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NY Real Estate State Exam (Multi Choice) Already Passed
NY Real Estate State Exam (Multi
Choice) Already Passed
An agency relationship is determined by:
a) the source of compensation
b) how well the parties know each other
c) agreement between the principal and the agent
d) first substantive contract ✔✔c) agreement between the principal and the agent
Heat from outside air is utilized through a:
a.reverse conditioner
b.passive solar system
c.heat pump
d.cold air return ✔✔c) heat pump
An automatic renewal clause in a lease is.
a.is not allowed on rent-stabilized apartments
b.is granted every tenant in a building with four or more units
c.is illegal in New York State
d.requires notice from the landlord calling the tenants attention to the clause. ✔✔d) requires
notice from the landlord calling the tenants attention to the clause.
When listing a property, ABC Realty best protects its chances of earning a commission if the
listing is a:
a.exclusive-right-to-sell listing
b.for sale by owner
c.exclusive-agency listing
d.open listing ✔✔a) exclusive-right-to-sell listing
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