AND ANSWERS
Who is responsible for the administration of licensing? -.....ANSWER⬛⬛...-
Secretary of State
........-
Which article of real property law deals with licensees? - ....ANSWER⬛⬛
Article 12A
Which article of real property law deals with real estate transactions, such as
zoning, subdivisions, easements, and the like? - . . . . A N S W E R ⬛.⬛
...-Article 9A
Which article of real property is is a proceeding known as a "suit to Quiet Title"? -
....ANSWER⬛⬛...-Article 14
What does section 443 of Article 12A deal with? - ... ANSWER⬛⬛...-disclosure
issues
....... ..-SEC
Which federal agency is not involved with real estate? - ....ANSWER⬛⬛
Oksana was a broker in Russia, with a very poor understanding of the English
language. Although she was 28 years old and now an American citizen, she was
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,unable to obtain her license because she did not: -.....ANSWER⬛⬛...-have a
grasp of the English language.
..... ..-Vermont
Which state does NOT offer reciprocity? - ....ANSWER⬛⬛
What are three of nine states that accept NYC course credits for licensing? -
..... ..-Colorado, Arkansas and Virginia
....ANSWER⬛⬛
Arkansas: Available for brokers who have current licenses. They also need to have
had their license for two years.
Colorado: Available for brokers and associate brokers with current licenses.
Connecticut: Available for brokers and salespersons with current licenses.
Georgia: Available for brokers and salespersons with current licenses. They had to
get their license by passing the Georgia exam.
Massachusetts: Available for brokers with current licenses. They also need to have
had their license for two years.
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, Mississippi: Available only for brokers with current licenses. They also need to
have had their license for two years.
Oklahoma: Available for brokers and salespersons with current licenses. They also
need to have had their license for two years.
Pennsylvania: Available for brokers and salespersons with current licenses.
West Virginia: Available for brokers and salespersons with current licenses.
Residential real estate developers do NOT -.....ANSWER⬛⬛...-engage in
creating legal entities / partnerships between attorneys and real estate agents
The sources of law that affect real estate transaction and activity are -
..... ..-State and federal law, local ordinances and court decisions
....ANSWER⬛⬛
........-Class
What classification of license is an associate broker? - ....ANSWER⬛⬛
30
.........-3 years
What is the limit action for a tort in NYC? - ....ANSWER⬛⬛
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