Definitions broker Study guides, Class notes & Summaries
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NMLS Test Questions + Answers Graded A+
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1. bank 
2. commercial bank 
3. savings & loans 
4. credit union 
5. mortgage broker 
6. mortgage banker - 1. bank - full service 
2. commercial bank - originate largest amount of loans without using depositor's funds. 
3. savings & loans - smaller local banks that use depositors funds to originate residential mortgage loans. 
AKA savings bank or thrift 
4. credit union - takes deposits from members and pay dividends. Offer high interest rates to depositors 
and low loan rates to borrowers. 
5....
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WV Real Estate License Law Latest Version Graded A+
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WV Real Estate License Law Latest 
 
Version Graded A+ 
 
30-40-1 laws are created to protect the public for the common good 
 
30-40-3 a license is required to be a real estate broker, associate broker or salesperson 
 
30-40-4 definitions 
 
Applicant any person making application for a license 
 
Associate Broker a broker that works under the supervision of another licensed broker, must 
have 2 years of experience with adequate experience, must take another 90 hr course, must pass 
the state ...
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WV Real Estate License Law 2024 Graded A
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30-40-1 - laws are created to protect the public for the common good 
 
30-40-3 - a license is required to be a real estate broker, associate broker or salesperson 
 
30-40-4 - definitions 
 
Applicant - any person making application for a license 
 
Associate Broker - a broker that works under the supervision of another licensed broker, must have 2 years of experience with adequate experience, must take another 90 hr course, must pass the state exam, they can break away and form their own busin...
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FRED LOYA TEST QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
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EXPRESSED AUTHORITY - Answer-The type of authority granted to an agent that is applied in writing or 
verbally 
IMPLIED AUTHORITY - Answer-Authority that is not expressed or written into the contract, but which the 
agent is assumed to have in order to transact the business of insurance for the principal. 
APPARENT ATHORITY - Answer-words and actions 
INSOLVENCY - Answer-the inability to the insurer to pay debts when they are due 
INSURER - Answer-insurance company 
INSURED - Answer-A person cov...
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nevada exam 2 2024 with 100% correct answers
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The Nevada Real Estate Commission is appointed by: - correct answer The Governor 
 
Three of the following acts have grounds for disciplinary action. Which of the following does not: - correct answer Refusing, due to poor credit, to show property to a prospective customer 
 
An agent decides to reinstate his license after four years of INR. Which of the following is not true: - correct answer The agent must take the state and national examination again 
 
This form must be used in every re...
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Colorado state Real Estate Exam Questions and Answers 100% Pass
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Colorado state Real Estate Exam 
Questions and Answers 100% Pass 
The Amend/Extend Contract With Broker is used to change : - Correct Answer ️️ -Any 
contract to which the broker is a party 
According to Rule F on Commission Approved Contracts what sections may be omitted 
from the Contract to Buy and Sell Real Estate: - Correct Answer ️️ -non-applicable 
financing conditions 
In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - 
Correct Answer ️️ -A...
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Caib 1 Chapter 1 questions / definitions with 100% correct answers
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Caib 1 Chapter 1 questions / definitions 
with 100% correct answers 
Identify 4 possible options to deal with Risk , describe each - Answer- Control the Risk ( 
loss control measures) 
Avoid the Risk ( rent Rather than buy ) 
Retain the risk ( self insurance or share risk through deductibles) 
Transfer the Risk ( purchase insurance ) 
Out of the 4 means of managing risk, which is the most practical? - Answer- Transfer of 
Risk 
Identify the 5 elements required in all types of contracts - Answer-...
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Colorado state Real EstateGraded A+
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Colorado state Real Estate Exam Graded A+ 
The Amend/Extend Contract With Broker is used to change : ️Any contract to which the broker is a 
party 
According to Rule F on Commission Approved Contracts what sections may be omitted from the 
Contract to Buy and Sell Real Estate: ️non-applicable financing conditions 
In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: ️Additional 
Provisions of a commission approved contract 
"MEC" in a contract means...
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CA DRE Salesperson Exam Practice Questions
- Exam (elaborations) • 29 pages • 2023
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CA DRE Salesperson Exam Practice Questions 
 
When agent Andy took a listing, he promised the seller that he would advertise the property in a magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never contacted them what is Andy guilt of? 
 
A)Objective Fraud 
B) Constructive Fraud 
C) Actual Fraud 
D) Comprehensive Fraud - ANSWER- C) Actual Fraud 
 
A fee simple estate is: 
 
A) a leasehold 
B) an estate for years 
C) a less-than-freehold estate 
...
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(Answered) NURS C790 Foundations In Nursing Informatics Exam Test Prep.
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C790 Practice Questions 
1. Place the steps for the Staggers and Nelson life cycle in order from first (1) to last (4): 
o Implementation (3) 
o Analysis/planning (1) 
o Design/development (2) 
o Maintenance and support (4) 
2. What describes the maintenance phase of the system development life cycle? 
• The system is upgraded 
o The system requirements are defined 
o The system undergoes a readiness assessment 
o The system user undergo education and training 
3. During which phase of the sys...
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