Real Estate exam

Article 12-A of the NYS Real Property Law -

Sponsor

“Summary of Your Submission” -

Misdemeanor

Listing Agreement -

Pocket Card -

Fiduciary -

Disclosure Regarding Real Estate Agency Relationships Form -

Exclusive Agency

Principal -

Price Fixing

Market Allocation -

Independent Contractor Relationship -

Bundle of Rights

Littoral Rights

Riparian Rights -

Specific Lien -

Voluntary Lien -

Tax Lien -

Easement -

Encumbrance -

Affirmative Easement Appurtenant -

Full Covenant and Warranty Deed -

Quitclaim Deed -

Habendum Clause

Delivery and Acceptance -

Chain of Title -

Title -

Closing Statement

Essential Element of a Contract:

Estate for Years -

Express Contract -

Attorney Review Clause -

Mortgage Contingency Clause -

Eviction -

Holdover Tenant

Triple Net Lease -

Mortgage -

APR

Secondary Mortgage Market

Loan-to-Value (LTV) -

Satisfaction of Mortgage

Adjustable rate mortgage (ARM)

Fixed Rate Mortgage

Amortization -

Condemnation -

Police Power -

Variance

Building Codes

Air rights -

Certificate of Occupancy (CO) -

Stud

Beam -

Bearing Walls

Bond Beam

Circuit Breaker

Construction Drawings -

Specifications -

Mandated warranty for new construction according to the NYS General Business Law 36-B:

Title X -

Radon -

Asbestos

Asbestosis

Lead -

Clean Air Act (CAA)

Appraisal -

Cost Approach

Income Approach

Sales comparison approach

Red-lining

Blockbusting -

Fair Housing Act of 1968 -

Brown vs. Board of Education -

Testers -

Acre

Planning Board

Architectural Review Board

The Office of Receiver of Taxes -

Building Department -

Deductible -

Umbrella Policy -

Tax Assessor

Levy -

Assessed value

Share in a Cooperative Unit -

The Offering Plan

Board Package

By-laws -

House rules -

Condominium -

Maintenance -

Common Charges

Sponsor

Leverage

Pro-forma Statement -

Cap Rate:

Liquid

Gross Income

Capital Gain -

Boot -

Tax Shelter -

Straight-line Depreciation -

1031 Exchange:

Mortgage Broker -

Mortgage Banker

General Agent -

Operating Budget -

Management Agreement

Property Management Report