1|Page
NYS REAL ESTATE U FINAL (2 VERSIONS) NEWEST
2026 COMPLETE 150 QUESTIONS AND CORRECT
DETAILED ANSWERS ||VERIFIED EXAM!!!(VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST EXAM!!
Under which section of a deed will the property's address
be listed? - ANSWER-Legal description of the property
Which of the following is a basic insurance policy what will
cover the home and its contents in the event of a fire? -
ANSWER-HO-1
In which of the following loan types does the seller
become the mortgagee? - ANSWER-Purchase money
mortgage
Which of the following types of leases will most likely be
used when leasing an unoccupied office building? -
ANSWER-Net lease
This occurs when a landlord takes matters into their own
hands and removes a tenant from the property? -
ANSWER-Actual eviction
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Which of the following construction elements sits on top of
the foundation of a wood-framed house? - ANSWER-Sill
plate
The slope of a roof is also referred to as the...? -
ANSWER-Pitch
Real estate agents must carry what type of insurance? -
ANSWER-Liability insurance
Disclosures about lead-based paint must be provided for
the sale of any home built prior to what year? - ANSWER-
1978
What happens to real estate prices when demand is
greater than supply? - ANSWER-Prices will increase
Which of the following individuals is required to file a
Schedule C of the federal income tax Form 1040? -
ANSWER-A real estate salesperson working under a
sponsoring broker
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What should an agent do if a prospective buyer refuses to
sign the New York State Disclosure Form for Buyer and
Seller at the first substantive contact? - ANSWER-
Complete a declaration form that states the facts of the
meeting and keep for their records.
Residential properties are appraised using which method?
- ANSWER-Sales comparison approach
Which of the following insurance policies may be
purchased by landlords for their rental properties? -
ANSWER-Commercial general liability
A circuit breaker is similar to which of the following? -
ANSWER-Fuse
This form of co-ownership does NOT include the 'right of
survivorship'? - ANSWER-Tenancy in common
Who typically signs the sales contract first? - ANSWER-
The buyer
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What type of income is earned through salaries or in a
business in which the taxpayer actively participates? -
ANSWER-Active income
If a property owner needs to obtain a variance on their
property, which of the following should they apply to...? -
ANSWER-Zoning Board of Appeals
A couple owns a property as a tenancy by the entirety.
When one of the spouses passes away, the other spouse
gains full ownership of the property. When the remaining
spouse passes away, the children inherit the property. This
is known as what type of interest in real property? -
ANSWER-Life estate
The division of expenses and income between a buyer
and seller at closing is known as...? - ANSWER-Proration
Which of the following interests in real property offer the
most complete form of ownership? - ANSWER-Fee simple
absolute estates
Which of the following municipal agencies is responsible
for enforcing the Building Code? - ANSWER-Department
of Buildings
NYS REAL ESTATE U FINAL (2 VERSIONS) NEWEST
2026 COMPLETE 150 QUESTIONS AND CORRECT
DETAILED ANSWERS ||VERIFIED EXAM!!!(VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST EXAM!!
Under which section of a deed will the property's address
be listed? - ANSWER-Legal description of the property
Which of the following is a basic insurance policy what will
cover the home and its contents in the event of a fire? -
ANSWER-HO-1
In which of the following loan types does the seller
become the mortgagee? - ANSWER-Purchase money
mortgage
Which of the following types of leases will most likely be
used when leasing an unoccupied office building? -
ANSWER-Net lease
This occurs when a landlord takes matters into their own
hands and removes a tenant from the property? -
ANSWER-Actual eviction
,2|Page
Which of the following construction elements sits on top of
the foundation of a wood-framed house? - ANSWER-Sill
plate
The slope of a roof is also referred to as the...? -
ANSWER-Pitch
Real estate agents must carry what type of insurance? -
ANSWER-Liability insurance
Disclosures about lead-based paint must be provided for
the sale of any home built prior to what year? - ANSWER-
1978
What happens to real estate prices when demand is
greater than supply? - ANSWER-Prices will increase
Which of the following individuals is required to file a
Schedule C of the federal income tax Form 1040? -
ANSWER-A real estate salesperson working under a
sponsoring broker
,3|Page
What should an agent do if a prospective buyer refuses to
sign the New York State Disclosure Form for Buyer and
Seller at the first substantive contact? - ANSWER-
Complete a declaration form that states the facts of the
meeting and keep for their records.
Residential properties are appraised using which method?
- ANSWER-Sales comparison approach
Which of the following insurance policies may be
purchased by landlords for their rental properties? -
ANSWER-Commercial general liability
A circuit breaker is similar to which of the following? -
ANSWER-Fuse
This form of co-ownership does NOT include the 'right of
survivorship'? - ANSWER-Tenancy in common
Who typically signs the sales contract first? - ANSWER-
The buyer
, 4|Page
What type of income is earned through salaries or in a
business in which the taxpayer actively participates? -
ANSWER-Active income
If a property owner needs to obtain a variance on their
property, which of the following should they apply to...? -
ANSWER-Zoning Board of Appeals
A couple owns a property as a tenancy by the entirety.
When one of the spouses passes away, the other spouse
gains full ownership of the property. When the remaining
spouse passes away, the children inherit the property. This
is known as what type of interest in real property? -
ANSWER-Life estate
The division of expenses and income between a buyer
and seller at closing is known as...? - ANSWER-Proration
Which of the following interests in real property offer the
most complete form of ownership? - ANSWER-Fee simple
absolute estates
Which of the following municipal agencies is responsible
for enforcing the Building Code? - ANSWER-Department
of Buildings
