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
189 terms
Showing 181 to 189
U
V
Commercial and investment
Vacancy rate
The percentage of available units, space or potential income not occupied or collected for the period measured.
Open term guideLand use
Variance
Permission from a zoning board of appeals to depart from a zoning requirement after the applicable legal test is met.
Open term guideContracts and leases
Void contract
An agreement that has no legal effect from the outset.
Open term guideContracts and leases
Voidable contract
An agreement that one protected party may choose to affirm or avoid.
Open term guideW
Z
Land use
Zoning
Local regulation that divides land into districts and controls uses, dimensions and development standards.
Open term guideMunicipal government
Zoning board of appeals
A local administrative and quasi-judicial body that hears zoning appeals, interpretations and variance requests.
Open term guide