NY Real Estate State Exam (Mult Choice) Questions And Answers

NY Real Estate State Exam (Mult Choice)
Questions And Answers



An /.agency /.relationship /.is /.determined /.by:

a) /.the /.source /.of /.compensation

b) /.how /.well /.the /.parties /.know /.each /.other

c) /.agreement /.between /.the /.principal /.and /.the /.agent

d) /.first /.substantive /.contract /.- /.(correct /.answer) /.-
c) /.agreement /.between /.the /.principal /.and /.the /.agent

Heat /.from /.outside /.air /.is /.utilized /.through /.a:

a.reverse /.conditioner

b.passive /.solar /.system

c.heat /.pump

d.cold /.air /.return /.- /.(correct /.answer) /.-c) /.heat /.pump

An /.automatic /.renewal /.clause /.in /.a /.lease /.is.

a.is /.not /.allowed /.on /.rent-stabilized /.apartments

b.is /.granted /.every /.tenant /.in /.a /.building /.with /.four /.or /.more /.units

c.is /.illegal /.in /.New /.York /.State

d.requires /.notice /.from /.the /.landlord /.calling /.the /.tenants /.attention /.to /.the /.clause. /.- /.
(correct /.answer) /.-
d) /.requires /.notice /.from /.the /.landlord /.calling /.the /.tenants /.attention /.to /.the /.clause.

When /.listing /.a /.property, /.ABC /.Realty /.best /.protects /.its /.chances /.of /.earning /.a /.commission /.if /.t
he /.listing /.is /.a:

a.exclusive-right-to-sell /.listing

, b.for /.sale /.by /.owner

c.exclusive-agency /.listing

d.open /.listing /.- /.(correct /.answer) /.-a) /.exclusive-right-to-sell /.listing

Real /.Property /.Law /.section /.443 /.disclosure /.requirements /.apply /.only /.to:

a.sale /.or /.lease /.of /.one /.to /.four-unit /.residential /.properties

b.all /.types /.of /.real /.estate /.transactions

c.mortgage /.financing /.arrangements

d.commercial /.properties /.- /.(correct /.answer) /.-a) /.sale /.or /.lease /.of /.one /.to /.four-
unit /.residential /.properties

An /.agency /.relationship /.is /.determined /.by

a.the /.source /.of /.compensation

b.how /.well /.the /.parties /.know /.each /.other

c.agreement /.between /.the /.principal /.and /.the /.agent

d.first /.substantive /.contact /.- /.(correct /.answer) /.-
c) /.agreement /.between /.the /.principal /.and /.the /.agent

In /.a /.single /.agency /.agreement /.in /.which /.a /.broker /.represents /.a /.seller

a.the /.buyer /.is /.the /.client

b.the /.seller /.is /.the /.client

c.the /.seller /.is /.the /.customer

d.the /.buyer /.is /.a /.subagent /.- /.(correct /.answer) /.-b) /.the /.seller /.is /.the /.client

Broker /.John /.Brown /.owes /.customer /.Susie /.Smith

a.loyalty

b.fairness /.and /.honesty

c.confidentiality

d.accounting /.- /.(correct /.answer) /.-b) /.fairness /.and /.honesty

A /.salesperson /.need /.not /.be