Business associations law Study guides, Class notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

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...

Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...

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...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase True The Florida Fair Housing Act prohibits discrimination on the basis of handicap True A valid Declaration of Condominium must contain easements for ingress and egress to all unit...

Test Bank for Business Law and the Regulation of Business 13e 13th Edition by Richard A. Mann, Barry S. Roberts. ISBN-13: 2625 Full Chapters test bank included Part I: INTRODUCTION TO LAW AND ETHICS. 1. Introduction to Law. 2. Business Ethics. Part II: THE LEGAL ENVIRONMENT OF BUSINESS. 3. Civil Dispute Resolution. 4. Constitutional Law. 5. Administrative Law. 6. Criminal Law. 7. Intentional Torts. 8. Negligence and Strict Liability. Part III: CONTRACTS. 9. Introduction to Contr...

Characteristics of a Community Association CORRECT ANSWER Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association CORRECT ANSWER Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations CORRECT ANSWER Planned Community - Owners owns his lot/living unit and community owns common areas (tennis courts, basketball courts, etc.). Condominium -...

Florida Funeral Law Exam Questions and Answers 100% Pass All cemeteries must abide by these rules except for: 1 of 2 - Correct Answer ️️ -Religious cemeteries with less then 5 acres & only single depth spaces, County & Municipal cemeteries, community & nonprofit associations with only single level spaces & do not sell burial space or merchandise All cemeteries must abide by these rules except for: 2 of 2 - Correct Answer ️️ -Columbarium of less then 1/2 acre owned by a religious g...

Chapter 2: Accounting in society Learning objectives 1. Identify the sources of company regulation in Australia Q1, Q2, Q3, Q4, Q5, Q49 2. Explain the current standard-setting framework and the role of the professional accounting associations in the standard-setting process Q6, Q7, Q8, Q9, Q10, Q50, Q51 3. Evaluate the role of the Conceptual Framework and illustrate the qualitative characteristics of financial statements Q11, Q12, Q13, Q14, Q15, Q16, Q17, Q18, Q19, Q20, Q21, Q22, Q23, Q52...

Texas Private Security Act CH. 1702.004(a) - General Provisions - Answer (a) The board, in addition to performing duties required by other law or exercising powers granted by other law: (1) licenses investigations companies and security services contractors; (2) issues commissions to certain security officers; (3) issues endorsements to certain security officers engaged in the personal protection of individuals; (4) registers and endorses: (A) certain individuals connected with a license ho...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

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...