NY Real Estate State Exam (Multi Choice) Already Passed

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