NYS REAL ESTATE U FINAL
EXAM 2025 LATEST NEWEST
UPDATE WITH ACTUAL
QUESTIONS AND DETAILED
VERIFIED ANSWERS WITH
RATIONALES (100%
CORRECT) //BRAND NEW!!
/ALREADY GRADED A+ WITH
GUARANTEED SUCCESS AFTER
DOWNLOAD (ALL YOU NEED TO
PASS YOUR EXAMS
which of these citites is the board not required to hold a public hearing each year? albany
buffalo nyc rochester
rochachacha
, in which of these places is asbestos not likely to be found? roofing, adhesives in pressed
wood, textured paint, vinyl floor tiles
adhesives in pressed wood
which law extended discrimination to include handicap and familial status
fair housing amendment act
what is an emblement?
A plant or crop that is considered personal property
which of the following statements about plumbing venting is true
venting is not required for structures taller than 2 stories.
which statement is not true? mold often grows where it can't be seen, of all environmetnal
hazards, radon is the easiest to detect and mitigate, underground storage tanks pose no hazard
to residential areas, urea formaldehyde foam insulation is no longer used because of
formaldehyde gas emission
underground storage tanks pose no hazard to residential areas
what is required for a title to be marketable? it must be registered in torrens, it must be free of
undisclosed defects and encumbrances, it must be abstracted by and attorney, it must be
guaranteed by a title certificate.
int must be free of undisclosed defects and encumbrances
a loan company was referring loan applicants to a particular insurance company, which in
turn paid the loan company a referral fee. this is...
illegal, since the real estate settlement procedures act prohibits kickbacks
the seller under a land contract is known as
the vendor
a point, line or surface from which elevations are measured is known as the
datum
earnest money is provided when
the offer to purchase real estate is made
madison davidson negotiated for a 30k loan with 200 dollar monthly payments plus 9 percent
interest. what is the payment on her first month?
225
the tax rate in manatee county is 35 mills how much is this for every 1k of assessed value?
,35. ( a mill is one one thousandth of a dollar. a tax rate of one mill means that the owner pays
one dollar for every thousand dollars of assessed value. 35 mills is 35 dollars for every 1000
dollars assessed
a trust deed gives the lender a right to request that the trustee perform certain tasks in order to
fulfill the terms of the trust. a trustee may take action in those circumstances because he holds
naked title (a title without the usual rights of ownership)
An action taken by a creditor in which the court simply retains custody of the property while
a lawsuit is being decided is known as:
a write of attachment. Remember, a writ of attachment is an action taken by a creditor in
which the court simply retains custody of the property while a lawsuit is being decided. This
is easily confused with a writ of execution, which authorizes the sale of the property
A lease that goes from month to month is known as
an estate from period to period
Find the capitalization rate on a building that is worth $430,000, and rents for $1,500 a
month.
4.19 To solve this, find the yearly rent, and divide that amount by the cost of the building. So,
$1,500 x 12 = $18,000, and $18,000/$430,000 = 4.19%.
Spence Construction Company built a hangar for an helicopter, which was kept on the
owner's property. The owner did not pay for the hangar, so Spence filed a mechanic's lien on
the helicopter. Was Spence Construction Company justified in doing this?
No, because a mechanic's lien can only be placed on the improvement.
Several legal steps must sometimes be taken before a creditor can have his outstanding debt
satisfied through the sale of the debtor's property. Which of the following is NOT one of the
steps in the process?
writ of persocution-
A portion of a township in the rectangular survey system, which is a square with mile-long
sides, is called a:
section- a township is divided into 36 sections
Property over which an easement runs in favor of another parcel of real estate is known as a
servient tenement
one square mile
640 acres
, What is the principal federal statute that covers competition and is one of the most important
pieces of antitrust legislation?
The Sherman Antitrust Act of 1890
a claim or interest revealed by a title search is called a
a cloud on title t's easy to remember a cloud on a title as something marring the clear title,
like a cloud in the sky marring an otherwise clear sky. These terms are all related; however, a
lis pendens is the notification that a lien might be placed on a title, or, in other words, that
there is a CLOUD on the title. (A judgment is another type of lien against a property, issued
by a court.)
a section is
one square mile
The system established in 1785 by the U.S. government, which describes land with principal
meridians and base lines, is called:
rectangular survey system
what is an example of ostensible agency
the principal showed by his or her actions that the agents actions were accepted (ostensible
agency=implied agency)
Jackie Swain obtains a $65,000 loan on her home. The principal and interest payments are
based on a factor of 8.05 per $1,000. The loan is for 30 years at 9%. How much does Jackie
pay in total interest over the life of the loan?
123,370- First, take $65 (per $1,000, remember) x 8.05 = $523.25 per month -- the payments
on principal and interest. Then take $523.25 x 360 months = $188,370. Then $188,370 -
$65,000 (loan) = $123,370 total interest paid.
A house was sold on an installment land contract. There was no mention in the contract about
a counter top microwave oven. Can the seller take the microwave oven?
yes, because it is personal property ( see counter)
an analysis that results in an opinion of value is
an appraisal
Many states determine the order of water rights according to which users of the water hold a
recorded beneficial use permit. This allocation of water rights is determined by
the doctrine of prior appropriation
in a lease, the lessor's interest is known as the
EXAM 2025 LATEST NEWEST
UPDATE WITH ACTUAL
QUESTIONS AND DETAILED
VERIFIED ANSWERS WITH
RATIONALES (100%
CORRECT) //BRAND NEW!!
/ALREADY GRADED A+ WITH
GUARANTEED SUCCESS AFTER
DOWNLOAD (ALL YOU NEED TO
PASS YOUR EXAMS
which of these citites is the board not required to hold a public hearing each year? albany
buffalo nyc rochester
rochachacha
, in which of these places is asbestos not likely to be found? roofing, adhesives in pressed
wood, textured paint, vinyl floor tiles
adhesives in pressed wood
which law extended discrimination to include handicap and familial status
fair housing amendment act
what is an emblement?
A plant or crop that is considered personal property
which of the following statements about plumbing venting is true
venting is not required for structures taller than 2 stories.
which statement is not true? mold often grows where it can't be seen, of all environmetnal
hazards, radon is the easiest to detect and mitigate, underground storage tanks pose no hazard
to residential areas, urea formaldehyde foam insulation is no longer used because of
formaldehyde gas emission
underground storage tanks pose no hazard to residential areas
what is required for a title to be marketable? it must be registered in torrens, it must be free of
undisclosed defects and encumbrances, it must be abstracted by and attorney, it must be
guaranteed by a title certificate.
int must be free of undisclosed defects and encumbrances
a loan company was referring loan applicants to a particular insurance company, which in
turn paid the loan company a referral fee. this is...
illegal, since the real estate settlement procedures act prohibits kickbacks
the seller under a land contract is known as
the vendor
a point, line or surface from which elevations are measured is known as the
datum
earnest money is provided when
the offer to purchase real estate is made
madison davidson negotiated for a 30k loan with 200 dollar monthly payments plus 9 percent
interest. what is the payment on her first month?
225
the tax rate in manatee county is 35 mills how much is this for every 1k of assessed value?
,35. ( a mill is one one thousandth of a dollar. a tax rate of one mill means that the owner pays
one dollar for every thousand dollars of assessed value. 35 mills is 35 dollars for every 1000
dollars assessed
a trust deed gives the lender a right to request that the trustee perform certain tasks in order to
fulfill the terms of the trust. a trustee may take action in those circumstances because he holds
naked title (a title without the usual rights of ownership)
An action taken by a creditor in which the court simply retains custody of the property while
a lawsuit is being decided is known as:
a write of attachment. Remember, a writ of attachment is an action taken by a creditor in
which the court simply retains custody of the property while a lawsuit is being decided. This
is easily confused with a writ of execution, which authorizes the sale of the property
A lease that goes from month to month is known as
an estate from period to period
Find the capitalization rate on a building that is worth $430,000, and rents for $1,500 a
month.
4.19 To solve this, find the yearly rent, and divide that amount by the cost of the building. So,
$1,500 x 12 = $18,000, and $18,000/$430,000 = 4.19%.
Spence Construction Company built a hangar for an helicopter, which was kept on the
owner's property. The owner did not pay for the hangar, so Spence filed a mechanic's lien on
the helicopter. Was Spence Construction Company justified in doing this?
No, because a mechanic's lien can only be placed on the improvement.
Several legal steps must sometimes be taken before a creditor can have his outstanding debt
satisfied through the sale of the debtor's property. Which of the following is NOT one of the
steps in the process?
writ of persocution-
A portion of a township in the rectangular survey system, which is a square with mile-long
sides, is called a:
section- a township is divided into 36 sections
Property over which an easement runs in favor of another parcel of real estate is known as a
servient tenement
one square mile
640 acres
, What is the principal federal statute that covers competition and is one of the most important
pieces of antitrust legislation?
The Sherman Antitrust Act of 1890
a claim or interest revealed by a title search is called a
a cloud on title t's easy to remember a cloud on a title as something marring the clear title,
like a cloud in the sky marring an otherwise clear sky. These terms are all related; however, a
lis pendens is the notification that a lien might be placed on a title, or, in other words, that
there is a CLOUD on the title. (A judgment is another type of lien against a property, issued
by a court.)
a section is
one square mile
The system established in 1785 by the U.S. government, which describes land with principal
meridians and base lines, is called:
rectangular survey system
what is an example of ostensible agency
the principal showed by his or her actions that the agents actions were accepted (ostensible
agency=implied agency)
Jackie Swain obtains a $65,000 loan on her home. The principal and interest payments are
based on a factor of 8.05 per $1,000. The loan is for 30 years at 9%. How much does Jackie
pay in total interest over the life of the loan?
123,370- First, take $65 (per $1,000, remember) x 8.05 = $523.25 per month -- the payments
on principal and interest. Then take $523.25 x 360 months = $188,370. Then $188,370 -
$65,000 (loan) = $123,370 total interest paid.
A house was sold on an installment land contract. There was no mention in the contract about
a counter top microwave oven. Can the seller take the microwave oven?
yes, because it is personal property ( see counter)
an analysis that results in an opinion of value is
an appraisal
Many states determine the order of water rights according to which users of the water hold a
recorded beneficial use permit. This allocation of water rights is determined by
the doctrine of prior appropriation
in a lease, the lessor's interest is known as the
