NY Real Estate State Exam (Mult Choice) 2022 LATEST

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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 [Show More]

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