Warranty o - Study guides, Class notes & Summaries

nj real estate exam questions Question and answers 2023/2024 verified to passWhich of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - correct answer C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building...

Asset Management Defined as the data, personnel, devices, systems, and facilities that enable the organization to achieve business purposes are identified and managed consistent with their relative importance to organizational objectives and the organization's risk strategy Frequently Overlooked Asset Management o Licensing o Labeling o Warranty o Lifecycle o Inventory Common Inventory Fields: Asset ID Uniquely identifies the asset (Does not have to be a physical asset) Common Inventory Fiel...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...

FAIR - Fair Access to Insurance Requirements Elements of a Legal Contract. L. O. A. C. - • Consideration • Legal Purpose • Offer • Acceptance • Competent Parties Consideration - Money and statements made on application Legal Purpose - Risk transfer doesn't violate the law Offer - Insured submits application and first month premium to insurer Insurer accepts or insurer declines the risk Counteroffer - Agrees to issue policy but with higher premium or restrictions/ exclusions ...

"Blue sky" laws were established to protect small investors. - TRUE "D&O insurance" is a Direct Offering from the insurer to a second insurer. - FALSE "Ethics" now covers sourcing of products even several steps removed from the company's own production. - TRUE "Independent" labs such as UL, which are funded by industry, are suspect because of their funding. - FALSE "This is one of the finest vintages in the last 20 years!" - This statement creates an express warranty if it is s...

1. All of the following losses are general exclusions under a dwelling policy excepta. Neglectb. Debris removalc. Nuclear hazardd. Off premises power failure ~ debris removal (included) all of the following are subject to false advertising regulations except gift, illustrations, circulars, statements ~ gifts 1. Julie wants to submit a claim for all non economic expenses related to an auto accident caused by another driver. What tort option must she select when she purchases her pe...

AZ Real Estate Exam Study Guide With Accurate Solutions. Descent, law of - answerA system whereby title to property passes by operation of law to the heir of one who dies owning property without a will Adminstrator - answerCourt-appointed personal representatives of an estate for someone who dies intestate May be called adminstratrix if female Beneficiary deed - answerIn AZ, a deed that is used to transfer title of real property to a beneficiary upon the death of the property O to avoid ...

How often is continuing education required for Kentucky real estate salespersons? - Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: - He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? - The Governor Which of the following is a violation of Kentucky license law? A) a net listin...

Real Estate Law (RE4049) Exam 2 Already Rated A+ "I accept provided that the premises will be vacated prior to March 1, 2015", is a valid acceptance if communicated to the offeror properly. (T/F) ️False "I accept provided that the premises will be vacated prior to March 1, 2015", is a valid acceptance if communicated to the offeror property. (T/F) ️False "I accept your offer, but I must have you cover closing costs," is an example of: 1. Counteroffer 2. Acceptance ️Counterof...

Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land and the building. D. income obtained from the bui...