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NY REAL ESTATE EXAM 2025 | ALL QUESTIONS AND CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWERS | LATEST EXAM | BRAND NEW VERSION!
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d. Section 443 of the Real Property Law ---------CORRECT ANSWER-------- ---------a. Section 3508 (a) (b) of the IRS Code
d. proprietary lease ---------CORRECT ANSWER-----------------b. periodic lease
d. and/or a broker are not entitled to any exemptions to fair housing laws in the sale of a single-family home in New York. ---------CORRECT ANSWER- ----------------d. and/or a broker are not entitled to any exemptions to fair housing laws in the sale of a single-family home in New York.
a. vacancy factor b. loss factor c. unused perimeter d. common areas ---------CORRECT ANSWER-----------------b. loss factor
One of the main differences between a loft and other types of commercial space for a lease is that a loft: a. is not usually divided into rooms b. is always more expensive per square foot than other types of space c. always has a private elevator d. is generally under rent control ---------CORRECT ANSWER----------------- a. is not usually divided into rooms
A lease agreement for commercial property is generally: a. standard throughout the state b. customized to the particular space and tenant c. for ten years or more d. a periodic lease ---------CORRECT ANSWER-----------------b. customized to the particular space and tenant
IayCee paid $400,000 for an investment property. She also has a loss of $50,000 due to a fire. She values her property at $350,000. This value is which of the following? a. appraised value b. adjusted basis c. basis d. market value ---------CORRECT ANSWER-----------------b. adjusted basis