NYS Real Estate U Final Exam EXAM COVERAGE
NYS Real Estate U - Final Exam
New York real estate licensing laws & regulations
Role of the New York Department of State
(DOS)
Agency relationships (seller's agent, buyer's
agent, dual agency)
Fiduciary duties and disclosure requirements
Real property concepts (ownership types,
estates, interests)
Contracts (listing agreements, purchase
contracts, contingencies)
Fair Housing laws (federal & New York State)
Property valuation methods (CMA, appraisal
basics)
Financing basics (mortgages, loan types, closing
costs)
Property taxes and assessments
Land use controls (zoning, building codes)
Environmental issues (lead-based paint,
wetlands)
Transfer of title and closing procedures
Deeds and title insurance
Ethics and professional conduct
Real estate math (commissions, prorations,
interest calculations)
, Which of the following individuals An attorney admitted to the NY State Bar
is NOT required to have a real
estate license?
Which of the following loans has a Graduated payment mortgage
monthly payment that is lower in
the early years but increases over
the term of the loan?
What type of easement is Easement in gross
commonly used by utility
companies? The original tenant
In a sub-lease, who is responsible
for paying rent to the landlord?
What type of lease is typically used Loft lease
for an open, unfinished commercial
space?
The grantor of a deed must be at 18
least ..........years old.
NYS Real Estate U - Final Exam
New York real estate licensing laws & regulations
Role of the New York Department of State
(DOS)
Agency relationships (seller's agent, buyer's
agent, dual agency)
Fiduciary duties and disclosure requirements
Real property concepts (ownership types,
estates, interests)
Contracts (listing agreements, purchase
contracts, contingencies)
Fair Housing laws (federal & New York State)
Property valuation methods (CMA, appraisal
basics)
Financing basics (mortgages, loan types, closing
costs)
Property taxes and assessments
Land use controls (zoning, building codes)
Environmental issues (lead-based paint,
wetlands)
Transfer of title and closing procedures
Deeds and title insurance
Ethics and professional conduct
Real estate math (commissions, prorations,
interest calculations)
, Which of the following individuals An attorney admitted to the NY State Bar
is NOT required to have a real
estate license?
Which of the following loans has a Graduated payment mortgage
monthly payment that is lower in
the early years but increases over
the term of the loan?
What type of easement is Easement in gross
commonly used by utility
companies? The original tenant
In a sub-lease, who is responsible
for paying rent to the landlord?
What type of lease is typically used Loft lease
for an open, unfinished commercial
space?
The grantor of a deed must be at 18
least ..........years old.
