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 Contracts and leases
3 terms in Contracts and leases beginning with C
Showing 1 to 3
C
Contracts and leases
Consideration
Consideration is something of legal value exchanged as part of a contract.
Open term guideContracts and leases
Contingency
A contingency is a contract condition that must be satisfied or waived for a stated obligation to become final or continue.
Open term guideContracts and leases
Counteroffer
A counteroffer is a response that rejects an offer and proposes different terms.
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