4) How does the Torrens System differ from other title recording systems?

-Title is conveyed only when conveyance is registered on the title certificate.

-The Torrens System requires a search of the public record

-.The Torrens System is not recognized by title insurance companies.

-It allows unrecorded encumbrances to cloud title.

7) Which of the following is not a type of agency?

• Express.

-Implied.

• Trust.

-Ostensible.

13) In insurance terms, what do we call events that do damage?

• Perils.
• Acts of god.
• Disasters.
• Adjustments.

16) Which of the following agencies does not regulate wetlands in New York?

- Local wetlands commission.

- NYS Department of Environmental Conservation.

- Local conservation advisory boards.

- Local health department.

21) A designated agent can disclose confidential information about a client to which of these persons?

-The other designated agent who is working on the transaction

- The employing broker who is acting as the dual agent for the transaction

- A coworker who is not involved with the client

• Another designated agent in the firm who is working on a different transaction

23)Contractor Greg wants to build a subdivision in a small New York village. To whom should he make his proposal?

- The State Planning Board

• The County Commissioner
• Village planning board
• Architectural review board

28) What is meant by excessive assessment?

- Assessed value of a property is greater than its full value.

• Assessed value of a property is less than its full value.
• Too many properties in the assessing unit were assessed.
• The uniform percentage was too low.

32) All of the following factors will affect the market rent on an office building except which one?

- Vacancy of similar properties in the area.

- Median income of families in the buildings location.

- Local demand for office properties in the area.

• The employment rate of companies operating in the area.

36) With which kind of lease does the tenant not know the actual change in the rent amount in advance?

Flat

Step Up

Gross

Indexed

41) An agent should always let the consumer enter first. This includes all of the following EXCEPT:

The house

The agents car

Every room in a house being shown

Tight spaces or closets