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NYS Real Estate U Final Exam – VERIFIED EXAM
BANK WITH CORRECT ANSWERS || 100% PASS
GUARANTEED – 2025
Description:
This verified exam bank for the NYS Real Estate U Final covers property law, agency, licensing,
escrow, ethics, and contracts. All answers are 100% correct and updated for the latest 2025
requirements.
Keywords:
New York real estate exam
NYS Real Estate U
property law
real estate contracts
verified real estate answers
100% pass guarantee
A building system that can provide both heating and cooling through the same ducts.
- ANSWER Forced warm air system
This type of agency is created when a principal does not stop an individual from representing his
or her interests.
- ANSWER Agency by estoppel
, 2
The fiduciary duty that is most at risk when a broker operates as a dual agent.
- ANSWER Loyalty
If a property is assessed at 40% of market value, the assessed value of a property with a market
value of $250,000 would be $100,000.
- ANSWER Assessed value
Upon selling their home, married couples are exempt from paying taxes on capital gains up to
$500,000.
- ANSWER Capital gains tax exemption
The party that gives a mortgage. –
ANSWER Mortgagor
Documents that describe the rights and obligations of owners for a condominium.
- ANSWER By-laws
, 3
The entity to which a property owner should apply to obtain a variance on their property.
- ANSWER Zoning Board of Appeals
An interest in real property where a couple owns a property as a tenancy by the entirety, and
upon the death of one spouse, the other gains full ownership.
- ANSWER Life estate
The division of expenses and income between a buyer and seller at closing. - ANSWER
Proration
The interests in real property that offer the most complete form of ownership. - ANSWER
Fee simple absolute estates
The municipal agency responsible for enforcing the Building Code. - ANSWER Department
of Buildings
The document that shows the list of owners to a property, from the original owner to the present
owner. - ANSWER Chain of title
, 4
For tax purposes, commercial properties depreciate over 39 years. - ANSWER Straight-line
depreciation method
If a broker earns a total commission of 5% and received $14,250 in commissions, the final sales
price of the house was $285,000. - ANSWER Final sales price
A budget that forecasts income and expenses as may be reasonably projected over a short term. -
ANSWER Stabilized budget
Created when a property owner builds a fence that partially crosses the neighbor's property line.
- ANSWER Encroachment
The person appointed by a court to distribute this property is known as a personal representative.
- ANSWER Intestate decedent's property
Administrator - ANSWER
Under which section of a deed will the property's address be listed? - ANSWER Legal
description of the property
NYS Real Estate U Final Exam – VERIFIED EXAM
BANK WITH CORRECT ANSWERS || 100% PASS
GUARANTEED – 2025
Description:
This verified exam bank for the NYS Real Estate U Final covers property law, agency, licensing,
escrow, ethics, and contracts. All answers are 100% correct and updated for the latest 2025
requirements.
Keywords:
New York real estate exam
NYS Real Estate U
property law
real estate contracts
verified real estate answers
100% pass guarantee
A building system that can provide both heating and cooling through the same ducts.
- ANSWER Forced warm air system
This type of agency is created when a principal does not stop an individual from representing his
or her interests.
- ANSWER Agency by estoppel
, 2
The fiduciary duty that is most at risk when a broker operates as a dual agent.
- ANSWER Loyalty
If a property is assessed at 40% of market value, the assessed value of a property with a market
value of $250,000 would be $100,000.
- ANSWER Assessed value
Upon selling their home, married couples are exempt from paying taxes on capital gains up to
$500,000.
- ANSWER Capital gains tax exemption
The party that gives a mortgage. –
ANSWER Mortgagor
Documents that describe the rights and obligations of owners for a condominium.
- ANSWER By-laws
, 3
The entity to which a property owner should apply to obtain a variance on their property.
- ANSWER Zoning Board of Appeals
An interest in real property where a couple owns a property as a tenancy by the entirety, and
upon the death of one spouse, the other gains full ownership.
- ANSWER Life estate
The division of expenses and income between a buyer and seller at closing. - ANSWER
Proration
The interests in real property that offer the most complete form of ownership. - ANSWER
Fee simple absolute estates
The municipal agency responsible for enforcing the Building Code. - ANSWER Department
of Buildings
The document that shows the list of owners to a property, from the original owner to the present
owner. - ANSWER Chain of title
, 4
For tax purposes, commercial properties depreciate over 39 years. - ANSWER Straight-line
depreciation method
If a broker earns a total commission of 5% and received $14,250 in commissions, the final sales
price of the house was $285,000. - ANSWER Final sales price
A budget that forecasts income and expenses as may be reasonably projected over a short term. -
ANSWER Stabilized budget
Created when a property owner builds a fence that partially crosses the neighbor's property line.
- ANSWER Encroachment
The person appointed by a court to distribute this property is known as a personal representative.
- ANSWER Intestate decedent's property
Administrator - ANSWER
Under which section of a deed will the property's address be listed? - ANSWER Legal
description of the property
