Intermediary liability - Samenvattingen, Aantekeningen en Examens

Aceable Exam 1 Practice Questions with 100% Correct Answers Which of these illustrates a person exercising their surface rights? a. Lena builds a yoga shed in her backyard b. Laurence sells the right to extract gas from underneath his property to the energy company c. Leticia drills a well to access the subsurface water on her property d. Lou goes wakeboarding in the lake that abuts his property - answerA Who holds title and manages the property in a trust? - answertrustee What type of e...

California Property and Casualty Exam Already Graded A+ ___________ refers to continued coverage under the policy for an additional period of time upon expiration of the current policy period. Cancellation Forfeiture Renewal Lapse Renewal "Nonpayment of premium" means failure of the named insured to discharge when due any of his obligations in connection with the payment of premiums on a policy, or any installment of such premium, whether the premium is payable directly ...

Broker-Salesperson Relationship - RE broker responsible to commission, members of public, and broker clients for all acts by broker or salesperson No salesperson shall accept compensation from anyone but sponsoring broker vicarious liability- 1995 limits to licensee ability through TRELA amendment- licensee not liable for misrepresentation/concealment unless they knew of falsity and failed to disclose Enforcing Compensation Agreement - action for collection of compensation ONLY if proof of ...

Texas Real Estate Law - SAE Champions School Of Real Estate Correctly Answered 2024 CERCLA Liability Rules - Answer -Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act - Answer -A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act - Answer -An act which requires lenders to inform borrowers o...

Law of Agency Final Exam Review with complete solution 1. Price-fixing, boycotting, and allocating customers or markets are activities MOST relating to real estate brokerage violations of the a. federal antitrust laws. b. Real Estate Settlement Procedures Act. c. Texas Deceptive Trade Practices Act. d. Texas Real Estate License Act. A 2. During a listing presentation, the prospective seller asked the salesperson if his company's listing fee was standard in the area. Which of the follow...

Texas Real Estate Law - SAE Champions School Of Real Estate Exam With Complete Solutions CERCLA Liability Rules - answerHazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act - answerA federal law that established procedures that consumer- reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act - answerAn act which requires lenders to inform borrowers o...

Adverse Possession - A person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. APA - American Psychological Association arbitrary and capricious - a judgment or decision, by an administrative agency or judge, which is without basis in fact or in law. Such a decision is often referred to as being without a rational basis. at-will employment - employment which can be terminated at will by the e...

What two basic categories is the insurance business divided into? - Answer-Life and health insurance, and General insurance What type of licensed intermediary represents only one insurer? - Answer-Exclusive Agents What is the primary function of insurance? - Answer-A method of sharing the losses of a few people among the many Who does the adjuster represent when handling a claims situation? - Answer-Insurer Which term is used to refer to insurance that includes both property and casualty? ...

Law of Agency-Final Exam Review Questions and Answers Already Passed What are the minimum services an agent must offer; According TRELA subchapter 1101.557b states a broker representing a party or listing real estate for sale is the party's agent and 1. May not instruct another broker to directly or indirectly violate the sub chpt-1101.65b22, 2.Must inform the party if the broker Receives material information related to the transaction to list, buy, sell, or lease the parties real estate, incl...

Gold Coast Real Estate Exam Questions and Answers 100% Pass How long must a broker maintain records/files - Answer- 5 years (2 years after court proceeding) Registered with DBPR, at least one room, records kept there, may be in broker's home if zoning permits - Answer- Broker office requirements Deposit accompanying offer - Answer- Earnest money Commercial bank, title company having trust powers, credit union, or savings association located in the state of FL - Answer- Broker's escrow ...