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New York Real Estate Salesperson Exam Questions With Latest Answers | Updated /. 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 t...

New York State Real Estate Salesperson Licensing Exam Questions And Answers /. A coop is what type of ownership? - Answer-Leasehold /.A real estate salesperson is what type of agent? - Answer-Special /.Find the square footage of a rectangular shaped floor plan. How do you find the area of a square/rectangle? - Answer-Length x Width = Area /.How many years is a residential investment property depreciable for? - Answer-27.5 years /.How much profit can a single person claim from th...

New York State Real Estate Salesperson Licensing Exam Questions With Verified Answers /. In NYS, how old must one be to enter into contracts? - Answer-18 /.What other capability should they possess? - Answer-Mental and emotional capability /.What happens if one of the parties to the contract is a minor? - Answer-The contract is voidable by the minor /.What does the zoning board of appeals do? - Answer-Grants variances /.What regulates construction standards in NYS? - Answer-Buil...

New York State Real Estate Salesperson Licensing Exam Study Guide:New York State Real Estate Salesperson Licensing Exam: Latest Updated A+ Guide Solution /. A court renders a judgment which authorizes a lien to be placed against the defendant's house, car, and personal belongings. What is this an example of? - Answer-General judgement lien. /.What is required for a title to be marketable? - Answer-It must be free of undisclosed defects and encumbrances. /.Which law extended discrim...

Nys Real Estate Practice Exam : 100% Verified Questions & Answers: Latest Updated /. What agency issues real estate licenses? - Answer-The New York State Department of State (NYDOS), Divison of Licensing Services /.At what age can you become a real estate salesperson? - Answer-18 /.Do you need experience in the field to become a sales person? - Answer-No /.What is the minimum age to become a real estate broker? - Answer-20 /.If your license is revoked, how long do you have t...

NYS Real Estate Exam Questions With New Update Solutions | Updated /. 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 - ...

Nys Real Estate U Final Exam: Guaranteed A+ Score Guide Solution: Latest Updated /. 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 th...

PSI NJ Real Estate Exam, PSI Practice Test Questions And Answer /.. Water Rights - Answer-The terms "littoral," "riparian," and "appropriative" refer to /.A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - Answer-an agent to the broker and a subagent to the principal. /.Depreciation is calculated based on the - Answer-Cost of the building only. /.When a property owner uses his home as collateral for a loan ...

PSI NJ Real Estate Exam, PSI Practice Test: Questions & Answers: Latest Updated Solution /. The terms "littoral," "riparian," and "appropriative" refer to... - Answer-water rights /.A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - Answer-an agent to the broker and a subagent to the principal. /.Depreciation is calculated based on the - Answer-Cost of the building only. /.When a property owner uses his h...

NJ Real Estate Exam Questions With Complete Solutions /. Broker - Answer-One who buys and sells for another for a fee. /.Broker-Salesperson - Answer-A qualified broker who practices real estate in the position of salesperson in another broker's office /.bureau of subsidized land sales control - Answer-regulations covering out of state properties sold in NJ /.continuing education - Answer-12 hours required every two years, two of which must be on ethics /.NJ Real Estate Commi...