NYS Real Estate Exam Questions and Answers.

NYS Real Estate Exam Questions and Answers



Tenants ‘.enter ‘.into ‘.what ‘.type ‘.of ‘.arrangement ‘.when ‘.they ‘.lease ‘.all ‘.or ‘.part ‘.of ‘.their
‘.leasehold ‘.interest?




Sublease

Exchange

Estoppel

Attornment ‘.- ‘.(correct ‘.answer) ‘.-Sublease

What ‘.is ‘.the ‘.term ‘.used ‘.for ‘.the ‘.difference ‘.between ‘.rentable ‘.and ‘.usable ‘.area? ‘.- ‘.(correct
‘.answer) ‘.-Loss ‘.Factor


Who ‘.pays ‘.the ‘.tax ‘.in ‘.triple ‘.net ‘.lease? ‘.- ‘.(correct ‘.answer) ‘.-Tenant

What ‘.kind ‘.of ‘.SF ‘.is ‘.commercial ‘.rent ‘.based ‘.on?



Rentable

Usable

Common

Taxable ‘.- ‘.(correct ‘.answer) ‘.-Rentable

Pam ‘.finds ‘.out ‘.her ‘.lease ‘.forbids ‘.evening ‘.cocktail ‘.parties ‘.in ‘.her ‘.store. ‘.The ‘.prohibition ‘.is
‘.probably ‘.in ‘.which ‘.lease ‘.clause? ‘.- ‘.(correct ‘.answer) ‘.-Use ‘.clause


An ‘.office ‘.is ‘.10,000 ‘.SF ‘.rentable ‘.and ‘.8,000 ‘.SF ‘.usable, ‘.what ‘.is ‘.loss ‘.factor ‘.%? ‘.- ‘.(correct
‘.answer) ‘.-[8,000 ‘.(usable)]/[10,000 ‘.rentable ‘.(gross)] ‘.= ‘.100% ‘.rentable ‘.& ‘.80% ‘.efficiency ‘.=
‘.20% ‘.loss ‘.factor

, What ‘.lease ‘.is ‘.used ‘.for ‘.unfinished ‘.space ‘.not ‘.divided ‘.into ‘.rooms, ‘.used ‘.for ‘.storage ‘.or
‘.warehousing?




Loft ‘.Lease

Net ‘.Lease

Gross ‘.Lease

Percentage ‘.Lease ‘.- ‘.(correct ‘.answer) ‘.-Loft ‘.Lease

Which ‘.lease ‘.clause ‘.calls ‘.for ‘.increased ‘.costs ‘.to ‘.tenant ‘.at ‘.specific ‘.times ‘.during ‘.lease
‘.term?




Alteration

Escalation

Percentage

Attornment ‘.- ‘.(correct ‘.answer) ‘.-Escalation

What ‘.is ‘.a ‘.longterm ‘.lease ‘.on ‘.commercial ‘.property? ‘.- ‘.(correct ‘.answer) ‘.-Ground ‘.lease

Real ‘.property ‘.tax ‘.is ‘.what ‘.kind ‘.of ‘.encumbrance?



Lien

Easement

Encroachment

Escheat ‘.- ‘.(correct ‘.answer) ‘.-Lien

Encumbrance ‘.Definitoin ‘.- ‘.(correct ‘.answer) ‘.-Legal ‘.or ‘.financial ‘.problem ‘.attached ‘.to ‘.the ‘.real
‘.estate


What ‘.is ‘.true ‘.of ‘.liens?



Related ‘.to ‘.debt

Involuntary