Nys Real Estate Practice Exam Questions And Answers (Graded A)

Who creates the real estate "Contract of Sale"? {Ans: Sellers Attorney}Who do I owe my Fiduciary duties to? Client or Customer? {Ans: Client}What is the minimum age to become a real estate broker? {Ans: 20}When I goto the building department and i want to put an extension on my house or modify something, I am making an application for? {Ans: Building Permit}What would you call the first wooden member to be laid down on the foundation wall? {Ans: Still Plate}As a property manager I am what kind of agent? {Ans: A General Agent}What is the name of refrigerant that was destroying the ozone layers of the atmosphere? {Ans: Freon}if a seller nets 180 k from the sale of his property after paying a 10% broker fee, what was the selling price of the property? {Ans: 180000x.1+180000= 198000}What is a lien of the highest priority? {Ans: Real Property Tax}At what age can you become a real estate salesperson? {Ans: 18}The borrower is called {Ans: The mortgagor}Who signs the contract first? {Ans: Buyer}As a real estate sales person I am what kind of agent? {Ans: Special Agent}What classes were