Ch. 1 - The Real Estate Transaction Flashcards
1
Q
How old must a person be who wishes to become licensed in New York?
A
Salespersons must be 18 years old; brokers must be 20 years old.
2
Q
How many hours of instruction are required to become licensed in New York?
A
Salespersons are required to complete 75 hours of instruction; brokers must complete 120 hours.
3
Q
When the licensee has a buyer brokerage agreement with a purchaser, he or she must represent the best interests of the _____ rather than the _____ .
A
buyer, seller
