Price confusion Study guides, Class notes & Summaries

PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS LATEST. A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Answer- an exclusive agency listing What critical aspect of the property inspection process MUST license...

Texas Funeral Prearrangement License Exam Questions With 100% Correct Answers 2024/2025 (GRADED) A funeral prearrangement life insurance agent must be supervised - Correct Answer-By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Correct Answer-$15,000 A funeral prearrangement life insurance agent license expires when the agent - Correct Answer-Fails to ...

Law of Agency Unit 1 Questions and Answers 100% Pass If a buyer hires a broker under a buyer representation agreement, the principal is the: buyer. If a seller signs a listing agreement with a broker, the ________ is the listing agent. broker There is no third party customer in ________ representation. intermediary The role each party (client, broker, or customer) has in the agency relationship is determined by the type of ________ used. employment agreement Listing Agents must: work with a...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS LATEST. A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Answer- an exclusive agency listing What critical aspect of the property inspection process MUST license...

What happens when two parties to a sale of a house have not established a fixed time for the transaction to close? Answer Choices: The sale will not be legal The time will then fall under the UCC Both parties are not bound to the transaction within 30 days The seller can continue to accept other offers - Answer- In Texas this is usually one month and it falls under the UCC. Why make the "time is of the essence" clause clearly labeled? Answer Choices: To avoid confusion To make cer...

A funeral prearrangement life insurance agent must be supervised - Correct Answer-By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Correct Answer-$15,000 A funeral prearrangement life insurance agent license expires when the agent - Correct Answer-Fails to submit a biannual renewal application and fee When an application for an insurance agent license...

The ________ of statutory law agency directly affect and regulate agency relationships. - Answer- Statues and rules What is the term for a legal relationship in which a person is authorized to conduct business, sign papers, or otherwise act on behalf of another person? - Answer- Agency Common law agency: - Answer- obtains its authority from customs originating from pre-colonial England. The principal is: - Answer- an individual or entity that has the ultimate authority to make decisions...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - -an exclusive agency listing What critical aspect of the property inspection proc...

Funeral Pre-arrangement Exam Questions and Answers A funeral prearrangement life insurance agent must be supervised by: -Answer-None of the above What is the maximum initial guaranteed death benefit that a funeral prearrangement life insurance may sell? -Answer-$25,000 When an application for an insurance license is denied, EXCEPT for failure to pass the examination, the applicant MAY NOT REAPPLY FOR AT LEAST: -Answer-60 Months An agent's insurance license could be suspended or revoked i...

UTAH POST LEO 1 QUESTIONS AND ANSWERS RATED A+ Considerations for ID of the dead body 1. Most cases can be ID from on-scene investigations 2. When visual ID not possible, scientific means of DNA, fingerprints, and dental records will be used. 3. Fingerprints only done at knowledge and consent of OME 4. Other useful methods include clothing, jewelry, tattoos, and xrays. Considers for toxicology sampling 1. Collected on all OME cases. 2. Samples include blood, urine, liver, bile, and vitreous. 3....