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 Taxes and assessments
2 terms in Taxes and assessments beginning with E
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E
Taxes and assessments
Equalization rate
The equalization rate is New York State's measure of a municipality's overall level of assessment, calculated from total assessed value and total market value.
Open term guideTaxes and assessments
Exemption
A property tax exemption is a law-based reduction or removal of qualifying property value from specified property taxation.
Open term guide