exam Flashcards
schedule c as independent _____
contractor
attorney is not exempt from having a sales license if they sponsor a sales ____
agent
the customer that hires the ________ becomes the client
sales agent/broker
special agent is a
real estate agent
general agent is a property
manager
accountability is the fiduciary that is ____ when a broker is comingling
violated
dual agency
disclosure from at 1 st substantive contact
exclusive right to
sell
tenancy in common survivor___
ship
joint tenancy in no survivor___
ship
water
ny state health department is responsible for drinking ____
ny county health dept is responsible for the ___
septic
mortgage banker licensed with ny state banking
dept
ho4 covers renters and homeowners
insurance
flood insurance is purchased
seperately
riparian rights
land by river stream
when a broker acts in the best interest of the party that is opposite her client this is a situation of what
undisclosed dual agency
who determines license laws
department of state
who oversses water law
department of state
whawt is the slope of a roof
pitch
what is a wraparound laon
KIND OF SECOND MORTGAGE
what age to sign a deed
18
what age to sign a contract
18
what age to become a salesperson
18
for a contrac tot be valid it must be
written and signed1
what is the borrowr called
mortgagor
cash on cash 2 million 500,000 down 15,00 per month income
coc is 36%
who does not haver a property tax exemption
second homeowner
if a superintedent fixes a broekn facucet that is what kind of maintance
corrective
to find the actual cost of occupied sq ft you must calculate tho
usable square footage vs rentable sq footage
if a house burned in a fire what types of insurance will cover the complete cost of belongigns
replacement cost
who signs the deed
the grantor
who licenses mortggage broekrs
the dept of banking
the cma is never refeered to as
an appraisal
who can a salesperson collect comission from
the supervising broker
who can a salesperson collect commission from
the supervising broker
who licenses mortagage brokers
the dept of banking
who licenses mortgage brokers
the dept of banking
if a superintedent fixes a broekn fauce that is what kind of maintance
correctibve
appraisal
the cma is never reffered to as
the cma is never refered to as an
aapraisal
violations in ny real property law consiidered
misdemamor
situation where byer receives financial ssitance with down payment and in exhcnage gives up share in profits
shared equity mortgage
situation where buyer receives financial assisttance wiuth down payment and in exchange gives up share in profits
shared equity mortgage
when money plentiful interest ratesa go
up
when money is plentiful interest rates go
up
there are nver exceptions from fair housigng laws in
rtace
lease of unfinsihed ope space
loft
leas of storage or warehouse space that is unfished and not divided into rooms
net lease
how long must a salesperson wait to renew their license after it has been revoked
one year
if beth purchased a property that gave her an easement to cross a driveway to get to a bench, what is the type of easement
easement appurtenant
what act regulates cfc
clean air act
what gov agency ensures clean water
health department
health department is responsible for approving septic and other santion
systems
there is a lovely the4ater from the 1800s the neighbrhood want to keep its authenticity which agency should they aprpoach
landmark prservation comissionwhat is
what is the term described in the profits after taxes
net operating incomes
what is the term described in the profits after taxes
net operating incomewh
what is the term described in the profits after taxes
net operating income
what is an agent called that always represents the purchaser
buyers agentwhat
what is a broker called that always represents the purhcaser
byers brokers
what can the broker pay for for their agents
telephoneswhat
is the report that shows what proeprties have been sold recently similar proerpties in the area expired listeing
comparative market analysis
who signs the contract first
BUYER
WHAT IS IUT CALLED WHEN YOU USE OTHER PEOPLES MONEY
LEVERAGE
AT CLOSING THE ALLOCATING OF TAXES MAINTENCANCE ETC IS WHAT
PRORATION
WHAT documents valids a proprietary deed
shares of stock in corporation
