Express authority - Study guides, Class notes & Summaries
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Champions School of Real Estate Law of Agency – Questions and Answers Already Passed
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Champions School of Real Estate Law of 
Agency – Questions and Answers 
 
Already Passed 
 
The principal is also known as client 
 
fiduciary relationship a relationship founded on trust and confidence 
 
Agency Relationship Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
 
the principal is the one who hires and gives authority to the agent 
 
Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the 
public against unscr...
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Champions Real Estate Exam Law of Agency 2023-2024 solution A+ GUARANTED
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Champions Real Estate Exam Law of Agency solution A+ GUARANTED 
 
 
This person hires an agent - CORRECT ANS - The Principal 
 
The agent works on behalf of this person - CORRECT ANS - the client (principal) 
 
This type of agency allows for the greatest range of authority - CORRECT ANS - Universal 
 
This is provided to the agent when there is written documentation that the agency relationship exists. - CORRECT ANS - Express authority 
 
This is the most limited of all the agency relationships...
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PRIMERICA LIFE INSURANCE EXAM 2024 |Question and Answer| 100% Correct
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PRIMERICA LIFE INSURANCE EXAM 
2024 |Question and Answer| 100% 
Correct 
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 *Ans* A. mutual 
funds not paid out after paying claims and other operating costs are r...
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!) 
 
QUESTION 1 [20] 
1.1 According to Milton Friedman, 
“there is one and only one social responsibility of business – to 
use its resources and engage in activities designed to increase its profits…” 
With reference to the principle of corporate social responsibility, discuss the meaning of 
corporate social responsibility and...
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RECA Review Questions And Answers
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Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently 
C) A real estate professional who represents a client in matters that are beyond their expertise 
D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Alber...
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PVL3703 Assignment 3 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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PVL3703 Assignment 3 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED Answers, guidelines, workings and references .................... Question 1 One of the attractions at Wonderland Zoo is a train ride that takes customers to and from different locations at the zoo. Sipho, the technician in charge of inspecting and maintaining the train, overlooks some signs that the train is no longer in sound condition. Avril goes for a ride on the train. The operator of the train requests the per...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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Law 3220 Exam 4 Clemson Latest Update Graded A
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Law 3220 Exam 4 Clemson Latest Update Graded A Agency An agency is created when a person or company (an agent) agrees to act for or in place of another person or company (the principal) 
Parties in an Agency -The principal creates authority in an agent -The agent receives authority and carries out the principal's instructions -Third parties make contract or are involved in torts with the agents 
Disclosed Principal Identity of principal is known by the third party at time of making of contract ...
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NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++
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NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++ 
 
 
Which of the following best defines "insured"? 
 
A. Transfer of the risk of financial loss from one party to another 
B. A legally binding contract in which the insurance company agrees to pay for specified losses in exchange for premiums 
C. An individual or organization that pays premiums in exchange for financial protection 
D. A company, group, or government agency offering financial prot...
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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!
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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J 
 
Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E 
 
Actual Cash Value (ACV) - ANSWERSA valuation method used by...
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