Real estate U chapter 1 Exam With Correct Answers., Exams of Real Estate Management

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Administrative Discipline - Correct Answer The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses Apartment Information Vendor - Correct Answer Any person who engages in the business of claiming, demanding, charging, receiving, collecting, or contracting for the collection of, a fee from a customer for furnishing information concerning the location and availability of real property, including apartment housing, which may be leased, rented, shared or sublet as a private dwelling, abode, or place of residence Apartment Sharing Agent - Correct Answer Any person who, for a fee, arranges, conducts, coordinates, handles or causes meetings between a customer and the current owner or occupant of legally occupied real property, including apartment housing, who wishes to share that housing with one or more individuals Article 12-A - Correct Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers Article 78 Proceeding - - Correct Answer An appeal brought forth because of a ruling by a government agency. Associate Real Estate Broker - Correct Answer A licensed real estate broker who by choice elects to work under the name and supervision of another real estate broker. Blind Ad - Correct Answer An ad that remains anonymous as to who is advertising. Blind ads are illegal. Change of Association - Correct Answer The process by which a salesperson's license changes sponsorship. Commingling - Correct Answer - To mingle or mix, for example, a client's funds in the broker's personal or general account.