Eliminating property - Study guides, Class notes & Summaries

Seller Sally, listed with Broker Larry, sells her home to Buyer Bill for $200,000. Bill is represented by his own buyer's agent. An earnest money check for $2,000 is attached to the contract. After both parties have fully executed the contract, Larry deposits the check into his escrow account, per the contract instructions. Two days later, Larry receives notice that the check is being returned for "insufficient funds." What should Larry do first? correct answers contact Sally immediately and ...

Property and Casualty Insurance Practice Test Exam Questions & Revised Correct Answers. Guarantee Pass!! A self-insurer deals with risk by: -Transferring the risk -Avoiding the risk -Retaining the risk -Eliminating the risk - ANSWER : Retaining the risk A property and casualty agent must complete how many hours of CE? -12 hours each year -12 hours every 2 years by their due date -complete the approved courses as specified by the law every year -Complete the requirements for CLU...

Commercial package property (casualty) latest version graded A+ COMMERCIAL PACKAGE POLICY the commercial package policy was introduced in 1986 to replace the special multiple policy and other related monoline policies. some of the most important goals of this overhaul were the following: *simplify the text of policy forms and endorsements *modernize coverage by eliminating outdated provisions, broadening certain coverages, increasing internal policy limits, and including popular cov...

Portfolio Manager - Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio. Asset Manager - Analyze. Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio affect asset's price or expected return. Property investment values or expected returns. Hiring property manager. Maintenance and prop conditions Property Managers - The day to day operations of the assets. Rent collection, marketing and tenant administration, property maintance an...

Which agency became the "face of emergency management" in the 1950's? - Answer-United States Civil Defense The National Flood Insurance Act of 1968 lead to the creation of what program? - Answer-National Flood Insurance Program Under the Disaster Relief Act of 1974, which Federal agency had the greatest authority? - Answer-Department of Housing Which act created the United States Department of Homeland Security and is still described as the greatest federal reorganization to occur si...

Perils: - ️️The causes of loss insured against in an insurance policy. -Life insurance -Health insurance -Property insurance -Casualty insurance Direct response marketing: - ️️A direct response marketing system effectively bypasses the insurance agent. Business is conducted over the phone, through the mail, or online. This is a perfectly legal approach to selling insurance. It is not mandatory in all situations for the insured to physically sign any documents in order for coverag...

Insurance a contract in which one party (the insurance company) agrees to "make whole" the insured party against loss, damage or liability arising from an unlikely event In ___________ insurance, the policy protects survivors from losses suffered after the insured's death Life Insurance __________ the risk of loss from an individual or business to an insurance company Transfers Risk the uncertainty or chance of a loss occurring Pure Risk situations that can only result in a loss or no ...

NC BLET STATE EXAM OBJECTIVES, Questions and answers, 100% Accurate, rated A+ List four way to submit criminal fingerprint cards and final disposition reports to the Identification Section of the State Bureau of Investigation (SBI) - -First Class Mail Courier Service In Person Electronic Transmission (live-scan) The most reliable form of identification - -fingerprints Fingerprints are the primary source for... - -Criminal History A report of disposition and fingerprint cards s...

risk correct answers the possibility that a loss may occur speculative risk correct answers possibility of loss, possibility of gain (gambling) pure risk correct answers only involving loss, not gain (car accident) exposure correct answers the possibility that loss will occur (house fire) loss correct answers the unforeseen, unintended damage to property, injury, amount paid hazard correct answers anything that increases the chances of a loss occurring moral hazard correct answ...

What is the mission of the fire service? a. Completely eliminate the occurrence of fires in residential structures b. Protect personal and public property from fire and disrepair c. Save lives and protect property and the environment from fires and other hazardous situations d. Employ the all-hazard approach to providing community protection - Correct c. Save lives and protect property and the environment from fires and other hazardous situations When operating at highway/roadway inciden...