- All states have their own test. Check your state for specific information. In general, you should expect your real estate licensing exam to be around multiple choice questions; about state-specific questions, and about questions related to generally...Link: https://academia.edu/37109069/How_to_Prepare_for_CQIA_exam_on_ASQ_Certified_Quality_Improvement_Associate_CQIA_
- You can find a comprehensive list of free real estate practice exams, sample questions, study guides, flashcards, and more resources linked above. Is the Real Estate Licensing Exam multiple choice? In general, you should expect state-specific...Link: https://asq.org/
- The actual exam has 75 questions and you are given 90 minutes to complete it. Which of the following is not a fiduciary duty that a real estate agent owes to a client? Principal c. Accountability d. Confidentiality Fiduciary duties include Obedience obey reasonable and legal instructions , Loyalty diligence to serve the best interests of the client , Disclosure promptly communicate all information about the transaction , Confidentiality cannot disclose information given in faith and trust without the permission of the client , Accountability financial accountability including accurate record keeping and Reasonable Skill and Care agents possess the necessary skills and training to perform the requested services.Link: http://arnoldit.com/wordpress/2020/02/19/a-fanciful-explanation-of-the-expensive-failure-of-ibm-watson/
- Principal is a person who bound by an agency relationship to represent their client. Incorrect answer. Please choose another answer. A special agent is authorized to do the following: a. A special agent also called limited agent, has narrow authorization to perform a specific task or conduct a specific transaction i.Link: https://cs.cmu.edu/~pradeepr/convexopt/HWs/hw1.pdf
- This is generally a short-term relationship and generally is limited to tasks such as marketing, showing property, locating property and any other services related to the transaction. Which of the following statements on leasehold estates are true? A leasehold estate is for a limited time. A leasehold estate grants possession, but not title. A and B are true d. Neither A nor B are true A leasehold estate grants temporary right of possession to a property without title for a defined amount of time. The title stays with the landlord. The owner of a leasehold estate is a lessee or tenant and has exclusive right of use. Which of the following is not an essential element of a lease?Link: http://cad.gov.rs/upload/Vazduhoplovno%20osoblje/2018/Letacko%20osoblje/Ispiti/Avion/English/A6.Navigation.pdf
- A formal, legal description of the property. A lease term c. A clause addressing when the tenant is takes possession of the property. Signatures of the lessee and lessor. A lease does not require a legal description. A street address or other informal reference as to the location of the property may be used as long as both parties are in agreement and have a clear understanding of its location. Additionally, apartment or building numbers should be used if more than one unit share the same street address. A lease term, specified rent, date of possession and the signature of the parties are elements of a lease.Link: https://chaptercheats.com/qna/pc/31148/Stupidity-Test-Answers.htm?qid=66424
- New York Real Estate Finance 5. If the loan-to-value ratio is. What is the amount the buyer is mortgaging? Purchase price times the loan-to-value ratio equals the mortgage amount. Loan origination fee divided by mortgage amount equals the loan origination percentage. The impact of borrowed funds to purchase property when capital is not available is called: a. Liquidity b. Time value of money c. Leverage d. Rate of return Leverage is the effect borrowed funds have on investment returns. A developer wants to build single family homes, a few groupings of townhomes and a small apartment building along with a small park with basketball courts and walking trails. This is an example of what type of zoning? Cluster zoning c. Residential zoning d. Commercial zoning Cluster zoning is an example of multi-use zoning where a number of residential uses are allowed in one zone. Typically, the builder places residences closer together in exchange for leaving certain areas open and available to the community.Link: https://youtube.com/watch?v=ivljY9n27m0
- In eminent domain, what value is the owner entitled to as compensation for the taking of real property? Actual cost c. Market value d. The property owner is paid the fair market value FMV of the property. FMV is basically the price that a buyer with reasonable knowledge of the asset would pay under conditions where the buyer is acting in his or her own self-interest without undue influence and with sufficient time to complete the transaction.Link: https://fgisonline.ams.usda.gov/F_IDW/default_home_F_IDW.aspx
- Market value is simply the price shown in a listing and does not take into account other market factors. The appraised value is only the opinion of one appraiser. To determine FMV, typically the owner and the government will negotiate and attempt to arrive at an agreement of sale. However, in the event a value is not agreed to, the parties will typically call expert witnesses at trial to testify to the FMV based on a number of factors, such as the size of the property, the accessiblity of the property, zoning, level of development and current or potential use. Different valuation approaches can be used to determine FMV, for example, market approach, income approach and cost approach. What is the difference between Assessed Value and Appraised Value?Link: https://cdc.gov/niosh/docs/96-101/default.html
- One estimates the property value for insurance coverage and the other is used to compute property taxes. One is used to determine what a bank is willing to lend for the property and the other is used to determine a return on a certain dollar investment. One is used to determine a return on a certain dollar investment and the other is used to compute property taxes. One is used to compute property taxes and the other is used to determine what a bank is willing to lend for the property. Assessed value is a dollar amount of worth determined by a town, city or village assessor which is applied to a local tax rate to calculate the amount of real property tax. Assessed value is documented in local tax records and is reviewed every one to two years by the municipality.Link: https://rehansaeed.com/gitattributes-best-practices/
- The amendments also added new enforcement provisions for the Department of Housing and Urban Development HUD and imposed new regulations for public buildings. Active income, as defined by the IRS, includes: a. Interest income c. Gain from sale of assets d. Dividend income. Active income is income received from performing services, including wages, salaries, commissions, tips and from businesses where the tax payer materially participates. Other types of income are portfolio income; interest, dividends, annuities or royalties and passive income; earnings derived from trade or business where taxpayer is not an active participant and rental activities. Real estate taxes are calculated based on: a. An assessed value b. An average value based on surrounding properties c.Link: https://biostars.org/p/416457/
- In order to schedule your examination, you must have an account on eAccessNY. If you do not have an account, you should go to the eAccessNY overview page and click on "Create my Account". Persons with disabilities who require accessibility information should call Persons who require testing modifications should not schedule an exam and, should instead, call A form of government issued signature identification which must be photo-bearing. The page you were requested to print when you scheduled your exam on eAccessNY. Two sanitized and sharpened 2 pencils Exam Site Policies Calculators are permitted if they are battery or solar powered, silent, nonprinting and do not contain an alphabetic keyboard.Link: https://study.com/academy/exam/course/biology-202-anatomy-physiology-ii.html
- PDA's are not allowed. Cellular phones, beepers and any other electronic devices MUST be turned off during the exam. Dictionaries, books, other reference materials, large bags and briefcases are not allowed at the exam site. Do not bring these materials to the exam site as there is no place to store them. Eating, drinking or smoking is not permitted at the exam site. If you bring food or beverages, you will be asked to dispose of them before entering the exam site. Visitors, guests and children are not permitted at the exam site. Any person found using notes, books, or other aids; giving or receiving help; removing examination materials or notes from the exam site; causing a disturbance or engaging in practices contrary to the rules of proper examination conduct will be dismissed from the exam site. Any decisions regarding disciplinary measures will be made by the Exam Supervisor at the Department of State.Link: https://cselectronic.it/alpaca-vs-tealios.html
- Score Reporting Exam results are reported as either passed or failed; you will not receive a numerical score. Passed exam results are only valid for a period of two years. Results will not be given over the phone, so please do not call Licensing Services for them. Exam results will be available online by utilizing your account in eAccessNY.Link: https://justanswer.com/hvac/77orv-please-help-troubleshoot-heat-n-glo-fireplace.html
- The exam results will be available as soon as possible after they are received by the Exam Unit and scored. If you pass the exam, you should apply online utilizing your account in eAccessNY. If you fail the exam, you can schedule another exam by utilizing your account in eAccessNY. About the Exam The written exam is multiple choice and based on the hour pre-licensing curriculum. The allotted time begins at the conclusion of the instructions. This exam is offered in the following languages: Spanish, Korean, Russian and Chinese. If you wish to take the exam in one of these four languages, please notify an exam proctor when you report to the test center. Exam Sites and Addresses.Link: http://stalkerbilling.whmcssmarters.com/zjc_geography_notes_and_exam_questions.pdf
- That is why we have provided you with this page of every resource that you could possibly need to get the job done. Textbooks, practice exams, tutoring resources and more for every price level — all geared at getting you ready for that NYS real estate exam. Salesperson Textbook "New York Real Estate For Salespersons" textbook covers the fundamentals of real estate profession that are needed to fulfill the new hour curriculum requirement in New York. Our challenging and easy to use sample tests will help you prepare for your Salesperson or Broker exam. It addresses both school and state requirements for salesperson and broker candidates. Acclaimed teacher Kristen bacorn believes real estate should never be boring or overly complex. Put your fears aside - you have come to right place! The NYS real estate exam is like any other exam: If you do not study at all, or prep in any way, yes it is hard.Link: https://racingpost.com/sport/tottenham-v-wolfsberger-predictions-hard-to-have-full-faith-in-spurs/474844
- But if you take advantage of the resources on this page, there is no reason why you should not pass. How many questions are on the New York state real estate exam? There are 75 questions on the New York real estate exam. How long is the NYS real estate exam? How much does it cost to take the real estate exam in New York? While other schools continue to imitate NYREI will continue to innovate.Link: http://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B133417C2-325D-4E6B-BC06-021A90C118E7%7D
- The actual exam has 75 questions and you are given 90 minutes to complete it. Which of the following is not a fiduciary duty that a real estate agent owes to a client? Principal c. Accountability d. Confidentiality Fiduciary duties include Obedience obey reasonable and legal instructions , Loyalty diligence to serve the best interests of the client , Disclosure promptly communicate all information about the transaction , Confidentiality cannot disclose information given in faith and trust without the permission of the client , Accountability financial accountability including accurate record keeping and Reasonable Skill and Care agents possess the necessary skills and training to perform the requested services. Principal is a person who bound by an agency relationship to represent their client. Incorrect answer. Please choose another answer. A special agent is authorized to do the following: a.Link: https://cf.squathostel.ru/176.html
- A special agent also called limited agent, has narrow authorization to perform a specific task or conduct a specific transaction i. This is generally a short-term relationship and generally is limited to tasks such as marketing, showing property, locating property and any other services related to the transaction. Which of the following statements on leasehold estates are true? A leasehold estate is for a limited time. A leasehold estate grants possession, but not title. A and B are true d. Neither A nor B are true A leasehold estate grants temporary right of possession to a property without title for a defined amount of time. The title stays with the landlord. The owner of a leasehold estate is a lessee or tenant and has exclusive right of use. Which of the following is not an essential element of a lease? A formal, legal description of the property. A lease term c. A clause addressing when the tenant is takes possession of the property. Signatures of the lessee and lessor.Link: https://talentlms.com/pages/docs/TalentLMS-API-Documentation.pdf
- A lease does not require a legal description. A street address or other informal reference as to the location of the property may be used as long as both parties are in agreement and have a clear understanding of its location. Additionally, apartment or building numbers should be used if more than one unit share the same street address. A lease term, specified rent, date of possession and the signature of the parties are elements of a lease. New York Real Estate Finance 5. If the loan-to-value ratio is. What is the amount the buyer is mortgaging? Purchase price times the loan-to-value ratio equals the mortgage amount. Loan origination fee divided by mortgage amount equals the loan origination percentage. The impact of borrowed funds to purchase property when capital is not available is called: a. Liquidity b. Time value of money c. Leverage d. Rate of return Leverage is the effect borrowed funds have on investment returns. A developer wants to build single family homes, a few groupings of townhomes and a small apartment building along with a small park with basketball courts and walking trails.Link: https://embibe.com/exams/vee/
- This is an example of what type of zoning? Cluster zoning c. Residential zoning d. Commercial zoning Cluster zoning is an example of multi-use zoning where a number of residential uses are allowed in one zone. Typically, the builder places residences closer together in exchange for leaving certain areas open and available to the community. In eminent domain, what value is the owner entitled to as compensation for the taking of real property? Actual cost c. Market value d. The property owner is paid the fair market value FMV of the property. FMV is basically the price that a buyer with reasonable knowledge of the asset would pay under conditions where the buyer is acting in his or her own self-interest without undue influence and with sufficient time to complete the transaction.Link: https://law.justia.com/cases/california/court-of-appeal/2020/d072779.html
- Market value is simply the price shown in a listing and does not take into account other market factors. The appraised value is only the opinion of one appraiser. To determine FMV, typically the owner and the government will negotiate and attempt to arrive at an agreement of sale. However, in the event a value is not agreed to, the parties will typically call expert witnesses at trial to testify to the FMV based on a number of factors, such as the size of the property, the accessiblity of the property, zoning, level of development and current or potential use. Different valuation approaches can be used to determine FMV, for example, market approach, income approach and cost approach. What is the difference between Assessed Value and Appraised Value?Link: https://help.webex.com/en-us/poqjhk/Configure-On-Premises-Devices-for-Cisco-Webex-Teams-Users
- Assessed value is documented in local tax records and is reviewed every one to two years by the municipality. Appraised value is an estimate of value of a property at a given time for a specific purpose used to determine value is sufficient to secure payment of a mortgage loan. In an appraisal of commercial property, which of the following criteria is used to determine the properties highest and best use? Physically possible c. Maximally productive d. All of the above. Highest and best use refers to the use of the land that preserves its usefulness, provides the greatest income and results in the highest property value. This is particularly important with commercial properties. Evaluating what is legally allowable, physically possible, maximally productive and financially feasible are all tests that must be considered.Link: https://ieltsliz.com/ielts-true-false-not-given-essential-tips/
- In , the Federal Fair Housing Act was amended to include the following protected class: a. Familial status and mental and physical disability b. Race or Color c. Sex d. Religion and national origin Congress passed amendments to the Fair Housing Act in , adding two new protected classes — persons with mental or physical disabilities and familial status. The amendments also added new enforcement provisions for the Department of Housing and Urban Development HUD and imposed new regulations for public buildings. Active income, as defined by the IRS, includes: a. Interest income c.Link: https://youtube.com/watch?v=10mXUlyyr0A
- Gain from sale of assets d. Dividend income. Active income is income received from performing services, including wages, salaries, commissions, tips and from businesses where the tax payer materially participates. Other types of income are portfolio income; interest, dividends, annuities or royalties and passive income; earnings derived from trade or business where taxpayer is not an active participant and rental activities. Real estate taxes are calculated based on: a. An assessed value b. An average value based on surrounding properties c. The last sale price of the property.Link: https://cms.riversideinsights.com/uploads/c76c166db07d470abf171bbc083ea456.pdf
- A company real estate syndicate Certificate of insurance Certificate of occupancy The national code for Coldwell Banker CO is an abbreviation for certificate of occupancy, which is the municipal document verifying that the premises and parts thereof are approved and safe for occupancy. Building additions usually require a CO. A building inspector performs an inspection before the CO is issued and also checks properties for violations. CO is an abbreviation for certificate of occupancy, which is the municipal document verifying that the premises and parts thereof are approved and safe for occupancy.Link: https://thfp.com/covid-19/member/health-wellness/testing
Wednesday, April 21, 2021
Ny Real Estate Salesperson Practice Exam
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