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 Income tax
2 terms in Income tax beginning with A
Showing 1 to 2
A
Income tax
Adjusted basis
Adjusted basis is the original basis increased or decreased by tax-law adjustments such as qualifying improvements and allowed depreciation.
Open term guideIncome tax
Amount realized
Amount realized is the total value received on a disposition, adjusted for selling expenses and other items as tax law provides.
Open term guide