Maven

All of the following expenses can be deducted from the security deposit of a resident EXCEPT: Background check fees. Who should complete a rental application? Prospective resident Which reason BEST describes why it is important for an apartment manager to paraphrase a resident's remarks during a conversation? It helps avoid miscommunication and shows that the apartment manager cares about the resident. Which term is BEST defined as a legally enforceable contract that grants a resident ...

All of the following expenses can be deducted from the security deposit of a resident EXCEPT: Background check fees. Who should complete a rental application? Prospective resident Which reason BEST describes why it is important for an apartment manager to paraphrase a resident's remarks during a conversation? It helps avoid miscommunication and shows that the apartment manager cares about the resident. Which term is BEST defined as a legally enforceable contract that grants a resident ...

A high rise building can be created as a what?Condominium subject to GCA If there is a conflicting provision in an association's legal documents, which document controls?Declaration In a condominium, elements owned by all unit owners but reserved for the exclusive use and control of less than all of them is known as what?Limited common elements The different ownership interests that comprise a condominium are:units and common elements In subdivisions with voluntary community associati...

What are the three keys to good customer service?• Communication • Attitude • Relationships What is the cost of turnover when a resident leaves a community?• The cost of turnover is generally more then 1-2 months rent per move out. What are the 5 techniques to building rapport?• Express a genuine interest in the other person. • Be genuinely friendly • Create physical rapport • Be an active listener • Seek agreement What are the 10 techniques for dealing with peopl...

What is the required rate discount under a Good Driver Discount policy?20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agentCharges and collects a brokers fee for service What is the procedure for refusing uninsured motorist coverage in a liability policy?Prior to issuance or renewal, the insured may state in writing that they do not want the coverag...

A special characteristic of the insurance contract where equal value is not exchanged between parties is known as - Aleatory Life insurance contracts are these agreements - Unilateral What is the proper definition of a take it or leave it contract, written by an insurer: - Adhesion The premium paid by the insured for an insurance policy is: - Consideration The best example of a Peril is: - Cause of loss An admitted insurer is: - Approved to transact An Actuary: - Works with statistics to...

What is meant by referring to an insurance policy as a unilateral contract?Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner?At all times. Any situation that presents the possibility of a loss is known asa loss exposure Which of the following information is not required to be communicated in a Life insurance contract?Personal judgment. The direct distribution of insurance utili...

What is a Modular Policy? A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six conditions that apply to the entire contract) Two or more C...

The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property.The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or restore the damaged property. Many factors can influence the ultimate loss, ...

Co-insuranceThe policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratioThe formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policyWhen a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaningThey only cover the insured if they become disabled while away from w...