Fiduciary relationship Study guides, Class notes & Summaries
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Aceable Law of Agency Review Exam Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2024
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Aceable Law of Agency Review Exam 
Questions with 100% Correct Answers 
Here are the four major types of agency acts: - answerListing 
Buying 
Leasing 
Property Management 
TREC's purpose is to - answerregulate educational and licensing programs that maintain 
standards AND interpret legislation that affects the real estate profession — primarily the Texas 
Real Estate License Act (TRELA). 
Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds 
their characte...
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FL Real Estate Associate Exam Practice Questions 1. Agency relationship in Florida with the fewest duties/obligations:: Non-representation broker 2. If Jackson has no fiduciary duty and offers no representation whatsoever to the buyer or the seller in a t
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FL Real Estate Associate Exam Practice Questions 
1. Agency relationship in Florida with the fewest duties/obligations:: Non-representation broker 
2. If Jackson has no fiduciary duty and offers no representation whatsoever to 
the buyer or the seller in a transaction, Jackson is a:: Non-representation broker 
3. Entity that determines and issues the final order in a disciplinary case 
constituting the finale agency action?: FREC 
4. Circumstance when broker serving as an intermediary can collec...
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Law of Agency - Champions School of Real Estate Questions and Answers
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Law of Agency - Champions School of Real Estate Questions and Answers
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Mississippi Insurance Test Questions and answers(fully comprehensive)100% accurate(DOWNLOAD TO PASS)
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The Commissioner of Insurance in Mississippi is elected to office for a term of 
4 years 
 
 
 
The burden of proof for determining that a producer is representing an authorized insurer falls on 
The producer 
 
 
 
The fine the Commissioner may levy for violating any provision of the Insurance Code is 
$1000 
 
 
 
A foreign insurer 
An insurer formed under the laws of any state other than Mississippi would be known as 
 
 
 
Each of the following is true about the Mississippi Residential Prope...
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NY REAL ESTATE EXAM 2023 WITH 100% CORRECT ANSWERS
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According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? 
Two 
 
 
 
What happens to the licenses of salespersons if their sponsoring broker's license is revoked? 
They are suspended 
 
 
 
Which type of residential real property transfer would require a property to condition disclosure statement? 
Lease with an option to purchase 
 
 
 
A listing broker for the seller has a buyer-client who asks to see the listing. This req...
Too much month left at the end of the money?
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Alabama Property and Casualty Exam 2022/2023 with 100% correct answers
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If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
d. coinsurance basis 
Pro Rata Basis 
 
 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion 
Nonrenewal 
 
 
 
Which is the best example of an indirect loss ? 
 
a. sequential loss 
b. liability loss 
c. employee theft 
d. loss of use 
Loss o...
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Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions
- Exam (elaborations) • 214 pages • 2023
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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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NYREI School Exam questions and answers well illustrated.
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What is the minimum licensing requirement to sell commercial real estate in New York? - ans a real estate salesperson's license 
 
What is the preferred method of creating an agency relationship? - ans expressed agency 
 
An amenity purchaser - ans occupies or uses the purchased property 
 
Condominium units are considered _____ property and are conveyed by _____. - ans real / deed 
 
A salesperson who is an independent contractor - ans is not subject to withholding requirem...
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Nys Realestateu final exam 2023
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Nys Realestateu final exam 2023 
Article 12 A - Correct Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers 
 
Sponsor - Correct Answer A licensed real estate broker that holds the license of a salesperson 
 
Misdemeanor - Correct Answer A crime punishable by up to a year in prison and / or a $ 1,000 fine . 
 
Listing Agreement - Correct Answer An employment contract between principal and agent , authorizing the agent to perform services for th...
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Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers,100% CORRECT
- Exam (elaborations) • 21 pages • 2023
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Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers 
 
Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...
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