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.
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8 terms in Real estate math
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Real estate math
Percentage
A percentage is a ratio expressed as a part of one hundred and written with the percent symbol.
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Proration
Proration is the allocation of income or expense between parties for their respective periods of ownership or responsibility.
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