Sponsor broker Study guides, Class notes & Summaries
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Real Estate U Final Exam Questions And Answers 2024/2025
- Exam (elaborations) • 58 pages • 2023
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Real Estate U Final Exam Questions And Answers 2024/2025 
 
Article 12-A of the NYS Real Property Law Answer: The section of the New York Real Property Law pertaining to real estate salespersons and brokers. 
 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor broker Answer: A licensed real estate broker that holds the license of a salesperson 
 
"Summary of Your Submission" Answer:...
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NY REAL ESTATE EXAM -REVIEW QUESTIONS
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1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead - Answer- -B: Salesperson can accept compensation only from their sponsoring broker. 
 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. - Answer- C. As of July 1,2008 to become a broker you must be 20 years old. 
 
3-Which of the following acts would require a real estate license in New York 
a. Sal...
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Real Estate U Final Exam Questions And Answers 2022/2023
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Article 12-A of the NYS Real Property Law - Answer- - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor - Answer- - A licensed real estate broker that holds the license of a salesperson. 
 
"Summary of Your Submission" - Answer- - Obtained after you register for the New York State...
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REAL ESTATE U FINAL EXAM QUESTIONS AND VERIFIED ANSWERS 2024 GRADED A.
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REAL ESTATE U FINAL EXAM 
QUESTIONS AND VERIFIED 
ANSWERS 2024 GRADED A. 
2 / 8 
1. Article 12-A of the NYS Real Property Law: The section of the NewYork RealProperty Law 
pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
2. Sponsor: A licensed real estate broker that holds the license of a salesperson. 
3. "Summary ofYour Submission": ...
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Real Estate U Final Exam Questions And Answers 2023/2024
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Real Estate U Final Exam Questions And Answers 2023/2024 
Real Estate U Final Exam Questions And 
Answers 2023/2024 
Article 12 A 
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 
Misedemanor 
Crime with no more than 1 year prison or $1,000 fine 
Listing Agreement 
Agreement between salesperso...
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Louisiana Real Estate Exam PSI with Complete Solutions.
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Louisiana Real Estate Exam PSI with Complete Solutions. 
governor ️ has the authority to appoint commissioners to serve on the real estate 
commission 
legislature ️ elected representatives and senators enact laws that regulate the 
real estate industry 
louisiana real estate commission ️ enforces laws concerning real estate and 
establishes rules and regulations for licensees/ primary purpose to protect the public 
realtor ️ licensee who is a member of the local board of realtors 
indiv...
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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Nys Realestateu final exam 2023
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Nys Realestateu final exam 2023 
Article 12 A - Correct Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers 
 
Sponsor - Correct Answer A licensed real estate broker that holds the license of a salesperson 
 
Misdemeanor - Correct Answer A crime punishable by up to a year in prison and / or a $ 1,000 fine . 
 
Listing Agreement - Correct Answer An employment contract between principal and agent , authorizing the agent to perform services for th...
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RealEstate U Pass the New York State Exam (v.2) 2. 2023/2024
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Which of the following is NOT exempt from obtaining a license? - correct answer A licensed attorney acting as a sponsor to a real estate salesperson 
 
A real estate salespersons license must be renewed every .........years. - correct answer 2 
 
A real estate salesperson operates as what type of agent to their client? - correct answer Special Agent 
 
According to this, a broker may be held responsible for the unlawful actions of his/her salespersons? - correct answer Vicarious Liabilit...
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers,100% CORRECT
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers 
 
Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
Fcebook Live - CORRECT ANSWER Video streaming through facebook. 
 
CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...
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