Commingling funds - Study guides, Class notes & Summaries

Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds - ️️Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity - ️️Life insurance Which of the following outlines the authority given to the producer on behalf of the insurer? Rebating arrangement Commingling contract Controlled business claus...

Pete is a sole proprietor broker and has six salespeople who he employs. On June 9th, Pete is killed in a car accident. Tom is one of the salespeople and his listing is set to close on June 20th. What will happen to the proposed closing? A). Nothing will happen. Business will go on as usual with the salespeople in charge until a new broker is found. B). The estate will notify the Commission within 15 days of death and tell the Commission that a new termination broker has been found. The clos...

PRIMERICA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 2024/2025 An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - CORRECT ANSWER-A. mutual funds not paid out after paying claims and other operating c...

Dividends from a stock company are normally sent to: Beneficiaries Shareholders Policy holders Insureds - Shareholders Which of the following financial products creates an instant estate, no matter when the date of death? Mutual funds Life insurance Certificate of deposit Deferred annuity - Life insurance Which of the following outlines the authority given to the producer on behalf of the insurer? Rebating arrangement Commingling contract Controlled business clause Producer contrac...

Regulatory Powers Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the Tennessee Real Estate Commission P...

Bob Hogue Final Test Questions with Complete Solutions What is the purpose of an escrow account in real estate transactions? To hold money in trust for parties involved in a transaction Who is responsible for maintaining a sales associate's license status? The sales associate What must a sales associate do when they receive escrow funds? Deliver them to their broker immediately What is the definition of "dual agency"? Representing both the buyer and seller in the same trans...

What agency issues real estate licenses? - correct answer The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? - correct answer 18 Do you need experience in the field to become a sales person? - correct answer No What is the minimum age to become a real estate broker? - correct answer 20 If your license is revoked, how long do you have to wait to re-apply for it? - correct answer One year Do y...

Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - a. Commingling Which regulation sets forth the Virginia Real Estate Board's licensing regula...

DC Property Managers Study Guide (Latest Update) Simple and Easy to Understand (100% Correct Solutions). Management Plan Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the market regional & neighborhood). Organizational and educational programs available to assist in enhancing th...

1. To be licensed as a real estate broker, an individual must be at least how old? a. 16 b. 18 c. 20 d. 21 - c. 20 2. Which of the following individuals is exempt from licensure? a. attorneys admitted to practice in the New York courts b. property managers who manage property for more than one individual or company c. individuals who only list property for sale d. auctioneers who only auction commercial real estate - a. attorneys admitted to practice in the New York courts 3. To save ...