Wa state exam - Study guides, Class notes & Summaries

WA STATE EXAM PREP BOOK- STATE QUESTIONS & ANSWERS, 100% ACCURATE, GRADED A+/ Excluding the the director of licensing, how many member are on the Washington State Real Estate Commission? - -6 The purpose of the Washington Real Estate Commission is to: a. Promote the public interest b. Set commission rates RE brokers are allowed to charge c. Protect private property rights - -a. Promote the public interest Rules regarding RE licensees are issued by the ________ - -Director of the depart...

Assignment - ANSWER The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Building & Personal Property (BPP) - ANSWER The commercial property policy for larger businesses. Business Income Policy - ANSWER A commercial policy covering the indirect loss of income following a loss. Cancellation - ANSWER Termination of a policy during the policy period. Casualty Insurance - ANSWER A broad term which includes all of the policy types that may...

WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 Questions and Answers WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 Questions and Answers WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 Questions and Answers WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 Questions and Answers The owner of property located along a stream or river may have which type of water right? A. Alluvion B. Riparian C. Appropriatio...

Jason is the designated broker for Stevenson Land and Homes in Yakima. The firm closes. What happens to Jason's license? It becomes inactive until he affiliates with another firm. Golden Years Realty elects to use closing and title companies to manage earnest money deposits. Jessica, a broker with Golden Years, gets a receipt from Equity Title for an earnest money deposit from a buyer. What must she do with the receipt? Present it to the firm's designated broker for placement in th...

Excluding the the director of licensing, how many member are on the Washington State Real Estate Commission? - Answer- 6 The purpose of the Washington Real Estate Commission is to: a. Promote the public interest b. Set commission rates RE brokers are allowed to charge c. Protect private property rights - Answer- a. Promote the public interest Rules regarding RE licensees are issued by the ________ - Answer- Director of the department of licensing Laws and rules related to RE are enfo...

Health contracts are prepared by insurers and must be accepted by the insured on an 'as is' basis. This described what aspect of a health insurance contract? - ANSWER Contract of Adhesion If an insurer decides to obtain medical information from different sources in order to determine the insurability of an applicant, who must be notified of the investigation? - ANSWER The applicant. What are the two types of expenses that are covered by health insurance? - ANSWER Expenses related to heal...

WA STATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. Jason is the designated broker for Stevenson Land and Homes in Yakima. The firm closes. What happens to Jason's license? It becomes inactive until he affiliates with another firm. Golden Years Realty elects to use closing and title companies to manage earnest money deposits. Jessica, a broker with Golden Years, gets a receipt from Equity Title for an earnest money deposit from a buyer. What must she do with the receip...

Unit 21 WA State Rules and Regulations - common to property and casualty insurance Exam

What disciplinary action will occur if a Washington broker disregards a child support order? - Answer- License suspension When may a licensee receive compensation in Washington based on an appraisal result at or above a specific prearranged price? - Answer- It's illegal in all circumstances. How is the Washington managing broker's exam presented? - Answer- As a simulation-based exam In Washington, which agency is authorized to disseminate and enforce real estate licensing laws? - Answ...

Assignment - ANSWER The transfer of a policy to another party. Often done when commercial property is sold to a new owner. Building & Personal Property (BPP) - ANSWER The commercial property policy for larger businesses. Business Income Policy - ANSWER A commercial policy covering the indirect loss of income following a loss. Cancellation - ANSWER Termination of a policy during the policy period. Casualty Insurance - ANSWER A broad term which includes all of the policy types that may...