Are you planning on becoming a real estate salesperson in New York? Living in New York is the dream of most Americans due to the opportunities it has and how it is welcoming to outsiders with the promise of growth. Getting a place to live around the city can be a little of a hustle unless you have good connections. Take this test and see how much you know about the area.
Place it in her personal checking account
Place it in her business operating account immediately
Place it in her escrow account immediately
Place it in a safe deposit box
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Open
Exclusive agency
Exclusive right to sell
Net
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A violation of Article 12-A of the license law
Allowable with respect to commercial transactions only
Allowable under the New York law with disclosure and informed consent
A violation of the agency laws of New York
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A minimum of a salesperson license
A minimum of a broker license
A stock broker's license
No license
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Seller
Cooperating broker
Employing broker
Customer
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Commission to the agent no matter who sells the property
Full commission to the seller if the principal sells the property
Commission to the agent whether the property is sold or not
Commission to the agent only if the principal sells the property
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Negotiating the exchange of real property for others
Renting units for several different owners
Auctioning real property
Sale of a business where there is no real property
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Exclusive agency
Open listing
Net listing
Exclusive right to sell
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Write ad copy
Type offers to purchase
Assemble information for a comparative market analysis
Make a listing presentation
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1 year
2 years
3 years
4 years
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Implied agency
Express agency
Express single agency
Implied dual agency
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Attorneys licensed to practice in New York
Public officers
Trustees of a bankruptcy
Property managers working for more than one owner
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One year's experience as a salesperson
Two year's experience as a salesperson
An Associate of Arts degree in real estate
A Bachelor of Arts degree in real estate
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Quiz Review Timeline (Updated): Mar 21, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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