Describe a fiduciary duty - Study guides, Class notes & Summaries

South Carolina Real Estate Exam Questions and Answers When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - Correct Answer ️️ -The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - Correct Answer ...

which of the following best describes the aleatory nature of an insurance contract? - correct answer -Exchange of unequal values An insured purchased an insurance policy 5 years ago. Last year she received a dividend check, this year she didn't what type of insurer? - correct answer -Mutual What documentation grants express authority to an agent? - correct answer -Agents contract with the principal Because an agent is using stationery with the logo of an insurance company, applicants f...

South Carolina Real Estate Exam Questions and Answers When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - Correct Answer ️️ -The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - Correct Answer ...

GOLD COAST REAL ESTATE EXAM One type of a residential sales transaction involves the sale of any improved residential property of (________) units or less Four The term __________ is registered trademark of the National Association of Realtors and may be used only by members of the organization Realtor Most real estate licensees are involved in ______________ brokerage Residential An estimate of the value of property developed by a real estate licensee for use in listing or se...

SOUTH CAROLINA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - -The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - -Fines and/or imp...

CPCU 552 Test #2 (Ch. 7-8) Exam Questions and Answers 100% Solved Describe the major functions of a corporation's board of directors. - • establish corporate policy • make major business and financial decisions • appoint executive officers to manage daily operations Describe the 4 fiduciary duties of the directors and officers of a corporation. - • duty of care (with care that a person in a similar position would reasonably believe appropriate under similar circumstances) • d...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - answerBecause the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is t...

a running stream is considered - ANSWER-real property water found on the land in watercourses, such as natural springs, streams, or rivers and in bodies of water, such as ponds or lakes is called - ANSWER-surface water What is riparian rights - ANSWER--riparian property owners have reasonable use of the follow water - the owner of property bordering a stream or river has riparian rights -the owner of adjacent land may not lawfully divert all available waterand thereby deprive a riparian ...

When a loan is subject to the provisions of the Real Estate Settlement Procedures Act (RESPA), Which of the following elements of the Real estate transaction need NOT observe RESPA guidelines - The Commission structure for licensees Regulation Z of the Truth_in lending Act Provides what penalty for licensees who willfully fail to comply with its advertising guidelines for real estate financing? - Fines and/or imprisionment Salesperson A for Broker B has listed a home. Salesperson C for Brok...

Principal Broker - ANSWER A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be - ANSWER 18 years of age; background check; educational requirements; real estate license for 3 years; passed brokers exam To become eligible for a principal broker license, a broker must have held an active real estate license for a period of not less than t...