Real Estate U Final Exam (Actual 2025/2026) 109 Questions And
100% Verified Answers
NYS Real Estate Property Law
(1) Protect the public (2) Salesperson at least 18 (3) broker at
least 20 years .
Sponsor
Broker that holds salesperson license
Summary of Submission
Paper you get after registering for NYS test. Bring to tes with
you
Chain of Title
History of who has owned a speciifc title
Title
Legal Term for ownership f the budle of rights in real estate
,Closing Statement
Document detailing fees, commisions, insurance, etc tha
makes a transaction vaid
Essential Elements of a Contract
(1) in writing (2) consideration (3) competant parties
Estate for years
Non automaticlly reneable lease for a specific period of time
Express Contract
Contract the expresses all essential elements of a contract.
Sponsor
Developer or owner organizing COOP or Condo offering
Leverage
Used of borowed money to invest
, Prro Form Statement
Looking forward estimate of expenses
Cap Rate
NOI/Purchase Price
Liquid
Able to onver to cash
Gross iNCome
Total amount of money made
Capital Gain
Difference between purchase price and amount sold for
property
Boot
Cash received back in a tax deferred exchange
100% Verified Answers
NYS Real Estate Property Law
(1) Protect the public (2) Salesperson at least 18 (3) broker at
least 20 years .
Sponsor
Broker that holds salesperson license
Summary of Submission
Paper you get after registering for NYS test. Bring to tes with
you
Chain of Title
History of who has owned a speciifc title
Title
Legal Term for ownership f the budle of rights in real estate
,Closing Statement
Document detailing fees, commisions, insurance, etc tha
makes a transaction vaid
Essential Elements of a Contract
(1) in writing (2) consideration (3) competant parties
Estate for years
Non automaticlly reneable lease for a specific period of time
Express Contract
Contract the expresses all essential elements of a contract.
Sponsor
Developer or owner organizing COOP or Condo offering
Leverage
Used of borowed money to invest
, Prro Form Statement
Looking forward estimate of expenses
Cap Rate
NOI/Purchase Price
Liquid
Able to onver to cash
Gross iNCome
Total amount of money made
Capital Gain
Difference between purchase price and amount sold for
property
Boot
Cash received back in a tax deferred exchange
