Why buy renters insurance - Study guides, Class notes & Summaries

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely? Homeowners insurance If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? Price of stock will decrease Why is a stock characterized as a "growth" stock? The corporation is expected to increase significantly in revenues and earnings. An example of a lo...

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining - Answer B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway - An...

FINAL EXAM REVIEW Champions SAE (Answered) Review Rated 100% Property Manager -- A PM's expected tasks will be spelled out by the management agreement with the property owner. In general, a property manager must be able to wear many different hats and have detailed knowl- edge about all aspects of real estate. As a fiduciary, the property manager (agent) owes the owner (principal) -- • Obedience • Loyalty • Disclosure • Confidentiality Accounting Reasonable care CCIM (gold stan...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely? Homeowners insurance If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? Price of stock will decrease Why is a stock characterized as a "growth" stock? The corporation is expected to increase significantly in revenues and earnings. An example of a lo...

HUD Certification Verified 100% Correct!!|LATEST UPDATE Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease - Answer Pay stub A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? ...

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway C Walk-i...

Exam 2: PROPERTY AND CASUALTY Q&A (Answered) Graded A+ the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit *ANS* true which of the following coverages does an open peril policy provide? *ANS* perils other than those specifically named as being excluded determine the actual cash value in the following situation: original price of office equiptment when purchased 8 ...

Employers are never allowed to check credit reports when hiring - Answer- false Lenders use credit reports to help them decide whether to loan you money and what interest rate to charge - Answer- true Which of the following is usually the most important type of debt to focus on paying off quickly: - Answer- Credit card balances Which types of debt "steal from your future"? - Answer- 1. paycheck advances 2. credit card balances Why is Social Security called a PAYGO system? - Answer...

HUD Housing Counseling Exam, question and answer, graded A+ Civil Rights Act of 1866 Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 added gender (sex) to the protected classes Fair Housing Amendments Act of 1988 Added Disability and familial status to prote...

Rental Obstacle + Solutions: Low Income - -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shopping list - pay off a loan or credit card - move...