Contingent fee - Study guides, Class notes & Summaries

What is a closed-end mutual fund? What is an open-end mutual fund? - Closed- shares issued by an investment company only when fund is organized Open- shares issued and redeemed by the investment company at the request of investors What is the net asset value? When is the net asset value calculates? - value of a mutual fund / at the end of every day What is a load fund? What is a no-load fund? - Load- a mutual fund where investors pay commission every time they buy shares No-load- individ...

Absentee Owner - A property holder who does not reside on the property and who usually relies on a property manager to manage the investment. Appraisal - The process of developing and communicating an estimate of a property's Appraiser - Appraisers charge a fee based on the time and difficulty of the appraisal assignment and are not paid commission. Broker Price Opinion (BPO) - A broker's written opinion of the value of a particular property that may not be used in connection with the or...

In a fraud case, the CPA is generally liable to all:reasonably foreseeable victims of the misstatement Consideration must be:legally sufficient. This doesn't mean fair or equal. A CPA can charge a contingent fee when helping a client with a claim for a refund filed solely:in connection with a determination of statutory interest or penalties. Ultramares rule:established in a 1931 case of the same name, requires privity before an accountant is liable for negligence. Other rules, such as ...

MPRE Exam Review Questions and answers, rated A+ A lawyer is NOT permitted to report another's lawyer's violation of the Rules of Professional Conduct if: - -The lawyer learned about the violation through a privileged communication with one of his clients A contingent fee may be valid even if it is: - -Not based on a percentage of the amount recovered by the client A contingent fee must be in writing and must state: - -1. How the fee is to be calculated, including the % that the lawy...

MPRE EXAM 1 SOLUTIONS 2024/LATEST UPDATE WITH GENUINE QUESTIONS AND CORRECT DETAILED SOLVED 100% CORRECT!! Two years ago, when a couple divorced in State A, the court awarded the wife custody of the three children and ordered the husband to pay the wife $3,000 per month in child support and alimony payments. The husband failed to make the $3,000 payments for 17 months in a row. In desperation, the wife hired a new attorney to represent her in a proceeding to collect the past due payments...

REG exam 2 questions & answers 100% CORRECT 2024/2025 can an oral contract be enforceable that takes longer than 1 year to complete? - ANSWERS1. yes, although under Statute of Frauds most contracts that cannot be completed within one year must be evidenced by writing, there is an exception if one party has FULLY PERFORMED his part of contract. novation - ANSWERSnovation occurs when a new contract substitutes a new party for an old party in an existing contact on the agreement of all part...

Define Undue Influence Threat - ️️The threat that a member will subordinate their judgment to an individual associated with a client due to the individual's reputation or personality Does the AICPA Code of Professional Conduct allow contingent fees? - ️️Contingent fees are sometimes allowed Everything in Code 1 also applies to Code 2 and Code 3, except for Independence. In Code 2, a member in business cannot be independent from their employer. - ️️Everything in Code 1 also appli...

A branch office registration is necessary to use a: 1) model unit, available for sale, in a subdivision for promotion of interest in the development. 2) temporary structure for dissemination of information. - Neither 1 or 2 A broker associated with a principal real estate broker was asked by a property owner to prepare a Competitive Market Analysis for the owner's residence. Under Oregon law, which of the following statements about a CMA are true? 1) A fee may be charged for providing a C...

OREGON Real Estate Licensing Exam Review Questions and answers, graded A+/ verified. All examinable Questions A branch office registration is necessary to use: 1. a model unit, available for sale, in a subdivision for promotion of interest in the development. 11. temporary structure for dissemination of information. - -Neither I nor 11 A person can work as a secretary in a real estate office without obtaining a real estate license. That secretary can legally perform which of the followin...

Workfore Planning Process Correct Answer-Step 1 - Current Situation Step 2 - Future Needs Step 3 - Trends / Data Step 4 - Gaps Strategic Recruitment Correct Answer-A general framework that provides guidance for actions. Current vacancy information should be matched with the reasonably accurate vacancy data on what can be anticipated in the next year gathered. Merit System Requirements Correct Answer-Typically require some form of examination Recruiting Correct Answer-The process of g...