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