New York State Real Estate Salesperson Licensing Exam
with all Correct & 100% Verified Answers |Latest Version
|Already Graded A+
In NYS, how old must one be to enter into contracts? ✔Correct Answer-18
What other capability should they possess? ✔Correct Answer-Mental and emotional
capability
What happens if one of the parties to the contract is a minor? ✔Correct Answer-The contract
is voidable by the minor
What does the zoning board of appeals do? ✔Correct Answer-Grants variances
What regulates construction standards in NYS? ✔Correct Answer-Building codes
What does municipal engineer's office do? ✔Correct Answer-Oversees planning and
construction of major highways, sweet systems and water connections
If a property ad states that the property is near the vicinity of a geographical area, what else
mud the ad include? ✔Correct Answer-It must include the name of the geographical area
where the property is actually located
Who is usually exempt from property taxes? ✔Correct Answer-Disabled, veterans, farmers,
elderly gold star parents *kids die in the war, star program homeowners
Who is not usually exempt from property taxes? ✔Correct Answer-Second home owners
What covers fully or personal property lost in a fire? ✔Correct Answer-Replacement cost
Find the square footage of a rectangular shaped floor plan. How do you find the area of a
square/rectangle? ✔Correct Answer-Length x Width = Area
What is the cash on cash return on a $2,000,000 property with a down payment of $500,000
and $15,000 monthly rental income? ✔Correct Answer-36%
Who hires the agent? ✔Correct Answer-Principal or client
What is not a CMA (Comparative Market Analysis?) ✔Correct Answer-An apprasial
, What cannot a salesperson do? ✔Correct Answer-Collect money directly from the client or
customer
When should the Agency disclosure form be submitted? ✔Correct Answer-At the first
substantive contact
Which document describes the agency (who he or she represents) of the salesperson?
✔Correct Answer-Agency disclosure form
What is another name for the slope of a roof? ✔Correct Answer-Pitch
What carcinogenic component was used as insulation in electric transformers that
contaminated soil and ground water? ✔Correct Answer-PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are independent contractors? ✔Correct
Answer-Office phone
Whats right to access whiter from a river or stream called? ✔Correct Answer-Riparian
What did the civil rights act of 1866 protect without exception? ✔Correct Answer-Race
What did the 1988 amendment to the civil rights act protect? ✔Correct Answer-Disability and
familial status
What is convincing owners to sell/lease property by telling them a particular group of people
are moving into the area called? ✔Correct Answer-Blockbusting
What is it called when lenders/insurance agents refuse to do business in a certain area based on
the characteristics of the people living there? ✔Correct Answer-Redlining
Unless specified a lesser estate, transfer of title to real property in NYS creates what type of
interest? ✔Correct Answer-Fee Simple
What is another name for transfer of title to real property? ✔Correct Answer-Conveyance
What is it called when the government dictates how a property can be used? ✔Correct
Answer-Zoning
Who issues real estate licenses? ✔Correct Answer-NY Department of State
Who oversees licensing and registration of mortgage bankers and brokers? ✔Correct Answer-
NYS banking department
Which department oversees drinking water safety? ✔Correct Answer-Department of Health
with all Correct & 100% Verified Answers |Latest Version
|Already Graded A+
In NYS, how old must one be to enter into contracts? ✔Correct Answer-18
What other capability should they possess? ✔Correct Answer-Mental and emotional
capability
What happens if one of the parties to the contract is a minor? ✔Correct Answer-The contract
is voidable by the minor
What does the zoning board of appeals do? ✔Correct Answer-Grants variances
What regulates construction standards in NYS? ✔Correct Answer-Building codes
What does municipal engineer's office do? ✔Correct Answer-Oversees planning and
construction of major highways, sweet systems and water connections
If a property ad states that the property is near the vicinity of a geographical area, what else
mud the ad include? ✔Correct Answer-It must include the name of the geographical area
where the property is actually located
Who is usually exempt from property taxes? ✔Correct Answer-Disabled, veterans, farmers,
elderly gold star parents *kids die in the war, star program homeowners
Who is not usually exempt from property taxes? ✔Correct Answer-Second home owners
What covers fully or personal property lost in a fire? ✔Correct Answer-Replacement cost
Find the square footage of a rectangular shaped floor plan. How do you find the area of a
square/rectangle? ✔Correct Answer-Length x Width = Area
What is the cash on cash return on a $2,000,000 property with a down payment of $500,000
and $15,000 monthly rental income? ✔Correct Answer-36%
Who hires the agent? ✔Correct Answer-Principal or client
What is not a CMA (Comparative Market Analysis?) ✔Correct Answer-An apprasial
, What cannot a salesperson do? ✔Correct Answer-Collect money directly from the client or
customer
When should the Agency disclosure form be submitted? ✔Correct Answer-At the first
substantive contact
Which document describes the agency (who he or she represents) of the salesperson?
✔Correct Answer-Agency disclosure form
What is another name for the slope of a roof? ✔Correct Answer-Pitch
What carcinogenic component was used as insulation in electric transformers that
contaminated soil and ground water? ✔Correct Answer-PCB's or polychlorinated biphenyls
What can brokers provide their salespeople if they are independent contractors? ✔Correct
Answer-Office phone
Whats right to access whiter from a river or stream called? ✔Correct Answer-Riparian
What did the civil rights act of 1866 protect without exception? ✔Correct Answer-Race
What did the 1988 amendment to the civil rights act protect? ✔Correct Answer-Disability and
familial status
What is convincing owners to sell/lease property by telling them a particular group of people
are moving into the area called? ✔Correct Answer-Blockbusting
What is it called when lenders/insurance agents refuse to do business in a certain area based on
the characteristics of the people living there? ✔Correct Answer-Redlining
Unless specified a lesser estate, transfer of title to real property in NYS creates what type of
interest? ✔Correct Answer-Fee Simple
What is another name for transfer of title to real property? ✔Correct Answer-Conveyance
What is it called when the government dictates how a property can be used? ✔Correct
Answer-Zoning
Who issues real estate licenses? ✔Correct Answer-NY Department of State
Who oversees licensing and registration of mortgage bankers and brokers? ✔Correct Answer-
NYS banking department
Which department oversees drinking water safety? ✔Correct Answer-Department of Health
