New York real estate exam 2024 
The name of the statue that protects the public from unscrupulous salespersons and brokers is - 
Answer ️️ -Article 12 of the real property law 
A real esate brokers license term is - Answer ️️ -2 years 
To become a real estate salesperson in new york one must - Answer ️️ -Find a sponsoring 
broker 
The end of a license term for a real estate person is - Answer ️️ -2 years from issue date 
If a brokers license is revoked the salespersons license - ...
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Real Estate Salesperson Exam questions and answers 2023
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Real Estate Salesperson Exam questions and answers 2023Where is license law written? 
Article 12A 
 
 
 
Under NYS Real Property Law, when Dept. of State revokes a salesperson's license, the salesperson can't be relicensed until how much time has expired? 
1 year 
 
 
 
If a broker's license is taken away, what happens to the salespersons who work for him? 
Their licenses are suspended until they associate with a new broker. 
 
 
 
What could happen to somebody who breaks Article 12A? 
Loss o...
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NYREI Test Prep questions with correct answers
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Where is license law written? CORRECT ANSWER Article 12A of NY State Real Property Law 
 
Who is responsible for administrative discipline of real estate licensees? CORRECT ANSWER Department of State (DOS) or Secretary of State 
 
Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the salesperson can't be relicensed until how much time has expired? CORRECT ANSWER 1 year 
 
If a broker's license is revoked, what happens to the salespersons who work for him? CORRECT ...
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NYREI TEST PREP EXAM 2024 WITH 100% CORRECT ANSWERS
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Where is license law written? - correct answer Article 12A of NY State Real Property Law 
 
Who is responsible for administrative discipline of real estate licensees? - correct answer Department of State (DOS) or Secretary of State 
 
Under NYS Real Property Law, when Dept. of State revokes a salesperson license, the salesperson can't be relicensed until how much time has expired? - correct answer 1 year 
 
If a broker's license is revoked, what happens to the salespersons who work for h...
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NYREI EXAM 2024 WITH 100% CORRECT ANSWERS
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Who is responsible for the administration of licensing? - correct answer Secretary of State 
 
Which article of real property law deals with licensees? - correct answer Article 12A 
 
Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - correct answer Article 9A 
 
Which article of real property is is a proceeding known as a "suit to Quiet Title"? - correct answer Article 14 
 
What does section 443 of Article ...
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NYREI Important Terms Exam 2023 Questions and Answers
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NYREI Important Terms Exam 2023 
Questions and Answers 
Article 12A, Licensee: - ANSWER ️️ Article 12A is part of the NY. State Real 
Property Law known as "Real Estate License Law." And it is the article that states 
the things that can and cannot. Be done with our license. 
Capital Gains Tax Exemption - ANSWER ️️ Capital gains are profits from sale 
which are taxed. Taxpayer Relief Act, a law that says $250,000 of profit is tax-free 
(tax-exempt) for a single person and $500,000 for ...
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New York Real Estate Salesperson Exam with Verified Solutions
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Article 12A: NYS Real Property Law "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 -profit from sale that is taxed 
- single person has first $250,000 tax free 
- married couple $500,000 tax free 
Property Condition Disclosure Statement - 6 page statement seller must fill out on condition 
of property...
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New York Real Estate Salesperson Exam
- Other • 22 pages • 2023
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Article 12A: NYS Real Property Law - 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 - 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 - Answer- - 6 page statement seller mus...
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NYS REAL ESTATE EXAM 2024 QUESTIONS AND ANSWERS
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NYS REAL ESTATE EXAM 2024 
QUESTIONS AND ANSWERS 
NYS Dept of State - Answer ️️ -agency that licenses real estate agents/brokers 
Property law name - Answer ️️ -Article 12A 
Types of real estate licenses (3) - Answer ️️ -salesperson, associate broker, broker 
An associate broker... - Answer ️️ -has no broker powers 
A broker... - Answer ️️ -sponsors salespeople and associate brokers 
The salesperson's license is kept by... - Answer ️️ -the broker for whom the salesperson...
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NYREI Study Guide with complete solutions (Graded A)
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NYREI Study Guide with complete solutions (Graded A) 
Article 12A, Licensee - CORRECT ️️ -Real Estate License Law 
-Licensee is a broker or salesperson who holds a NY state real estate license 
-Can't work in real estate unless the licensee has a license broker to supervise 
-If a salesperson or broker's license is revoked, the licensee must wait 1 year to 
apply to get their license back 
Licensee - CORRECT ️️ is a broker or salesperson who holds a NY state real 
estate license 
Capit...
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