Fiduicary - Study guides, Class notes & Summaries

fiduicary correct answers Act for or on behalf of another person Indemnification correct answers protection against damage or loss agent correct answers based on trust Customer correct answers A person who receives limited brokerage services without establishing an agency relationship Client correct answers principal An agency relationship exist when one person, the __________, acts for or on behalf of another person, the __________. correct answers Agent, Principal Which of th...

fiduicary Act for or on behalf of another person Indemnification protection against damage or loss agent based on trust Customer A person who receives limited brokerage services without establishing an agency relationship Client principal An agency relationship exist when one person, the __________, acts for or on behalf of another person, the __________. Agent, Principal Which of the following is grounds for suspension or revocation of a real esta...

fiduicary - Answer- Act for or on behalf of another person Indemnification - Answer- protection against damage or loss agent - Answer- based on trust Customer - Answer- A person who receives limited brokerage services without establishing an agency relationship Client - Answer- principal An agency relationship exist when one person, the __________, acts for or on behalf of another person, the __________. - Answer- Agent, Principal Which of the following is grounds for suspensio...

USAA Chapter 2 Test Questions with Complete Solutions Agent - Answer-One who recieves the authority to act on behalf of someone else. What does it mean that the agent has authrotity to bind? - Answer-The agent should take the utmost care with his words and actions because the insurer may have to live with the agents decisions and mistakes. What are the three major responsibilities of contracted agents? - Answer-Adhree to or follow the contract, use resonable judgement and care at all ti...

USAA Chapter 2 Exam With 100% Correct Answers 2024 Agent - answerOne who recieves the authority to act on behalf of someone else. Contracts - answerAgents recieve authority by written __________________. What does it mean that the agent has authrotity to bind? - answerThe agent should take the utmost care with his words and actions because the insurer may have to live with the agents decisions and mistakes. What are the three major responsibilities of contracted agents? - answerAdhree to ...