New York State Real Estate Salesperson Licensing Exam
Study online at https://quizlet.com/_v43va
1. In NYS, how old must one be to enter into contracts?: 18
2. What other capability should they possess?: Mental and emotional capability
3. What happens if one of the parties to the contract is a minor?: The contract is voidable
by the minor
4. What does the zoning board of appeals do?: Grants variances
5. What regulates construction standards in NYS?: Building codes
6. What does municipal engineer's office do?: Oversees planning and construction of major
highways, sweet systems and water connections
7. If a property ad states that the property is near the vicinity of a geographical
area, what else mud the ad include?: It must include the name of the geographical area where the
property is actually located
8. Who is usually exempt from property taxes?: Disabled, veterans, farmers, elderly gold star
parents *kids die in the war, star program homeowners
9. Who is not usually exempt from property taxes?: Second home owners
10. What covers fully or personal property lost in a fire?: Replacement cost
11. Find the square footage of a rectangular shaped floor plan. How do you find
the area of a square/rectangle?: Length x Width = Area
12. What is the cash on cash return on a $2,000,000 property with a down
payment of $500,000 and $15,000 monthly rental income?: 36%
13. Who hires the agent?: Principal or client
14. What is not a CMA (Comparative Market Analysis?): An apprasial
15. What cannot a salesperson do?: Collect money directly from the client or customer
16. When should the Agency disclosure form be submitted?: At the first substantive contact
17. Which document describes the agency (who he or she represents) of the
salesperson?: Agency disclosure form
18. What is another name for the slope of a roof?: Pitch
19. What carcinogenic component was used as insulation in electric transform-
ers that contaminated soil and ground water?: PCB's or polychlorinated biphenyls
20. What can brokers provide their salespeople if they are independent contrac-
tors?: Office phone
21. Whats right to access whiter from a river or stream called?: Riparian
22. What did the civil rights act of 1866 protect without exception?: Race
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Study online at https://quizlet.com/_v43va
1. In NYS, how old must one be to enter into contracts?: 18
2. What other capability should they possess?: Mental and emotional capability
3. What happens if one of the parties to the contract is a minor?: The contract is voidable
by the minor
4. What does the zoning board of appeals do?: Grants variances
5. What regulates construction standards in NYS?: Building codes
6. What does municipal engineer's office do?: Oversees planning and construction of major
highways, sweet systems and water connections
7. If a property ad states that the property is near the vicinity of a geographical
area, what else mud the ad include?: It must include the name of the geographical area where the
property is actually located
8. Who is usually exempt from property taxes?: Disabled, veterans, farmers, elderly gold star
parents *kids die in the war, star program homeowners
9. Who is not usually exempt from property taxes?: Second home owners
10. What covers fully or personal property lost in a fire?: Replacement cost
11. Find the square footage of a rectangular shaped floor plan. How do you find
the area of a square/rectangle?: Length x Width = Area
12. What is the cash on cash return on a $2,000,000 property with a down
payment of $500,000 and $15,000 monthly rental income?: 36%
13. Who hires the agent?: Principal or client
14. What is not a CMA (Comparative Market Analysis?): An apprasial
15. What cannot a salesperson do?: Collect money directly from the client or customer
16. When should the Agency disclosure form be submitted?: At the first substantive contact
17. Which document describes the agency (who he or she represents) of the
salesperson?: Agency disclosure form
18. What is another name for the slope of a roof?: Pitch
19. What carcinogenic component was used as insulation in electric transform-
ers that contaminated soil and ground water?: PCB's or polychlorinated biphenyls
20. What can brokers provide their salespeople if they are independent contrac-
tors?: Office phone
21. Whats right to access whiter from a river or stream called?: Riparian
22. What did the civil rights act of 1866 protect without exception?: Race
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