Age of salesperson Study guides, Class notes & Summaries

Real Estate U Final Exam Study Guide 2024 Questions and Answers Article 12-A of the NYS Real Property Law - Answer- The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - Answer- A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - A...

How often must you renew your real estate salesperson/broker license? Every 2 years What is the purpose of license laws in the real estate industry? To minimize fraudulent practice and protect the general public The New York regulatory agency that oversees real estate licensure is the: Department of State Most of the law about salespersons and brokers is in which article of the Real Property Law? Article 12-A What are the age requirements for a broker applicant and a salesperson applicant...

What is your status under the Internal Revenue code - correct answer A statutory non-employee What is your status under NY Law, and where you are supervised by a Broker - correct answer Independent Contractor How long are records to be maintained for - correct answer 3 years Where do we get our license from - correct answer NY State Department of State Division of Licensing Services How many hours of classes does a salesperson need? Broker? - correct answer Salesperson = 75...

What agency issues real estate licenses? NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? 18 Do you need experience in the field to become a salesperson? No What is the minimum age to become a real estate broker? 20 Do you need experience in the field to become a broker? Yes, 3500 points (35hrs weekly for 100 weeks) If your license is revoked, how long do you have to wait to reapply 1 year As a licensed salesperson, I can receive compensation from ___. ...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

What agency issues real estate licenses? - NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? - 18 Do you need experience in the field to become a salesperson? - No What is the minimum age to become a real estate broker? - 20 Do you need experience in the field to become a broker? - Yes, 3500 points (35hrs weekly for 100 weeks) If your license is revoked, how long do you have to wait to reapply - 1 year As a licensed salesperson, I can receive compensatio...

Article 12-A of the NYS Real Property Law - Answer- The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor broker - Answer- A licensed real estate broker that holds the license of a salesperson "Summary of Your Submission" - Answer- Obtained after your register for the New York Sta...

Article 12-A of the NYS Real Property Law - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - Obtained after you register for the New York State Salesperson exam using eAccessNY....

What agency issues real estate licenses? - correct answer Department of State or Division of licensing Services At what age can you become a real estate salesperson? - correct answer 18 Do you need experience in the field to become a salesperson? - correct answer No What is the minimum age to become a real estate broker? - correct answer 20 Do you need experience in the field to become a real estate broker? - correct answer Yes, 2 years experience and 3500 points If your...

What agency issues real estate licenses? The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? 18 Do you need experience in the field to become a sales person? No What is the minimum age to become a real estate broker? 20 If your license is revoked, how long do you have to wait to re-apply for it? One year Do you need experience in the field to become a broker? Yes, at least 2 years of experience and 3200 points