Michigan state licensing - Study guides, Class notes & Summaries

State Portion Real Estate Exam Questions and Answers Already Passed Not psychologically affected if Reputation of haunted ghost Operate INDIANA property management firm outside of the broker company What is Correct ? Broker me do with formal approval of original managing broke Listing agreement should be delivered to Owner Upon signing Broker hires interactive broker to conduct open house The broker may face disciplinary action for incompetent practice Broker a discovers a former buyers clie...

Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Answer-Social Security The focus of major medical insurance is providing coverage for - Answer-medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - Answer-$200 because this policy has a zero deductible, the insures is only responsible for the ...

PATIENT TRUST FUNDS Must have a policy. May state that the facility will not handle monies in excess of $5,000.00. The facility may charge a reasonable fee not to exceed the ACTUAL COST of providing service. 1) Policy: This must be given resident upon admission. A statement that the facility will handle personnal funds if no other person is available. Periodic statement of accounts (Minimum: Quarterly) 2) Required Printed Information: Quarterly statements including all...

MPJE Michigan 2023 Questions and Answers Already Passed Who are the board members? The MI Board of Pharmacy consists of 11 voting members: 6 pharmacists, 1 pharmacy technician and 4 public members Is the Board a Separate Entity or Under Another Organization/Department? Under the Department of Licensing and Regulatory Affairs Who Chairs the Board? The board elects a chairperson and vice-chairperson annually. The chairperson presides at meetings, and if absent or unable to preside, the vice-chai...

PSI Real Estate Practice Exam - Michigan (Chapter 1) Graded A+ Designated Agent ️A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach ️What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" ️Ch...

MI state Exam practice 120 Questions with Verified Answers After accepting an offer in writing, if a seller withdraws acceptance and cancels the transaction, which of the following is TRUE? - CORRECT ANSWER The broker, having facilitated a written acceptance of an offer, is entitled to compensation and may sue the seller for the commission. A realty company has entered agency agreements with both the sellers and the buyers in the transaction of a property. Is this allowable? - CORRECT ANSW...

Implicit Bias -NURS 381State of Michigan LARA(Licensing and Regulatory Affairs) Michigan now requires ALL nursing students to receive 2 hours of Implicit Bias training in order to apply for initial Nursing License. On-going 1 hr education required for each 2 year RN license renewal Implicit Bias education into N1 - N5 Equality = the state of being equal, especially in status, rights, and opportunities, providing the same for all. Equity = Fairness & justice, recognizing...

PATIENT TRUST FUNDS 1) Policy: Must have a policy. May state that the facility will not handle monies in excess of $5,000.00. The facility may charge a reasonable fee not to exceed the ACTUAL COST of providing service. 2) Required Printed Information: This must be given resident upon admission. A statement that the facility will handle personnal funds if no other person is available. Periodic statement of accounts (Minimum: Quarterly) 3) Procedure: American Institute o...

Michigan Prudence Exam Questions & Answers-In Michigan the practice of physical therapy is regulated by: a) Federation of State Boards of PT b) Department of licensing and Regulatory Affairs (Department) and the Michigan Board of Physical Therapy c) American Physical Therapy Association d) Michigan Physical Therapy Association - Department of licensing and Regulatory Affairs (Department) and the Michigan Board of Physical Therapy The actual license for a physical therapist MUST be: ...

PSI Real Estate Practice Exam - Michigan (Chapter 1)Designated Agent - correct answer A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach - correct answer What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assign...