The smiths - Study guides, Class notes & Summaries

A neighbor's child enters Alice's backyard through a broken fence and drowns in her swimming pool. Unable to pay her mortgage, Alice declares bankruptcy before the child's parents sue her. What is true about Alice's coverage under her homeowner's policy? - Alice's insurer must respond to the claim despite Alice's bankruptcy The bankruptcy of an insured provision provides that any bankruptcy or insolvency of an insured does not release the insurer from its contractual obligations unde...

AINS 101 EXAM QUESTIONS WITH 100% CORRECT ANSWERS UPDATED Why are insurance regulators concerned about the effects of large catastrophes? - Answer- Insurers may become insolvent A stock insurer differs from a reciprocal insurance exchange in which one of the following ways? - Answer- Stockholders own a stock insurer. Members own a reciprocal insurance exchange. Sota's Superstore has recently become an insured of Keithly Insurance Company. Kaito, Keithly's premium auditor, is bein...

Adjuster Pro Questions Study Guide Questions with 100% Verified Correct Answers 2024/2025 Ron works from home. After a kitchen fire renders his home uninhabitable, his is forced to rent an apartment in town while the repairs are made. Which type of coverage could help Ron pay for the cost of renting his apartment? - Correct Answer Coverage D - Loss of Use Fred lives near a business that is currently the object of a protest. As police try and break up the protesters, a riot ensues and spills ...

For every person on your team, t, you expect to get 4 minor projects a month, p. Which function input-output notation represents the situation where you have 3 people on your team? A) t(4)=12 B) t(4)=3 C) p(3)=4 D) p(3)=12 p(3)=12 For a school fundraiser, a local business will donate $1 for every $10 donated by the community. What would the corresponding coordinate be if the community raised $1,450? A) (145, 1450) B) (1450, 145) C) (145, 14500) D) (14,500, 1450) (1450, 145) ...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

California Real Estate Principles - Questions and Answers Rated A (1) 1. The Real Estate Law is included in the: - a. Licensing Code - ️ b. Business and Professions Code - c. Health and Safety Code - d. Corporations Code (1) 2. The Real Estate Commissioner is accountable to the: - a. California Bureau of Real Estate - ️ b. governor - c. Real Estate Advisory Commission - d. legislature (1) 3. Salesperson Sam owns 25% of Rollo Realty, Inc., while broker Barbara Rollo owns...

All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage insurance, and attorney's fees. D. A client who desires...

CRPC 2018 Exam Questions with Revised Answers You would like to examine the Smiths' net worth as of Dec. 31, 20XX. You will prepare a. a retirement plan b. a statement of financial position c. an income replacement percentage d. a cash flow statement - Answer-a. a statement of financial position A statement of financial position shows a client's net worth, which is defined as assets minus liabilities, as of a specific date. A cash flow statement shows a client's net cash flow (o...

1. The fewer properties on the market, the greater the scarcity. What's the effect on prices? Prices are pushed upward 1. Frank owns a property on which there is walkway to the beach shared by his neighbors on either side. What is Frank's property? · Servient estate 1. Simon is looking for a facility for a large grocery distribution operation. He found two options, one of which is offering him a triple net lease, and the other an absolute net lease. Why is his attorney arguing...

All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage insurance, and attorney's fees. D. A client who desires...