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1-A final layer used in reference to roofs or floors? Sheathing
2-In NYS, how old must one be to enter into contracts? 18
3- Two or more parcels of real estate pledged as security for payment of the mortgage debt- blanket mortgage
4- What happens if one of the parties to the contract is a minor? The contract is voidable
5- What does the zoning board of appeals do? –grant variances
6- What can brokers provide their salespeople if they are independent contractors? Office phone
7- What’s water rights of access refer to those from a river or stream called? Riparian
8-An area in which a tenant pays rent for but derives no benefit due to the presence of elevators, stairs, etc? add-on factor
9-Whats the cash-on-cash return on a $3,000,000 property with a down payment of $300,000 and $8,000 monthly rent? 32 percent
10-If a property ad states that the property is near the vicinity of a geographical area, what else must the ad include? It must include the name of the geographical area where the property is actually located

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