A fiduciary relationship - Study guides, Class notes & Summaries
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Personal Lines Insurance Practice Exam Questions and Answers Latest 2024-2025 | 100% Correct.
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Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an 
accident. Which of the following statements about coverage under the parents' 
personal auto policy is CORRECT? 
A) Bobby is covered by his parents' policy because he is included in the definition 
of named insured. 
B) Bobby is not covered for this accident because he used the car without 
permission. 
C) Bobby is not covered ...
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Mississippi Insurance Test Questions and answers(fully comprehensive)100% accurate(DOWNLOAD TO PASS)
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The Commissioner of Insurance in Mississippi is elected to office for a term of 
4 years 
 
 
 
The burden of proof for determining that a producer is representing an authorized insurer falls on 
The producer 
 
 
 
The fine the Commissioner may levy for violating any provision of the Insurance Code is 
$1000 
 
 
 
A foreign insurer 
An insurer formed under the laws of any state other than Mississippi would be known as 
 
 
 
Each of the following is true about the Mississippi Residential Prope...
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M100 Community Association Management Exam Questions with correct Answers Graded A+ 2024
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M100 Community Association Management Exam Questions with correct Answers Graded A+ 2024 
Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain do...
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Aceable Law of Agency Review Exam Questions with 100% Correct Answers
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Aceable Law of Agency Review Exam 
Questions with 100% Correct Answers 
Here are the four major types of agency acts: - answerListing 
Buying 
Leasing 
Property Management 
TREC's purpose is to - answerregulate educational and licensing programs that maintain 
standards AND interpret legislation that affects the real estate profession — primarily the Texas 
Real Estate License Act (TRELA). 
Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds 
their characte...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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PSI National real estate exam questions & answers 2023/2024
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PSI National real estate exam questions & answers 2023/2024 
 
 
Martha was able to go to the closing and sign the paperwork to sell her mother's property while her mother was in the hospital. How could this be possible? 
1. Martha may have been named an executor of her mother's will. 
2. Her mother may have had a power of attorney drawn up making Martha her attorney in fact. 
3. Martha and her mother may own the property as joint tenants, so that Martha may sign as owner 
4. Martha's mother...
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Champions Law of Agency – exam 2024 with 100% correct answers
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Which of the following has the authority to suspend or revoke a Texas real estate license? - correct answer TREC 
 
Which of the following is an element of a listing agreement? - correct answer the agreement to pay a stated commission, usually a percentage of the sales price 
 
the IRS considers which of the following a violation of independent contractor status? - correct answer salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the br...
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Colorado Accident & health laws state Exam simulator Questions and Answers
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Colorado Accident & health laws state Exam simulator Questions and Answers 
 
 
Which of the following is an example of defamation? 
 A brochure including an untrue statement regarding a competitor's ability to pay claims 
 A truthful estimate of the dividends 
 A pamphlet listing a competitor's financial rating 
 A verbal statement of a competitor's complaint ratio A brochure including an untrue statement regarding a competitor's ability to pay claims 
 
Which of the following is an example...
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NYREI STATE EXAM GROUP TUTORING question and answers 2023 passed
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NYREI STATE EXAM GROUP TUTORING question and answers 2023 passed 
According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? - correct answer Two 
 
What type of residential real property transfer would require a property condition disclosure statement? - correct answer Re-sales 
 
What happens to the licenses of salespersons if their sponsoring broker's license is revoked or suspended? - correct answer They are suspended 
 
A...
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RECA Residential Exam
- Other • 20 pages • 2023
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Fiduciary Representation - Answer- - Trust and confidence 
- Best interests 
- Loyalty 
 
5 Ds of Role Clarity - Answer- 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
 
Must disclose in writing - Answer- - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
 
made to clarify and provide proof of undertan...
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