Fiduciary answer agent Study guides, Class notes & Summaries
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Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions
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312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? 
 
a. Nonrepresentation 
b. Single agency 
c. Dual agency 
d. Transaction brokerage - Answer- D. Transaction brokerage 
 
242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: 
 
a. Automatically be revoked 
b. Automatically be suspended 
c. Probably be revoked because of the 
con...
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Virginia Property and Casualty Insurance Exam Review (Latest 2024/ 2025 Update) Practice Questions and Verified Answers| 100% Correct| Grade A
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Virginia Property and Casualty Insurance 
Exam Review (Latest 2024/ 2025 Update) 
Practice Questions and Verified Answers| 
100% Correct| Grade A 
 
 
Q: What is high risk coverage purchased from an unauthorized company? 
 
 
Answer: 
Surplus Lines Insurers 
 
 
 
Q: How are insurance companies defined? 
 
 
Answer: 
Where they are located, chartered, or incorporated. 
 
 
 
Q: What protects policy holders from an insurer's insolvency? 
 
 
Answer: 
Property and Casualty Insurance Guara...
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers,100% CORRECT
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers 
 
Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
Fcebook Live - CORRECT ANSWER Video streaming through facebook. 
 
CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...
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Webce Insurance test questions and Answers Graded A+
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Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 
 
20 
30 
10 
45 - ANSWER-10 days 
 
Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? 
 
 She must move to Pennsylvania. 
 She must surrende...
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Life, Accident and Health Insurance Ohio Questions and Answers (2024 / 2025) (Verified Answers)
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Life, Accident and Health Insurance Ohio Questions 
and Answers (2024 / 2025) (Verified Answers) 
Which is a FALSE statement? 
a. Agents act in a fiduciary capacity when handling premiums. 
b. Misrepresentation on an application can void coverage, if 
material. 
c. Mutual life insurers cannot guarantee their future dividend 
scale. 
d. You can protect future dividends on a non-participating policy. - 
CORRECT ANSWER D. 
Only participating policies might pay dividends to policy owners. 
Stock ...
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Law of Agency – Champions Exam Questions with correct Answers
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price 
 
the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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INSURANCE EXAM QUESTIONS & ANSWERS 2024
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INSURANCE EXAM QUESTIONS & ANSWERS 2024 
 
which one of these is NOT a type of agent authority? 
A. Express 
B. implied 
C. principal 
D. apparent - Answer - principal 
 
which of these arrangements allows one to bypass insurable interest laws? 
A. concealment 
B. indemnity contract 
C. contract of adhesion 
D. investor-originated life insurance - Answer - Investor-originated life insurance 
 
A policy of adhesion can only be modified by whom? 
A. The agent 
B. The applicant 
C. The primar...
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Claims Adjuster Final Exam (Multiple Choice Questions and Correct Answers)
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Claims Adjuster Final Exam (Multiple Choice Questions and Correct Answers) 
An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Correct Answer: The insured and insurer
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Bus 250 Final || Questions and 100% Accurate Answers.
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Civil Law correct answers Regulates the rights and duties between parties 
 
Agent correct answers A person who acts for someone else 
 
Bilateral Contract correct answers A promise made in exchange for another promise 
 
Common Law correct answers Judge-made law 
Law made when judges decide cases and then follow those decisions in later cases 
Predictability and flexibility are the most important goals 
Still predominates in contract law, agency law, and tort law 
 
Contract correct answers A l...
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Real Estate Dynamics Ch. 6 & 7 – Agency Questions with Complete Solutions
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A principal empowers an agent to conduct the ongoing activities of one of her business enterprises. This is an example of: Correct Answer-General agency. 
 
A property seller empowers an agent to market and sell a property on his behalf. This is an example of: Correct Answer-Special agency. 
 
Implied agency arises when: Correct Answer-A party creates an agency relationship outside of an express agreement. 
 
A principal instructs an agent to market a property only to families on the north side ...
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