Age of broker - Study guides, Class notes & Summaries

Real Estate Practice Exam Questions 1. 1. Brokerage definition...: the business practice of bringing together the parties in a practice. 2. 2. What are two examples of special use property?: schools and cemetary 3. 3. What is an example of functional obsolescence?: bathroom 4. 4. Principal definition...: a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. 5. Capitalization definition...: the process of d...

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

NC Insurance Licensing Exam Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? Dismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums 10 Under a Renewable Term policy, the renewable premium is calculate...

New York Life Insurance Questions and Answers Already Passed Accelerated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of an acc...

ISO Insurance Service Office To be licensed as a insurance producer in this state an individual must meet the following minimum qualifications: be at least 18 years old; Be of good moral character; have not been convicted of any felony or crime for the last 10 years that can be a ground for denial,suspension, or revocation of a license; Pass the required license examination; Pay the license fee of $25.00 Agency license must contain the licensee's name, address, personal identification numb...

1968 case in which U.S. supreme court ruled that discrimination by race is absolutely prohibited in any form or at any level - Jones v. Mayer 2 docs borrow must always create in a mortgage loan - note & deed of trust (mortgage) 2 important functions of a commercial RE broker - provide prospective buyer w/ info about property & to negotiate compromises 2 levels of brokerage licensure - salesperson: must work for broker broker: can operate own brokerage agency 3 approaches to value - sales ...

CE Shop Final Exam Course 2 Questions With Complete Solutions(Guaranteed Success) What is the maximum amount of time a protection or override clause can be in effect? - correct answer...Six Months Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? - correct answer...Highest and Best Use Which of the following statements is true about the listing presentation? It's best to leave out financial data (such as a CMA or c...

Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 1. a: Townhomes and single-family homes differ in that a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not o...

The insurer can increase the policy premium on an individual basis. - Answer- Which of the following is NOT a feature of a guaranteed renewable provision? Coverage is not renewable beyond the insured's age 65. The insured's benefits cannot be reduced. The insurer can increase the policy premium on an individual basis. The insured has a unilateral right to renew the policy for the life of the contract. Residual disability - Answer- Disability income policies can provide coverage for a ...

Types of Licenses - ANSWER--Producers -Business entity producers -Nonresident producers -Temporary -Special Brokers -Advisers -Public insurance adjusters -Reinsurance Adjusters -Life settlement broker portable electronics insurance limited lines insurance Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. Business entity producer - ANSWER-A requirement f...