Real Estate U Final Exam Questions and Answers 100% Pass

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Real Estate U Final Exam Questions and Answers 100% Pass Article 12-A of the NYS Real Property Law ✔✔- The section of the New York Real Property Law pertaining to real estate salespersons and b... rokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor ✔✔- A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" ✔✔- Obtained after you register for the New York State Salesperson exam using eAccessNY. You must bring your "Summary of Your Submission" with you when taking the State exam. Misdemeanor ✔✔- A crime punishable by up to a year in prison and/or a $1,000 fine. Listing Agreement ✔✔- An employment contract between principal and agent, authorizing the agent to perform services for the principle involving the latter's property Pocket Card ✔✔- A card issued by the Department of State to each licensee which contains the photo, name and business address of the licensee, and, in the case of a real estate salesperson, the name and business address of the broker with whom he or she is associated and shall certify that the person whose name appears thereon is a licensed real estate broker or salesperson. - Must be carried by the agent at all times when serving as a salesperson. Fiduciary ✔✔- A person who on behalf of or for the benefit of another transacts business or handles money or property not the person's own; such relationship implies great confidence and trust. OLD CAR ✔✔- Obedience - Loyalty - Disclosure - Confidentiality - Accountability - Reasonable Care Obedience ✔✔- Agent must act in accordance to clients demands/instructions. Loyalty ✔✔- Agent must work in the best interest of the client. Disclosure of Information ✔✔- A [Show More]

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