Contract deposit - Study guides, Class notes & Summaries

Annuity – WebCE Exam 2024 Questions with Verified Answers Annuitization is - answerAccumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - answerA specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - answerWhen a consumer priorities and needs typically shift from asse...

45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Slowly, production facilities gear up to meet the new consumer demand, capital begins to flow back into business enterprises, and additional employees are hired. The three types of operating expenses of an income property are A) fixed, debt service, and...

In a long-term care policy issued in Virginia, any provision limiting preexisting conditions may not exceed _____ months 6 months What is a universal life insurance policy? A flexible premium deposit fund and a monthly renewable term insurance policy How is an insured's accident and health claim handled by an insurer if it occurs during the policy's grace period? The unpaid premium may be subtracted from the reimbursement What must an agent do when replacing a long-term care policy with...

PSI TN (State) Exam Questions & Answers 2023/2024 What is the purpose of an escrow account? - ANSWER-Keep money that doesn't belong to you SEPARATE from personal account/money Who is responsible for looking after Escrow Accounts for property? - ANSWER-Broker Another name for Escrow Money (earnest money, security deposits) is_________? - ANSWER-Trust Money When a Broker gets Escrow/Trust money and deposit into the Escrow Account they MUST do what as well? - ANSWER-The Broker must w...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. correct answers B) two successive quarterly increases in the gross domestic product. Explanation When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Sl...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident a...

Which of the following would create legally binding acceptance of a written offer? -The seller's agent emails the buyer's agent that the seller signed the offer as written. A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A comparable property has 2750 square feet. The estimated value of 450 additional square feet is $22,500. The broker should... -Add $22,500 to the sales price of the comparable property. An option to purchase has bee...

REAL ESTATE U FINAL EXAM AND FINAL PRACTICE EXAM LATEST ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ Are unlicensed assistants allowed to record and deposit trust money deposits and maintain trust account records under the close supervision of the offer broker-incharge? - ANSWER-Yes What entities must have a firm license to operate as a broker in North Carolina? - ANSWER-Any type other than sole proprietorships. When should written a...

LML4807 EXAM PACK ANSWERS () AND 2020 BRIEF NOTES LML4807 BANKING LAW AND USAGE PAST EXAM PACK QUESTIONS AND ANSWERS (2019 – 2014) SUMMARISED NOTES 2020 LML 4807 BANKING LAW EXAM MEMO 1. Name and explain the roles of the various parties involved in documentary letters of credit. Depending on the circumstances a large number of different parties may be involved in a letter of credit. These include: -The applicant This is usual...

GOLD COAST FINAL EXAM STUDY SET for 4/11 [100% Correct] 1 acre is how many square feet? *Ans* 43,560 A broker is entitled to compensation if they... *Ans* bring a buyer who brings an offer the seller was looking for A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker must deposit the check by close of business on which day? *Ans* Thursday A spouse who is left out of a will can claim? *Ans* Elective share 30% Abstract Continuation *Ans* history of ti...