Term
| A deed in which the wording in the granting clause contains "remise and release" is which of the following? |
|
Definition
|
|
Term
| The giving of a power, license, or real property from the state or government to a private individual is known as: |
|
Definition
|
|
Term
| The amount of an assumed mortgage appears on the buyer's statement as a: |
|
Definition
|
|
Term
|
Definition
| is appointed by a power of attorney |
|
|
Term
| If you are a salesperson working with a buyer, then the buyer is your client IF |
|
Definition
| you have an agency contract with the buyer |
|
|
Term
| A business activity where there is a monopoly or conspiracy that negatively impacts another individual or company to do business is called a(n): |
|
Definition
|
|
Term
| A broker who conducts business as a sole proprietorship under an assumed name is classified as a(n): |
|
Definition
|
|
Term
| A notary's acknowledgment of the signature on a deed is necessary: |
|
Definition
| for the deed to be recorded |
|
|
Term
| To place a lien against personal property, one must file a: |
|
Definition
|
|
Term
| A telephone company runs its poles and wires with the rights granted by an easement: |
|
Definition
|
|
Term
| Jim's mechanic's lien will remain against the property for at least: |
|
Definition
|
|
Term
| Ellen Waters owns land along the East River and as the owner, has certain: |
|
Definition
|
|
Term
| When a building is to be constructed above land owned by another, the builder purchases the landowner's: |
|
Definition
|
|
Term
| The broker receives the most incentive to market property when he or she has a(n): |
|
Definition
| exclusive right-to-sell listing |
|
|
Term
| The agency Disclosure form must be presented, explained, and signed when: |
|
Definition
| at the first substantive contact |
|
|
Term
| Broker John Brown owes customer Susan Jones: |
|
Definition
|
|
Term
| A buyer's broker is told by the buyer that he had filed for bankruptcy the year before. The buyer's broker: |
|
Definition
| can politely refuse to provide any information to the seller that would violate her duty of confidentiality to the buyer |
|
|
Term
| If a principal broker loses her license, her associated salespeople must immediately: |
|
Definition
|
|
Term
| A broker must have completed how many hours of prescribed study? |
|
Definition
|
|
Term
| The person appointed by a court to distribute the property of a person dying intestate is a(n): |
|
Definition
|
|
Term
| What should the property manager and owner sign first to manage the property? |
|
Definition
|
|
Term
| A lease that provides for the lessee to pay all or part of the expenses of the property in addition to rent is called a(n): |
|
Definition
|
|
Term
| Another name for actual eviction is: |
|
Definition
|
|
Term
| When a purchaser and seller have a valid contract for the sale of real property, the purchaser has: |
|
Definition
|
|
Term
| NYS law requires agency disclosure at: |
|
Definition
the first substantive contact
the acceptance of a purchase contract
a time prior to the signing of a listing |
|
|
Term
| The persons often involved in an agency are: |
|
Definition
| principal, agent and third party |
|
|
Term
| Jim Surface was not paid for roofing the Smith's home. How long does he have to file a mechanic's lien? |
|
Definition
|
|
Term
| Rosita buys a summer cottage that has a mechanic's lien against it, placed by the workman who was not paid by the former owner Jim, for constructing a dock. The lien now: |
|
Definition
| remains as a claim against the property |
|
|
Term
| To establish an easement by prescription in New York, a person must use another's property, for an uninterrupted period of: |
|
Definition
|
|
Term
| Thomas' neighbor, George, regularly uses Thomas' driveway to reach his garage. George has an easement over Thomas' driveway. Thomas' property is properly called: |
|
Definition
|
|
Term
| A share driveway agreement will probably take the form of a(n): |
|
Definition
|
|
Term
| A declaration before a notary public, providing evidence that a signature is genuine is an: |
|
Definition
|
|
Term
| A lease is considered to be: |
|
Definition
|
|
Term
| A tenant's lease has expired, the tenant has neither left nor negotiated a renewal lease and the landlord has said she does not want the tenant to remain. The tenancy is called: |
|
Definition
|
|
Term
| With a Triple Net Lease, the tenant pays: |
|
Definition
| everything but the mortgage |
|
|
Term
| A ground lease is usually: |
|
Definition
|
|
Term
| Ms. Doran manufactures knitwear in a small rented building. In addition to monthly rent she pays heat, light and property taxes on the building. She probably has a: |
|
Definition
|
|
Term
| The beam that supports the floor joists, is called: |
|
Definition
|
|
Term
| A contract is said to be bilateral if: |
|
Definition
| all parties to the contract are bound to act |
|
|
Term
| Which of the following would have to be licensed as a real estate broker or salesperson to act in a real estate transaction on behalf of another and for a fee? |
|
Definition
|
|
