NYC Real estate Exam Questions with Math
Study online at https://quizlet.com/_j5r1xp
1. It is essential that every grantor
deed be signed by the:
a) Devisee
b) grantee
c) grantor & grantee
d) Grantor
2. Jim's mechanic's lien will 1 year
remain against the prop-
erty for at least:
a) 1 year
2) 8 Months
c) 10 years
d) 4 months
3. A specific tract of land is parcel
known as a:
a) devise
b) chattel
c) parcel
d) littoral
4. If you are a salesperson if you have an agency contract with the buyer
working with a buyer, then
the buyer is your client:
a) if you are servicing the
buyer
b) if you have an agency
contract with buyer
c) if the buyer has shared
financial info with you
d) none of the above
, NYC Real estate Exam Questions with Math
Study online at https://quizlet.com/_j5r1xp
5. Rosita buys a summer cot- remains as a claim against the property
tage that has a mechanic's
lien against it, placed by
the workman who was not
paid by the former own-
er Jim, for constructing a
dock. The lien now:
a) is void
b) is Jims responsibility
only
c) remains as a claim
against the property
d) is considered satisfied
6. A home was purchased in 12.47%
2005, for $425,000. It was
sold recently for $478,000. 478,000-425,000= 53,000
What is the rate of return
53,000*100=5,300,000
on profit on this house?
5,300,000/425,000= 12.47
7. Which of the following assessment roll
contains a list of all real
property in the jurisdic-
tion with annual informa-
tion including its assessed
value?
a) Assessment roll
b) equalization rate list
c) grievance list
d) in rem document
, NYC Real estate Exam Questions with Math
Study online at https://quizlet.com/_j5r1xp
8. The assignment of costs B- proration
between the buyer and
the seller at the closing is
called:
a) Finishing fees
b) proration
c) closing accounting
d) real estate settlement &
procedures
9. In NYS, how old must one 18
be to enter into contracts?
10. What other capability Mental and emotional capability
should they possess? (to
enter contract)
11. What happens if one of The contract is voidable by the minor
the parties to the contract
is a minor?
12. What does the zoning Grants variances
board of appeals do?
13. What regulates construc- Building codes
tion standards in NYS?
14. What does municipal en- Oversees planning and construction of major highways, sewer sys-
gineer's office do? tems & water connections
15. If a property ad states that It must include the name of the geographical area where the prop-
the property is near the erty is actually located
vicinity of a geographical
Study online at https://quizlet.com/_j5r1xp
1. It is essential that every grantor
deed be signed by the:
a) Devisee
b) grantee
c) grantor & grantee
d) Grantor
2. Jim's mechanic's lien will 1 year
remain against the prop-
erty for at least:
a) 1 year
2) 8 Months
c) 10 years
d) 4 months
3. A specific tract of land is parcel
known as a:
a) devise
b) chattel
c) parcel
d) littoral
4. If you are a salesperson if you have an agency contract with the buyer
working with a buyer, then
the buyer is your client:
a) if you are servicing the
buyer
b) if you have an agency
contract with buyer
c) if the buyer has shared
financial info with you
d) none of the above
, NYC Real estate Exam Questions with Math
Study online at https://quizlet.com/_j5r1xp
5. Rosita buys a summer cot- remains as a claim against the property
tage that has a mechanic's
lien against it, placed by
the workman who was not
paid by the former own-
er Jim, for constructing a
dock. The lien now:
a) is void
b) is Jims responsibility
only
c) remains as a claim
against the property
d) is considered satisfied
6. A home was purchased in 12.47%
2005, for $425,000. It was
sold recently for $478,000. 478,000-425,000= 53,000
What is the rate of return
53,000*100=5,300,000
on profit on this house?
5,300,000/425,000= 12.47
7. Which of the following assessment roll
contains a list of all real
property in the jurisdic-
tion with annual informa-
tion including its assessed
value?
a) Assessment roll
b) equalization rate list
c) grievance list
d) in rem document
, NYC Real estate Exam Questions with Math
Study online at https://quizlet.com/_j5r1xp
8. The assignment of costs B- proration
between the buyer and
the seller at the closing is
called:
a) Finishing fees
b) proration
c) closing accounting
d) real estate settlement &
procedures
9. In NYS, how old must one 18
be to enter into contracts?
10. What other capability Mental and emotional capability
should they possess? (to
enter contract)
11. What happens if one of The contract is voidable by the minor
the parties to the contract
is a minor?
12. What does the zoning Grants variances
board of appeals do?
13. What regulates construc- Building codes
tion standards in NYS?
14. What does municipal en- Oversees planning and construction of major highways, sewer sys-
gineer's office do? tems & water connections
15. If a property ad states that It must include the name of the geographical area where the prop-
the property is near the erty is actually located
vicinity of a geographical
