Sally is interested in renting the other half of an owner-occupied duplex. She calls the
listing broker about it who tells her that the owner, his client, does not allow children.
Who, if anyone, is violating fair housing laws in this situation?
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b. both the broker and the owner
What are the age and experience requirements to apply for a salesperson license?
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a. 18 years old and no experience necessary
,What is the preferred method of creating an agency relationship?
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a. expressed agency
Wilma sells her house for $600,000 two months after her husband passed away. They
had purchased the house in 1952 for $58,000. Assuming they met the requirement for
filing jointly, on what amount will Wilma have to pay income tax?
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d. $42,000
The lender's interest in property insurance relates to making sure
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c. there is enough coverage to cover the value of the loan.
In New York, which cost at closing is most typically paid by the seller?
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b. real property transfer tax
, Which protected class is NOT covered by New York State law but may be covered by
a specific municipality?
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b. age
When someone dies without a will and without heirs or creditors, his properly reverts
to the state through the process of
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a. escheat.
Taylor has $80,000 to invest and considers buying a strip mall with an asking price of
$480,000. The estimated NOI, based on the current owner's operating statement, is
$36,000. What would be his expected capitalization rate?
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d. 7.5%
Opal lives in an apartment that is going cooperative. The current residents are given
the first option to buy in, and Opal decides to take advantage of the opportunity.
Which statement about Opal's new co-op is FALSE?
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listing broker about it who tells her that the owner, his client, does not allow children.
Who, if anyone, is violating fair housing laws in this situation?
Give this one a try later!
b. both the broker and the owner
What are the age and experience requirements to apply for a salesperson license?
Give this one a try later!
a. 18 years old and no experience necessary
,What is the preferred method of creating an agency relationship?
Give this one a try later!
a. expressed agency
Wilma sells her house for $600,000 two months after her husband passed away. They
had purchased the house in 1952 for $58,000. Assuming they met the requirement for
filing jointly, on what amount will Wilma have to pay income tax?
Give this one a try later!
d. $42,000
The lender's interest in property insurance relates to making sure
Give this one a try later!
c. there is enough coverage to cover the value of the loan.
In New York, which cost at closing is most typically paid by the seller?
Give this one a try later!
b. real property transfer tax
, Which protected class is NOT covered by New York State law but may be covered by
a specific municipality?
Give this one a try later!
b. age
When someone dies without a will and without heirs or creditors, his properly reverts
to the state through the process of
Give this one a try later!
a. escheat.
Taylor has $80,000 to invest and considers buying a strip mall with an asking price of
$480,000. The estimated NOI, based on the current owner's operating statement, is
$36,000. What would be his expected capitalization rate?
Give this one a try later!
d. 7.5%
Opal lives in an apartment that is going cooperative. The current residents are given
the first option to buy in, and Opal decides to take advantage of the opportunity.
Which statement about Opal's new co-op is FALSE?
Give this one a try later!
