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 145 to 162
R
Construction and environment
Radon
A naturally occurring radioactive gas that can enter buildings from the ground and cannot be seen or smelled.
Open term guideFair housing
Reasonable accommodation
A change to a rule, policy, practice or service that may be needed for a person with a disability to use and enjoy housing equally.
Open term guideFair housing
Reasonable modification
A physical change to housing that may be needed for a person with a disability to use and enjoy it equally.
Open term guideProperty rights and title
Recording
Placing an eligible real estate document in the public land records maintained by the appropriate recording office.
Open term guideFair housing
Redlining
Denying, restricting or worsening housing-related services because of an area's location or protected-class makeup.
Open term guideMortgage brokerage
Referral fee
Compensation paid for directing business or a customer to another provider.
Open term guideCommercial and investment
Rent roll
A property record listing tenants, units, lease terms, rents and other recurring occupancy information.
Open term guideProperty insurance
Replacement cost
A loss-settlement basis tied to the cost to repair or replace covered property without a deduction for depreciation, subject to policy terms.
Open term guideLicense law
Representative broker
The individual broker responsible for a brokerage and for supervising associated licensees.
Open term guideProperty management
Reserve fund
Money set aside for future major repairs, replacements, emergencies or other planned property needs.
Open term guideLicensee safety
Risk reduction
Practical action that lowers the likelihood or severity of harm without claiming to eliminate all risk.
Open term guideS
Licensee safety
Safety plan
A written set of procedures for reducing risk and responding to foreseeable incidents during real estate work.
Open term guideValuation
Sales comparison approach
A valuation approach that compares the subject property with relevant sales and adjusts for differences.
Open term guideProperty management
Security deposit
Money held to secure a tenant's performance under a lease and governed by the applicable lease and law.
Open term guideReal estate math
Seller's net
The amount a seller retains after subtracting transaction costs, liens, prorations and other seller charges from sale proceeds.
Open term guideConstruction and environment
Septic system
An on-site wastewater system that treats and disperses sewage where a public sewer is not used.
Open term guideCondominiums and cooperatives
Shares
Units of ownership in the cooperative corporation allocated to an apartment under the cooperative plan.
Open term guideLand use
Site plan
A drawing and supporting materials showing the layout and design of a proposed development or use.
Open term guide