Fema terms - Study guides, Class notes & Summaries

(Summary) Pearson Vue Real Estate Utah,Over 500 Questions And Correct Answers. Complete Verified Solution Errors and Omissions (E&O) Insurance Protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions Puffing extravagant claims made by sellers in order to attract buyers Due on sale clause a stipulation in a mortgage or deed of trust, requiring a borrower to pay the entire loan balance upon the sale of the property for whic...

CHPA Terms Quiz 105 Questions with Verified Answers Established in 1896 to reduce burden of fire - CORRECT ANSWER National Fire Protection Association (NFPA) An operational plan or activity that is common to healthcare security operations - CORRECT ANSWER Industry Standard Practice (ISP) A procedure or operational activity that tends to validate its merit with demonstrated repetition - CORRECT ANSWER Best Practice Often associated with a practice that is utilized in a majority of pro...

Bailee An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursement to the insured, according to the price a willing buyer would pay for ...

Alabama Real Estate Exam Already Graded A+ Special or Specific Agency ️The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. General ️Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. Designated agency ️A dual age...

FEMA ISC 200 STUDY REVIEW PRACTICE TEST. Which incident type requires one or two single resources with up to six personnel? - CORRECT ANSWER Type 5 Which of these is NOT a tool that you would need at the incident? - CORRECT ANSWER Exercise Plan Which ICS Supervisory Position title is used at the Division/Group organizational level? - CORRECT ANSWER Supervisor Which factor does not impact the complexity of an incident? - CORRECT ANSWER Cost considerations of responding agencies W...

NMLS Practice Test Hard Questions and A A discount point is BEST described as a charge the borrower pays to: A.)A lender to decrease the interest rate on the mortgage loan B.)A mortgage broker at the time of application to obtain a favorable rate C.)The seller as part of the closing costs of a loan D.)A lender to ensure against foreclosure - Answer-A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an ad...

HUD Housing Counselor Exam Questions With Complete Solutions. Adjustable Rate Mortgage (ARM) Adjustable rate mortgages have an initial rate that applies for a defined period of time (typically from one month to 10 years), then adjusts at pre-determined intervals for the life of the loan. Interest rates can increase or decrease when adjusted. Adjusted Gross Income Gross income minus adjustments, or reductions, that one is eligible for, such as deductions for unreimbursed business expenses, ...

insurance - Answer financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured - Answer individual or organization that pays premiums in exchange for protection insurer - Answer company, group, or government agency offering financial protection how does insurance work? - Answer insured pays premium insurer promises to pay for specific losses if they occur insurer's promise gives peace o...

(Summary) Pearson Vue Real Estate Utah,Over 500 Questions And Correct Answers. Complete Verified Solution Errors and Omissions (E&O) Insurance Protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions Puffing extravagant claims made by sellers in order to attract buyers Due on sale clause a stipulation in a mortgage or deed of trust, requiring a borrower to pay the entire loan balance upon the sale of the property for whic...

NFIP Flood Insurance Exam Questions and Answers WYO Program - ️️ "Write your own" insurers write the coverage on their own "paper" but the NFIP reinsures 100% of the coverage Wait period for policy to become effective - ️️ 30 days, this is done to avoid panic buying before disasters strike Standard Flood Insurance Policy (SFIP) - ️️ Defines coverage, limits , and exclusions for NFIP flood Insurance policies with terms and conditions unique to the NFIP - NFIP insurers can O...