New York State Real Estate Salesperson Licensing Exam Questions with Complete Solutions (Latest 2025) In NYS, how old must one be to enter into contracts? - Correct Answers ✅18 What other capability should they possess? - Correct Answers ✅Mental and emotional capability What happens if one of the parties to the contract is a minor?
- Correct Answers ✅The contract is voidable by the minor
What does the zoning board of appeals do? - Correct Answers ✅Grants variances What regulates construction standards in NYS? - Correct Answers ✅Building codes What does municipal engineer's office do? - Correct Answers ✅Oversees planning and construction of major highways, sweet systems and water connections If a property ad states that the property is near the vicinity of a geographical area, what else mud the ad include? - Correct Answers ✅It must include the name of the geographical area where the property is actually located 1 / 2
New York State Real Estate Salesperson Licensing Exam Questions with Complete Solutions (Latest 2025) Who is usually exempt from property taxes? - Correct Answers ✅Disabled, veterans, farmers, elderly gold star parents *kids die in the war, star program homeowners Who is not usually exempt from property taxes? - Correct Answers ✅Second home owners What covers fully or personal property lost in a fire? - Correct Answers ✅Replacement cost Find the square footage of a rectangular shaped floor plan.How do you find the area of a square/rectangle? - Correct Answers ✅Length x Width = Area What is the cash on cash return on a $2,000,000 property with a down payment of $500,000 and $15,000 monthly rental income? - Correct Answers ✅36% Who hires the agent? - Correct Answers ✅Principal or client What is not a CMA (Comparative Market Analysis?) - Correct Answers ✅An apprasial
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