Frank own - Study guides, Class notes & Summaries

Florida Claims Adjuster Exam Questions with Correct Answers 1 / 36 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is m...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business correct answersknowing that his family is depending on him, Frank wants to insure his ow...

Webce Test Questions and Correct Answers | Latest Update 2024/2025 | Graded A+ which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - An...

Absent an agreement otherwise, each partner is entitled to compensation for his or her services in managing the business T/F - ️️False A buy and sell agreement normally specifies the terms under which a withdrawing or deceased partner's interest will be bought out T/F - ️️True Subchapter S corporation will avoid double taxation if which of the following applies? A. All the shareholders agree to be taxed as in a partnership B. The corporation files Articles of Partnership in th...

webce test Questions With Solutions Which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - ANS knowing that his family is depending on ...

Kappa Alpha Psi (2023/ 2024 Update) 100% Correct Questions and Verified Answers| Grade A Q: Where is KAPPA's headquarters located? Answer: 2322-24 North Broad Street, Phil, PA Q: What is the phone numbers to headquarters? Answer: Q: What is the fundamental purpose of the fraternity? Answer: Achievement Q: Define excuses? Answer: Excuses are the tools of incompetence upon which monuments of nothingness are built. Q: Define pledge? ...

You are recording an accrued expense for your seller client, Sam Bosworth. This represents an item that Sam ____________________. : Has incurred but hasn't paid Because proper trust fund handling and record keeping is extremely important, the ________ conducts routine audits of real estate companies. : Washington State Department of Licensing Karen would like to sell her own home. What's the minimum real estate license she must possess? : None Carla is selling her house in Wenatche...

Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one paym...

HR WA REAL ESTATE PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. VERIFIED. You are recording an accrued expense for your seller client, Sam Bosworth. This represents an item that Sam ____________________. - -Has incurred but hasn't paid Because proper trust fund handling and record keeping is extremely important, the ________ conducts routine audits of real estate companies. - -Washington State Department of Licensing Karen would like to sell her own home. What's the minim...