5 Questions
Who is responsible for drafting the leasing agreement?
Landlord
What does 'fee simple' ownership entail?
No encumbrances on the property
How are real estate brokers compensated for leasing in NY?
Paid by the tenant
What triggers the broker's performance in real estate transactions?
Broker procures a ready, willing, and able buyer
What is an easement in real estate terminology?
Having the right to use a portion of the property for their benefit
Test your knowledge of residential property transactions with this quiz on drafting responsibilities. From brokerage agreements to financing and property management, challenge yourself with questions about different types of ownership and legal considerations in real estate deals.
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