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 Property rights and title
14 terms in Property rights and title
Showing 1 to 14
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Property rights and title
Fee simple
Fee simple is the broadest private ownership estate, potentially lasting indefinitely and subject to government powers and private restrictions.
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Fixture
A fixture is an item that began as personal property but is treated as part of the real property because of attachment, adaptation and intent.
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Property rights and title
Tenancy by the entirety
Tenancy by the entirety is a form of co-ownership available only to married spouses that includes survivorship and protections tied to the marriage.
Open term guideProperty rights and title
Tenancy in common
Tenancy in common is concurrent ownership in which each co-owner holds an undivided interest without an automatic right of survivorship.
Open term guideProperty rights and title
Title
Title is the legal ownership interest in real property, together with the rights that ownership carries.
Open term guideProperty rights and title
Title insurance
Title insurance is insurance that protects against covered title defects under the terms and exceptions of the policy.
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