Broker canada - Study guides, Class notes & Summaries
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WA Surplus Lines Broker Exam Real Questions And Correct Answers
- Exam (elaborations) • 27 pages • 2023
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WA Surplus Lines Broker Exam 
Real Questions And Correct 
Answers 
When are you required to file premium tax return for the previous 
calendar year by? - ANSWER March 1st 
What does statutory accounting mean? - ANSWER Rules state 
that certain assets are non-admitted (don't count) as you can't pay 
claims with them. 
Bonds rated ___________ and higher are considered investment 
grade. - ANSWER 1 & 2 
What does IBNR stand for? - ANSWER Incurred but not 
reported 
True or false, individuals ...
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Real Estate Marketing: Commercial Real Estate (SAE), Champions Commercial Real Estate- SAE 100% Correct
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Real Estate Marketing: Commercial Real 
Estate (SAE), Champions Commercial 
Real Estate- SAE 100% Correct 
General Lien (also Statatory) attaches to all the property of the debtor, not exempt from 
forced sale (Example: a judgment or IRS lien) 
Diplomacy the ability to handle clients and situations in a sensitive and effective way - is 
critical in commercial real estate, and a lack of it can expose you immediately as a beginner. 
DTPA The Deceptive Trade Practices Act (DTPA) is a Texas law that...
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RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct
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RECA Fundamentals Exam| 2023/ 2024| 
Questions and Verified Answers|100% Correct 
 
QUESTION 
Errors and Omissions Insurance? 
 
 
Answer: 
real estate equivalent of malpractice coverage 
 
 
 
QUESTION 
 
Comprehensive General Liability Insurance? 
 
 
Answer: 
- broad coverage for claims against injury/damage 
- civil liability (a fall) 
- any damages or injuries 
- legal defense costs 
- does not cover issues related to real estate transactions 
 
 
 
QUESTION 
Voluntary Broker Resoluti...
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Mortgage Broker Canada Exam Latest Update
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Mortgage Broker Canada Exam Latest Update...
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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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RECA Fundamentals of Mortgage Brokerage 2023 Exam
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Which of the following is part of RECA's commitment to consumer protection? - AnswerWhat are some benefits that mortgage brokerage trade associations offer their 
members? - Answer- Licensing Standards for mortgage industry members 
Which entity has the authority to amend the Act? - Answer- Provincial Legislators 
Which of the following represents an accountability mechanism that RECA must comply 
with under the Act? - Answer- Previous Fiscal year 
In addition to mortgage brokerage trade associ...
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Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers,100% CORRECT
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Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers 
 
Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...
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Series 63 || with 100% Error-free Solutions.
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Limited registration is available to broker/dealers and agents domiciled in which of the following countries? 
 
a)Canada 
b)Mexico 
c)Canada and Mexico 
d)Canada, Mexico and Panama 
 
Canadian broker/dealers have limited registration requirement for the sale of Canadian qualified retirement programs. correct answers a)Canada 
 
Canadian broker/dealers have limited registration requirement for the sale of Canadian qualified retirement programs. 
 
discretionary account means that correct answer...
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New York State Property and Casualty Licensing Exam Questions and Answers Graded A+
- Exam (elaborations) • 9 pages • 2023
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New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ 
 
Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies 
The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. 
 
pro rata liability If a loss occurs that is covered...
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CCS Course 2024 with Complete Solutions
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CCS Course 2024 with Complete 
 
Solutions 
 
The CCS Designation is granted by: 
The Canadian Society of Customs Brokers 
True or False: A CCS is a licensed customs broker 
 
False 
True or False: A CCS is regulated by the government 
False 
True or False: A CCS requires 20 professional development points to maintain the designation 
True 
 
Records must be maintained for a period of at least: 
6 years 
True or False: A written agreement must be made for a customs broker to act of behalf of a c...
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