New York real estate glossary
Know the term. Understand the rule.
Search 189 exam terms from all 19 New York salesperson curriculum subjects. Every definition opens into a sourced guide with an exam cue, a practical example and the distinction students often miss.
How to use this glossary
Read the short definition first. Then open the term for the exam pattern, New York example and common mix-up.
Filter by topic Condominiums and cooperatives
5 terms in Condominiums and cooperatives beginning with C
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C
Condominiums and cooperatives
Common charges
Amounts assessed against condominium unit owners for common expenses under the governing documents and budget.
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Common elements
The parts of a condominium property owned collectively by unit owners rather than as part of one unit.
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Condominium
A form of ownership in which a person owns an individual unit and an undivided interest in common elements.
Open term guideCondominiums and cooperatives
Condop
A property structure that combines a condominium framework with a cooperative component, often through separately owned condominium units.
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Cooperative
A housing arrangement in which a corporation owns the real property and occupants own shares tied to proprietary leases.
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