Estate U Nys - Chapter 1 Exam Questions And Answers 2024/2025 Graded A

A price below which an owner will not sell the property, and at which price a broker will not receive a commission is referred to as what...? A. Distressed Price B. Net Price C. Below Market Value D. Net Listing {Ans: D. Net Listing}Which of the following actions will NOT lead the suspension or revocation of a real estate license...? A. Accepting a bonus from a sponsoring broker B. Practicing Law without being a lawyer C. Using blind ads D. Commingling of funds {Ans: A. Accepting a bonus from a sponsoring broker}What must a licensed real estate salesperson keep on him or herself at all times when practicing as an agent...? A. Business Card B. Pocket Card C. NYS Driver's License D. Cell Phone {Ans: B. Pocket Card}A service provided by a group of real estate brokers that allows each of them to list each other's houses is known as what...? A. Listing Service B. Multiple Listing Service C. Listing Platform D. Craigslist {Ans: B. Multiple Listing Service}Which of the following individuals works under a real estate broker...? A. Real Estate Salesperson B. Real Estate Attorney C. Mortgage broker D. A homeowner looking to sell their