NY REAL ESTATE EXAM (2022/2023) ALREADY PASSED

Document Content and Description Below

NY REAL ESTATE EXAM (2022/2023) ALREADY PASSED associate real estate broker ✔✔a licensed real estate broker who may perform the acts of a broker but chooses to work under the name and supervisi... on and license of a licensed broker real estate broker ✔✔any oersons partnership association or corporation who, for another and for compensation of any kind negotiates any form of real eatate transaction. The New York Department of State Division of Licensing Services ✔✔oversees licensure real estate salesperson ✔✔anyone who performs as a real estate broker for compensation of any kind, but does so only while associated, licensed with, and supervised by a licensed broker who is the salespersons sponsor sponser ✔✔a salesperson or an associate cannot work independently eAccess NY ✔✔NYS Department of states password protected occupational licensing management system Misdemeanor ✔✔less serious crime under law than felony terminations of association ✔✔DOS requires termination of salesperson by the principle broker before it permits a change of association by a new brokerage firm Reciprocity ✔✔nonresident licensees who want NY licensure and who live in the states that do not require NY salespersons and brokers to have an office in their state or pass their exam do not have to do so in NY home inspector ✔✔observes and provides a written report of the systems and components of a residential building for compensation. kickback ✔✔can occur when a broker pays an unlicensed person for obtaining a listing. blind ad ✔✔ad that does not contain full address or phone n [Show More]

Last updated: 1 year ago

Preview 1 out of 18 pages