Implied trust Study guides, Revision notes & Summaries
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CISR: Agency Operations Exam Questions & Answers 2023
- Exam (elaborations) • 16 pages • 2023
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Can be defined as a system or set of moral principles or practice - Ethics 
7 Factors that can influence an individual's ethics are: - 
- Friends 
- Family 
- Society 
- Media 
- Belief Systems 
- Educational Institution 
- Legal Restraints 
3 Benefits of being ethical – 
1. Public Trust / Confidence Gained 
2. Government Regulation Avoided 
3. Enhanced Credibility Earned 
Examples of Government Regulation – 
- Limitations on how credit scoring is used in UW 
- Trust account fiduciary rules...
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Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practi
- Exam (elaborations) • 7 pages • 2023
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Texas-Principles of Real Estate=1 Exam 
Practice Questions and Answers Verified 2023 - 
Champions School of Real Estate 
Texas - Principles 1 Exam 
Practice Questions and Answers 
Verified 2023 - Champions 
School of RealEstate 
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 
1. a: Townhomes and single-family homes differ in that a common wall. 
(a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not 
o...
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Minnesota State Insurance Licensing Exam with 100% correct answers
- Exam (elaborations) • 39 pages • 2024
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Minnesota State Insurance Licensing ExamWhat is an agent? - correct answer Someone who acts on behalf of another (producer) 
 
What is a principal? - correct answer Party for whom action is taken (insurance company) 
 
What is an agency agreement? - correct answer Legal agreement that establishes the relationship between the principal and agent; outlines powers and responsibilities of agents. 
 
What is Express authority? - correct answer Powers given to agent as part of agency agreement(written...
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Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers
- Exam (elaborations) • 84 pages • 2023
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Arizona Life Insurance Exam 
Questions and Answers 
(Latest Update 2023) 
Verified Answers 
a whole life policy that provides a choice of dividend options include the 
following statement about dividends they accrue at a guaranteed rate 
they are deferred for one year they are not guaranteed they are guaranteed 
after the first year - Correct Answers they are not guaranteed 
When there is a named beneficiary on a life insurance policy, the death 
benefits 
1. are directed to a trustee ...
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Wyoming Real Estate Test 1 Questions and Answers Already Passed
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Wyoming Real Estate Test 1 Questions 
 
and Answers Already Passed 
 
Agency is defined as a legal relationship in which one person acts, for and under the control of, 
another person: 
a. in a trustee capacity. 
b. as an independent contractor. 
c. in dealing with third parties. 
d. as a disclosed agent. c. in dealing with third parties. 
 
An agent is one who acts on behalf of a: 
a. buyer. 
b. seller. 
c. principal. 
d. broker. c. principal. 
 
"Fiduciary" most nearly means: 
a. trust. 
b. ...
And that's how you make extra money
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WRA Practice Test Questions and Answers Already Passed
- Exam (elaborations) • 56 pages • 2024
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WRA Practice Test Questions and Answers Already Passed 
A buyers uses a buyers licensee to draft an offer. The WB-11 residential offer to purchase directs the buyer's licensee to make the earnest money check payable to the: 
A. Buyers firms trust account 
B: selling firms trust account 
C: sellers account D: Listing firms trust account listing firms trust account 
Explanation: 
" 
Which of the following is the type of agency model where the firm represents just the seller in the transaction ac...
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RECA Fundamentals Exam 2023 Questions with Verified Answers
- Exam (elaborations) • 14 pages • 2023
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Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) 
 
Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature 
 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) 
 
Which of the following will occur to the supply of a good when there is a change in quantity...
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Florida Health 240 Insurance Exam (Graded A+)
- Exam (elaborations) • 21 pages • 2023
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Florida Health 240 Insurance Exam (Graded A+) 
Florida Health 240 Insurance Exam (Graded 
A+) 
Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party 
should have a reasonable expectation that the other is acting in good faith without 
attempts to conceal or deceive. 
Aleatory Contract 
A contract under which one party's performance is contingent on a...
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RECA RESIDENTIAL EXAM UNITS 1-9| RECA RESIDENTIAL TEST BANK| 1763 QUESTIONS &ANSWERS 100% CORRECT|COMPLETE SOLUTION GUIDE| LATEST 2024
- Exam (elaborations) • 416 pages • 2024
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RECA RESIDENTIAL EXAM UNITS 1-9| RECA RESIDENTIAL TEST BANK| 1763 QUESTIONS &ANSWERS 100% CORRECT|COMPLETE SOLUTION 
GUIDE| LATEST 2024 
RECA RESIDENTIAL EXAM UNITS 1-9| 
RECA RESIDENTIAL TEST BANK| 1763 
QUESTIONS &ANSWERS 100% 
CORRECT|COMPLETE SOLUTION 
GUIDE| LATEST 2024 
3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise 
to fiduciary duties in a representation relationship: 
Trust and Confidence, Best Interests, Loyalty 
8 General Obligations of REPs 
Exer...
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Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct)
- Exam (elaborations) • 34 pages • 2024
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Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct) 
Real Estate Management Certification Exam Review || With Questions & Answers (100% Correct) 
 
Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently 
C) A real estate professi...
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