Guaranty fund - Study guides, Class notes & Summaries

Maryland Real Estate (Law) Practice Exam Questions with Certified Solutions When a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement b. no one If a salesperson license is issued on January 2, 2016, when will it expire? a. January 2, 2016 b. September 2, 2016 c. April 1, 2016 d. March 31, 2016 a. ...

MT State Property and Casualty Exam Questions with 100% Correct Answers A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - Answer- stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - Answer- rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the produce...

Mark lives in Maryland and purchased property in Pennsylvania. His real estate agent gave him poor advice, which cost him $52,000. Which of the following is true? - ANSWER Mark cannot file a claim with Guaranty Fund because the property purchased was in Pennsylvania. Maryland salesperson Claire has been licensed for a little over a year. She's a bit of an overachiever, so she's already completed 12 hours of her required continuing education. Her broker Darnell's license is renewing o...

Ohio State Exam Life and Health Insurance Questions and Answers (2024 / 2025) (Verified Answers) Refund Life annuities - CORRECT ANSWER little risk. The insurance company promises to make a refund of the account balance if the auunitant dies before collecting it all Joint and Survivor Annuity - CORRECT ANSWER Pay survivor amount.. after first party dies usually reduced Joint lfie annuity - CORRECT ANSWER pay two people at the same time and payments stop entirely when the first part...

PSI PA Property and Casualty Exam GuideBroker - correct answer According to the insurance law, who is the principal? 90 days - correct answer An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? a temporary license - correct answer issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of producer, or wh...

Ohio Laws and Rules Questions and Answers Already Passed Ohio requires a licensee to complete _____ hours of continuing education hours each licensing period. 24 hours of continuing education credit hours every 2 years. When an agent is replacing an existing ordinary life insurance policy, the agent must take all of the following actions EXCEPT: Obtain the beneficiary's signature. -Exceptions include: Provide the applicant with a copy of the sales proposal -Submit to the agent's...

NJ Real Estate 2024 Exam Questions with Correct Answers Broker - Answer-is authorized to operate a real estate business, hire salespersons, and to charge the public for services. Broker-salesperson - Answer-Has fulfilled all the requirements of a broker yet chooses to work in a sales capacity for and in the name of another broker. Continuing Education - Answer-All Broker, broker-salespersons, and salespersons licensees must complete 12 hours of approved continuing education courses befor...

1. When must a contractor's home improvement license be renewed? ANS By June 30th- every 2 years 2. What is the initial assessment for the home improvement guaranty fund of every home improvement contractor? ANS $100 3. Requirement of a home improvement contract ANS The customer is given a signed copy of the contract before work begins 4. What is the maximum deposit a contractor may require to build a deck attached to a house if the total contract if for $5400 ANS $1800 5. A contractor ...

DC Real Estate Exam Practice Test Questions with Complete Solutions Trina applied for inactive status for her DC broker's license when her son was diagnosed with leukemia four years ago. How long does she have to reactivate her license from the time it was made inactive? 5 years which entity provides budget and resource support to the DC real estate commission? department of consumer and regulatory affairs colin was found guilty of a minor violation of dc license law. the commissio...

MD Real Estate License Exam Complete Solutions -The license should've also come with a pocket card. ️Seo-yun completed all of her Maryland salesperson licensure requirements and submitted her documentation and licensing fees to the commission. A few days later, her broker presented her with her new license. What's wrong with this scenario? -The license should've also come with a pocket card. -Licenses are issued at least 30 days after submission of documentation, not within a few d...