Pre licensing final exam Study guides, Class notes & Summaries

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the individ...

Michigan Builders License - All questions for the 60 Course Questions with correct Answers A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime ...

Florida Real Estate U Final Exam Answered 2023/2024 Florida Real Estate U Final Exam Answered 2023/2024 An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect?...

Azure Tide 2023 Pre-Licensing Final Exam Questions & Complete Answers (With Rationale) Azure Tide 2023 Pre-Licensing Final Exam Questions & Complete Answers (With Rationale) A Real Estate brokerage is a business where sales associates provide real estate services to clients for compensation. - ANSWER- False A Real Estate brokerage is a business where a managing broker oversees the Broker Associate/Sales Associates that work for the brokerage and provide real estate services to clients for ...

Riparian rights - ANSWER Property owner owns land that borders a navigational river. Fixture - ANSWER Once personal property, but now affixed to land or property permanently. IRMA test. Ex. Blinds, fan, cabinets, heating plants, plumbing, light fixtures. Trade fixture - ANSWER Owned by a tenant and attached to real property to do business. Tenant takes with them when leaves. Tenancy in common - ANSWER A parcel of real estate may be owned by two or more people/entities. Interest is inher...

Pre licensing Final Exam QuestionRiparian rights - ANSWER Property owner owns land that borders a navigational river. Fixture - ANSWER Once personal property, but now affixed to land or property permanently. IRMA test. Ex. Blinds, fan, cabinets, heating plants, plumbing, light fixtures. Trade fixture - ANSWER Owned by a tenant and attached to real property to do business. Tenant takes with them when leaves. Tenancy in common - ANSWER A parcel of real estate may be owned by two or more p...

NJ State Board of Mortuary Science JP Exam Questions and Answers Already Passed What is the name of the Board or dept. that regulates the funeral industry in your state? State Board Of Mortuary Science Of New Jersey NJ Office Of the Attorney General: Division Of Consumer Affairs What are the licensing req. for funeral directors (edu., length of apprenticeship)? 2 yr. apprenticeship w/ an associates degree or = 1 yr. apprenticeship w/ a bachelors degree or = Cannot exceed 3 yrs. must have colleg...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

Pre licensing Final Exam| latest update 2023/24

NJ Life Producer Exam Correct answers latest update Which of the following amounts must decrease in a decreasing term? Death benefit In life insurance, insurable interest must exist at the time the.. Producer writes an on a proposed insured An applicant makes an offer to the insurer when they pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? Premium Schedule An insurer that...

IOWA LIFE/HEALTH PRE-LICENSING FINAL EXAM 2024|150 QUESTIONS WITH CORRECT DETAILED ANSWERS|LATEST UPDATE 1. Which of the following best describes a contingent beneficiary? Answer: Person designated by the insured to receive policy proceeds in the event that the primary beneficiary dies before the insured 2. Which of the following is NOT included in the policy face? Answer: Exclusions 3. Which of these is NOT a type of agent authority? Answer: Principal