Brokers license - Study guides, Class notes & Summaries

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, individual...

REAL ESTATE U FINAL EXAM QUESTIONS AND VERIFIED ANSWERS 2024 GRADED A. 2 / 8 1. Article 12-A of the NYS Real Property Law: The section of the NewYork RealProperty Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age 2. Sponsor: A licensed real estate broker that holds the license of a salesperson. 3. "Summary ofYour Submission": ...

PSI Exam Questions and Answers 100% Correct| Latest 2024 what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licen...

What is a tax allocation district? - A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation - Mobility substitutes Predatory loans often have fees that cost more than... - 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the proper...

Sales Associate Pre-License Course Florida Real Estate Exam 2023/2024 What does the term "farming" refer to in real estate? - ANSWER-Specializing in one geographic area A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? - ANSWER-Custom The federal, state, and local governments all play a role in the regulation of real estate. In which of the following area would the LOCAL government have the most impact? - ANSW...

Louisiana Real Estate Exam Complete Solutions ___ is the Louisiana right to dispose of a thing ️Abusus _____ is the organization that will investigate alleged violations of the Louisiana real estate license law ️The LREC A court order to physically divide property among the several owners is a ️Partition in kind A lessor who does not return a security deposit within 30 days of the tenant vacating the property, may be subject to damages for attorney fees and a minimum of: ️$20...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. correct answers B) two successive quarterly increases in the gross domestic product. Explanation When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Sl...

1 Tract - ANSWERS24 miles x 24 miles = 576 square miles = 16 townships 1 Township - ANSWERS6 miles x 6 miles = 36 square miles = 36 sections 1 Section - ANSWERS1 mile x 1 mile = 1 sq mile = 640 acres 1 Acre - ANSWERS43,560 sq feet = 160 sq rods 1 Square Acre - ANSWERS208.71 ft x 208.71 ft 1 Mile - ANSWERS5280 feet (linear) = 320 rods = 80 chains 1 Chain - ANSWERS66 feet = 4 rods 1 Rod - ANSWERS16.5 feet Riparian Rights - ANSWERSThe water rights of a land owner with respec...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...