189 terms across 19 subjects
New York Real Estate Exam Glossary
This glossary defines 189 terms you need for the New York real estate salesperson exam, organized by the 19 subjects of the Department of State's 77-hour course. Each term opens into a short guide with a one-sentence definition, how the idea shows up in exam questions, an example, the trap students fall for and links to the official source.
How to use this glossary
Read the one-line definition first. Then open the term for the exam cue, an example and the trap that costs students points.
Filter by topic Commercial and investment
2 terms in Commercial and investment beginning with N
Showing 1 to 2
N
Commercial and investment
Net lease
A net lease is a lease under which the tenant pays specified property expenses in addition to rent.
Open term guideCommercial and investment
Net operating income
Net operating income (NOI) is the income a property has left after vacancy and operating expenses but before debt service and income taxes in the standard real estate formula.
Open term guide