Review Exam For State

REVIEW EXAM #1
 
1-A cistron legitimately may wages all or part of Real estate heraldic bearing to a
a.       seller
b.       tradesperson
c.       buyer
d.      friend who provides a listing lead
 
 
2-The minimum age for a New York real estate brokers freedom is
a.       19.
b.      18.
c.       20.
d.      21.
 
 
3-Which of the following roleplays would require a real estate freedom in New York
a.       Sale of ones take in property
b.      Sale by the owners lawyer
c.       Sale of inflict by an auctioneer
d.      Foreclosure sale by court order
 
 
4-An associate broker may
a.       sponsor a person for a salespersons license.
b.      collect his or her own real estate fees.
c.       act as a principal broker for another broker.
d.       throw as a salesperson for a principal broker
 
 
5-Violation of the license law is a misdemeanor, Punishable by up to a year in jail and a fine of
Up to
a.       $500.
b.      $2,000.
c.       $1,000.
d.      $1,500.
 
 
6-When salesperson Tom Jones left ABC Realty And went to pasture with XYZ REALTORS,
Toms listings
a.       became null and void.
b.      Remained with ABC Realty.
c.       Went with him to XYZ REALTORS.
d.      Required the sellers signatures to await in the topical anaesthetic MLS.
 
 
 
 
 
7-A salespersons license must(prenominal) be
a.



       displayed on the firms wall.
b.      kept in the salespersons wallet
c.       retained by the principal broker.
d.      d. sent to the local REALTORS association.
 
 
8-When does offering a clients line of descent for sale Require a real estate license?
a.       Never
b.      Always
c.       When the business includes any real estate
d.      When more then half the grade is real estate
 
 
 
9- An apartment information vendor is licensed by:
a.      Department of Law         
b.     New York Attorney Generals office        
c.     Department of State         
d.     Division of Housing and company Rental
 
10-When a license is revoked, how long...If you want to get a copious essay, order it on our website: Orderessay



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