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 Contracts and leases
12 terms in Contracts and leases
Showing 1 to 12
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Contracts and leases
Consideration
Something of legal value exchanged as part of a contract.
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Contingency
A contract condition that must be satisfied or waived for a stated obligation to become final or continue.
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Counteroffer
A response that rejects an offer and proposes different terms.
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Contracts and leases
Statute of frauds
A law requiring certain agreements, including many agreements involving real property, to be in writing and signed to be enforceable.
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Sublease
A lease made by a tenant that transfers less than the tenant's entire remaining leasehold interest.
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