The provisions of the Real Estate License Law apply to which of the following individuals?A. a regular employee of a property owner who conducts lease transactions on the propertyO.B. a licensed person who for a fee receives a referral from a licensed brokerⒸC. a property manager who handles the sale of units within a managed condominium complexOD. salespersons who sell their primary residences

Introduction: the real estate license law is federal and states law to bring protection for real…

Answered: The provisions of the Real Estate…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

Under the SAFE Act, which of the following businesses will need to have a licensed mortgage loan originator on staff? A) A title company that closes mortgage loans B) A manufactured home seller that takes applications for financing C) A mortgage servicing company that engages in modifications for the loans that it is servicing D) A real estate agency that collects information on buyers to see if they will qualify for a mortgage loan but that does not send that information to a lender
Which of the following is the least important reason for requiring that insurance agents be licensed? A) To establish and maintain high professional and ethical standards B) To protect the public C) To give the government adequate control over the conduct of agents D) To provide additional income to the government through license fees
A mortgage loan originator (MLO) is prohibited from taking which of the following actions? A) Collecting an application fee prior to ordering a credit report B) Assisting a mortgage loan applicant in completing a mortgage application by filling out the form with the MLO's best assumptions C) Accepting a check for the appraisal before the borrower receives the Loan Estimate and intent to proceed D) Accepting a check payable to a title company and forwarding the check to the title company as payment for a title search
When renting a property for short terms or for more than 3 times per year, a licensee must be aware of: A. Fair Housing B. Special Accommodation C. Public Lodging Requirements D. Health Codes
Which of the following is induded under the jurisdiction of the Department of financial Service A) insurance agents B) Financial institution regulation C) Insurance policy forms and rates D) Healthcare administration
The basic coverage provided by the life insurance policies may be supplemented by a separate provision that provides coverage for accidental amounts or of a different nature. Collectively these provisions are known as A) riders B) deposit privileges C) dividends D) assignment
Need a long and detailed self-explanatory analysis of the following case after hearing the oral argument of the case in Oyez Bank of America Corp. v. City of Miami
Choose the individual who would be eligible for membership in the Florida Real Estate Commission. broker who held an active license for ten years and has been retired (inactive license) for the past two years member of the general public who had a real estate license 15 years ago active sales associate who got her license one year ago broker who has had an active license for the past five years and is over the age of 65
second answer for part C
answer part a b and c
52 if the insured consults during the first policy year the insurer will a. Pay the face amount but not double b. Pay 10% of the policy face value c. Return all premiums and not pay the claim d. Return all premiums less company expenses
Which one (1) of the following statements is true regarding Replacement Cost insurance? OA) A professional appraisal is required by insurers before they will insure any property for its Replacement Cost. OB) Most insurers do not require an insured to replace a damaged property as a condition to be indemnified for its Replacement Cost. OC) A condition of this coverage is that replacement must be with materials of similar kind and quality. OD) Only commercial properties can be insured for their Replacement Cost.

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