New York real estate glossary
Know the term. Understand the rule.
Search 189 exam terms from all 19 New York salesperson curriculum subjects. Every definition opens into a sourced guide with an exam cue, a practical example and the distinction students often miss.
How to use this glossary
Read the short definition first. Then open the term for the exam pattern, New York example and common mix-up.
Filter by topic All 19 topics
6 terms beginning with N
Showing 1 to 6
N
Construction and environment
Negative declaration
A lead agency's determination under SEQRA that an action will not have a significant adverse environmental impact.
Open term guideCommercial and investment
Net lease
A lease under which the tenant pays specified property expenses in addition to rent.
Open term guideLicense law
Net listing
A listing arrangement that sets an amount the owner will receive and lets the broker keep any excess as compensation.
Open term guideCommercial and investment
Net operating income
Property income remaining after vacancy and operating expenses but before debt service and income taxes in the standard real estate formula.
Open term guideLand use
Nonconforming use
A land use that lawfully existed before a zoning change but does not comply with the new zoning rule.
Open term guideContracts and leases
Novation
A new agreement that substitutes a new party or obligation and releases the replaced party or obligation.
Open term guide