Reserve auction - Study guides, Class notes & Summaries

Auction CORRECT ANSWER The sale of goods or real estate by means of exchanges between an auctioneer and members of an audience There shall be ______ member North Carolina auctioneer commission having the power and responsibilities set out in this chapter. The____ shall appoint the members of the commission. CORRECT ANSWER 5 , Governor "Fund" means Auctioneer Recovery Fund. CORRECT ANSWER True It is legal and ethical for the commission to investigate the background of any applicant app...

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - ANSWERSFormulas to calculate commission? PRINCIPAL - ANSWERSWhat is the term that describes the money that is lent? CASH TO CLOSE - ANSWERSDown payment minus earnest money? TOTAL SALES PRICE - ANSWERSLoan payment + loan principal? ORIGINATION POINTS - ANSWERSLoan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS - ANSWERSLoan points/fees char...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns to...

Auction Exam Questions With 100% Correct Answers Absentee Bid - answerA procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company. Absentee Bidder - answerA person (or entity) tha...

U.S. Government debt is sold by _____________ bidding at a weekly auction conducted by the _________________ where ____________ are sold. - Sold by COMPETITIVE bidding at a weekly auction conducted by the FEDERAL RESERVE where TREASURY BILLS are sold. (This is by far, the largest amount of debt issued by the government.) Every ________ weeks, Notes, Bonds, and TIPS are sold at auction. - Every 4 weeks. (The actual amount of debt for sale at each auction depends on the financing needs of the...

Acquisition or disposition of Real Property Central Register? - Notice Advertising Requirements for Real Property MGL c38B, s16 (d) - - Central register submission April 11 -Earliest Central Register publication April 19 -Central Register date (30 days) April 24 -One week more (newspaper) May 9 -8 days prior (newspaper) May 16 -Bud submission date May 24 Advertising the IFB must include? - -state where, when and for how long the IFB may be obtained -Describe the supply or service needed...

Auction Correct Answer method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience Auctioneer Correct Answer any person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for recognition of and the acceptance of offers the pu...

The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _______ Is the value of an activity or asset. Gene...

Auction Exam Questions With 100% Correct Answers Absentee Bid - answerA procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company. Absentee Bidder - answerA person (or entity) tha...