NY Real Estate case studies
NY Real Estate · Put your knowledge to work in context.
The New York Real Estate Salesperson license is the entry-level credential that lets a person transact real estate business in New York under the supervision of a licensed real estate broker. Candidates typically pursue it to work with buyers, sellers, landlords, and tenants in residential or commercial brokerage, and it is generally the first step for anyone building a career in New York real estate. The NY Real Estate case studies are 5 cases and about 3,117 words.
1Two Sides, One Firm, One Confidential Number
Dana is managing broker of Cedar Point Realty. On March 3 she signs an exclusive right to sell with Victor for 148 Seventh Street at 5%.
633 words, about 3 min2The Owner's 'Quiet Building' Instructions
Rosa is a licensed salesperson whose firm holds an exclusive agency agreement on a 12-unit building in Rochester. The owner, Hal, hands her four instructions: (1) 'No Section 8 - those vouchers always bring problems'; (2) 'Keep the second floor for adults only, no kids'; (3) 'Don't bother with the woman in the wheelchair who called - the entrance has three steps'; (4) 'Put in the ad: perfect for quiet, responsible professionals.' A current tenant has also asked, at her own expense, to install a grab bar in her bathroom; Hal refused, saying it would ruin the tile.
639 words, about 3 min3The Appraisal That Broke the Deal
Theo contracts on May 1 to buy a condo at 88 Harper Lane for 650,000. The board-form contract is contingent on his obtaining a conventional first mortgage of 520,000 within 45 days; he places a 10% deposit ( 65,000) in escrow and plans to bring the remaining 130,000 at closing.
623 words, about 3 min4The Estate's Blank Disclosure
Nora holds an exclusive right to sell a 1920s house in Syracuse for the Estate of Ruth K. The executor signs the listing and says, 'We're exempt from the property condition disclosure, so don't worry about it.' At the first showing Nora notices fresh paint over a large water stain on the basement ceiling and a sump pump with a new discharge line.
631 words, about 3 min5Two Ways to Price a Six-Unit
Broker Sam is competing for the listing of a six-unit apartment building. The owner paid 740,000 in 2019 and wants 985,000.
591 words, about 3 min