Describe a fiduciary duty - Study guides, Class notes & Summaries

Commission - A fee that a real estate broker is paid on the sale of an asset or the lease of a space. Typically calculated as a percentage of the sales price or percentage of the total rental income over the life of the lease. Architect Contract Phases - Schematic design, design development, bid negotiation, construction documents, and construction administration. Architecture - The work of developing concepts and converting those concepts into images and plans that are used to construct b...

When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - Fines and/or imprisionment Salesperson A for Broker B has listed a home. Salesperson C for Brok...

MMC3210 Module 3 Questions and Answers Latest Updated 2024 What is a Sports Agent? A sports agent is an individual whom procures and negotiates employment and endorsement contracts for an athlete. Sports Agent Responsibilities 1. Be the ultimate protector of their client 2. Represent client's interests zealously 3. Negotiate athletes employment contract with team 4. Communicates with team owners, managers, coaches and other individuals/companies Perception of Sports Agents ...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She made her last payment this month. What happens now? - answerThe trustee grants a reconveyance deed to Olivia. - answer - answer - answer What is the reproduction cost? - answerthe cost to build an exact replica of the subject, with the same materials and deficiencies. Which fiduciary duty continues even after a transaction closes? - answerAcconting What i...

supply The amount of goods offered for sale within a given market at a given price during a given time period. General Agent A property manager is an example of what type of agent? Special Agent A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial The general uses of real property include the following: Market Comparison Approach A means of comparing similar type properties would have recently sold to the subject proper...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - answerBecause the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is t...

Colibri Real Estate Chapter 2 Quiz Questions with 100% Correct Answers An agency relationship may be involuntarily terminated by which of the following? - Answer- By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - Answer- A subagent An agency relationship may be involuntarily terminated by which of the following? - Answer- Co...

N5350 Roles Final Study Guide Questions and Answers with Complete Solutions 2024 1. What are the 4 settings for prescriptive authority? Describe the requirements in each setting for physician supervision, # of NPs, chart review, and any other special requirements in that site. - answer1. Medically Underserved 2. Physician Primary Site 3. Physician Alternate Site 4. Facility Based Practice Site. * General requirements per TBON rule 222.5: regular visits, chart review as determined by APR...

Funding for Medicare Part B is partially provided by - user premiums Which of the following would evidence ownership in a participating health insurance contract? - Policy Ownership To protect information, systems, agents, brokers, and insurance companies must implement and maintain a(n) - cybersecurity policy An insurer is best described as - Any person, corporation, association, or society that writes insurance contracts Jennifer is required to pay a specific sum out of pocket befo...

N5350 Roles Final Study Guide Questions and Answers with Complete Solutions 2024 1. What are the 4 settings for prescriptive authority? Describe the requirements in each setting for physician supervision, # of NPs, chart review, and any other special requirements in that site. - answer1. Medically Underserved 2. Physician Primary Site 3. Physician Alternate Site 4. Facility Based Practice Site. * General requirements per TBON rule 222.5: regular visits, chart review as determined by APR...