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 All 19 topics
4 terms beginning with I
Showing 1 to 4
I
Fair housing
Implicit bias
Implicit bias is an attitude or association that affects a person's judgment without the person being aware of it.
Open term guideLicensee safety
Incident report
An incident report is a factual written record of an accident, threat, injury, near miss, property loss or other significant event.
Open term guideValuation
Income capitalization approach
The income capitalization approach is a valuation approach that converts a property's income expectations into an indication of value.
Open term guideAgency
Informed consent
Informed consent is an agreement given after a person receives enough material information to understand the relationship and its consequences.
Open term guide