Broker canada - Study guides, Class notes & Summaries

Which statement is TRUE concerning radon? Two homes next door to each other may have very different levels of radon. Hazel's brokerage firm has an annual expense budget of $162,000 that includes her own salary. She wants to make $20,000 profit. If she has seven sales associates, what must each sales associate generate in company dollars for Hazel to achieve her goal? The answer is $26,000. Required revenue is $182,000. ($20,000 + $162,000). Each sales associate must bring in at least $...

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CKE 2 HRPA- Professional Practice 2024 Exam With Correct Answers!! Acquisition The process of acquiring control of another corporation by purchase or stock exchange. Adjudication framework This document outlines the policies used to determine the medical eligibility of applicants for the Canada Pension Plan disability benefit. It is effective as of May, 2004. Agent An employee of a company that owns the product they are selling. In other words, they do not represent or sell other i...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- 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 - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

Which statement is TRUE concerning radon? Two homes next door to each other may have very different levels of radon. Hazel's brokerage firm has an annual expense budget of $162,000 that includes her own salary. She wants to make $20,000 profit. If she has seven sales associates, what must each sales associate generate in company dollars for Hazel to achieve her goal? The answer is $26,000. Required revenue is $182,000. ($20,000 + $162,000). Each sales associate must bring in at least $...

Level 2 Management – RIBO Questions and Answers Already Passed What are the provisions and responsibilities of direction and supervision of the principal broker? 1. To ensure all registered insurance brokers who are employees or partners comply with this act, regulations and by-laws 2.Ensure all brokers who are employees are provided the necessary information respecting insurance for them to act in accordance of the code of conduct and be competent as outlined by the act 3. All registered i...

Fundamentals of real estate exam prep questions and answers 2024 Land -Answer-The ground & that which is beneath & above it Real estate -Answer-land & fixed improvements to the land Real property -Answer-land, fixed improvements & intangible rights of ownership Personal Property -Answer-Items that can be removed without damaging to the the property Surface rights -Answer-Rights assoctiaed with physcial ground (top layer of land) Supply -Answer-The quantity supplied is the amount of good o...

Identify and briefly explain the four different types of relationships that can exist at different levels. Hands-on/High Involvement - These relationships are among the closest of relationships that clients can have with service providers. I.e. doctor, dentist, massage therapist. Face-to-face - This is another type of relationship that is characterized by client interaction with the company on a regular basis and in a personal environment. I.e. Most independant insurance brokers in Canada. ...

Fundamentals of Mortgage Brokerage Exam With Complete Solutions AACI - answerAccredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments - answerpayment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP - answernational designation for mortgage professionals in Canada issued by the Canadian A...

New York State Property and Casualty Licensing Exam Questions and Answers Already Passed 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 b...