Real Estate U NYS - Chapter 2 EXAM COVERAGE
Exam 2
Real Estate U NYS - Chapter 2 Exam 2
Real vs. personal property distinctions
Fixtures vs. trade fixtures (MARIA test)
Bundle of legal rights (possession, control,
enjoyment, exclusion, disposition)
Land characteristics
Physical (immobility, indestructibility, uniqueness)
Economic (scarcity, improvements, permanence
of investment, area preference)
Types of real property
Residential, commercial, industrial, agricultural,
special use
Legal descriptions
Metes and bounds
Lot and block (recorded plat)
Government survey system (overview)
Encumbrances
Liens (voluntary vs. involuntary)
Easements (appurtenant vs. in gross)
Deed restrictions and encroachments
New York property law basics
Public vs. private land use controls (intro
overview)
,When a buyer's broker agrees to C. Sub-agent
the cooperative arrangement of
the MLS, he/she becomes what to
the seller, who's property is listed
on the MLS...?
A. Secondary agent
B. Primary broker
C. Sub-agent
D. Principal
,Which of the following is NOT A. Vicarious Liability
considered an anti-trust
violation...?
A. Vicarious Liability
B. Price Fixing
C. Tie-in Arrangement
D. Group Boycott
D. Written contract
As an independent contractor,
which of the following must exist
between the salesperson and a
specific broker...?
A. Implied contract
B. Explicit agreement
C. Handshake agreement
D. Written contract
, As stated in the Exclusive Right to D. Fair Housing clause
Sell Agreement, this clause dictates
that an owner cannot discriminate
against any potential buyers...?
A. Use of Listing clause
B. Termination clause
C. Amount of Commission clause
D. Fair Housing clause
As a real estate agent working as D. Sales
an independent contractor,
compensation is directly related to
what...?
A. Number of Listings
B. Number of Clients
C. Hours Worked
D. Sales
Exam 2
Real Estate U NYS - Chapter 2 Exam 2
Real vs. personal property distinctions
Fixtures vs. trade fixtures (MARIA test)
Bundle of legal rights (possession, control,
enjoyment, exclusion, disposition)
Land characteristics
Physical (immobility, indestructibility, uniqueness)
Economic (scarcity, improvements, permanence
of investment, area preference)
Types of real property
Residential, commercial, industrial, agricultural,
special use
Legal descriptions
Metes and bounds
Lot and block (recorded plat)
Government survey system (overview)
Encumbrances
Liens (voluntary vs. involuntary)
Easements (appurtenant vs. in gross)
Deed restrictions and encroachments
New York property law basics
Public vs. private land use controls (intro
overview)
,When a buyer's broker agrees to C. Sub-agent
the cooperative arrangement of
the MLS, he/she becomes what to
the seller, who's property is listed
on the MLS...?
A. Secondary agent
B. Primary broker
C. Sub-agent
D. Principal
,Which of the following is NOT A. Vicarious Liability
considered an anti-trust
violation...?
A. Vicarious Liability
B. Price Fixing
C. Tie-in Arrangement
D. Group Boycott
D. Written contract
As an independent contractor,
which of the following must exist
between the salesperson and a
specific broker...?
A. Implied contract
B. Explicit agreement
C. Handshake agreement
D. Written contract
, As stated in the Exclusive Right to D. Fair Housing clause
Sell Agreement, this clause dictates
that an owner cannot discriminate
against any potential buyers...?
A. Use of Listing clause
B. Termination clause
C. Amount of Commission clause
D. Fair Housing clause
As a real estate agent working as D. Sales
an independent contractor,
compensation is directly related to
what...?
A. Number of Listings
B. Number of Clients
C. Hours Worked
D. Sales
