Landlords Study guides, Revision notes & Summaries

CIC - Commercial Casualty Institute Latest Update Graded A+ Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) Occurrence Form: - BI/PD must occur during the policy perio...

Kentucky Property & Casualty (Chapter 5) Dwelling Insurance Policy - correct answer This type of policy covers residential properties that are not regularly occupied by the policyholder. Includes properties which are rented to others and properties which are occupied seasonally. This coverage is most often selected when the insured does not qualify for the broader coverages of the homeowner’s policy. Reasons for purchasing dwelling insurance policy - correct answer Coverage is ofte...

What Tennessee law covers landlord-tenant relations? Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of rent is inseparable from the duty to maintain the premises. An...

Maryland Real Estate Exam Question and answers 2024 verified to passMaryland Real Estate Exam Nancy, a broker in Annapolis, is going over the listing agreement with her new client, Josie, who asks, "What if I need to cancel the agreement early?" What should Nancy tell her? 1. "I'm always flexible. If we need to, we'll add an amendment to the agreement granting you permission to cancel early." 2. "Listing agreements in Maryland must be for a definite amount of time. If it would make...

Kentucky Property & Casualty (Chapter 5) Dwelling Insurance Policy - correct answer This type of policy covers residential properties that are not regularly occupied by the policyholder. Includes properties which are rented to others and properties which are occupied seasonally. This coverage is most often selected when the insured does not qualify for the broader coverages of the homeowner’s policy. Reasons for purchasing dwelling insurance policy - correct answer Coverage is ofte...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

A potential homebuyer with a minimal savings for a down payment and a low credit score is most likely to qualify for which mortgage? - United States Department of Agriculture (USDA) - Federal Housing Administration (FHA) - Fannie Mae - Freddie Mac Federal Housing Administration (FHA) Which is the most significant benefit of using a real estate agent? - Marketing the home online - Obtaining a home inspection - Paying the sales commission - Negotiating the sale Negotiating the...

real estate marketsmarkets - correct answer a mechanism for exchange of goods and/or services space markets - correct answer the market for the right to use real estate (both land and buildings) - renting asset markets - correct answer the market for the right to receive cash flows generated by activity in the space market - buying the real property - receiving rent user/rental market - correct answer tenants: source of demand landlords: source of supply rent - negotiated between ...

ACCA F6 Exam Questions and Answers All Correct Furnished Holiday Lettings - definition - ANSWER Commercial intent Available >210 days Actually let >105 days Long-term occupation (>31 days) <155 days Furnished Holiday Lettings - Benefits - ANSWER UK or EEA Income = earnings Rollover relief Entrepreneurs Relief Gift Relief Loss Relief - c/f against FHL Capital Allowance on furniture Rent-a-Room relief - ANSWER £7,500 exempt Landlords mai...

A potential homebuyer with a minimal savings for a down payment and a low credit score is most likely to qualify for which mortgage? - United States Department of Agriculture (USDA) - Federal Housing Administration (FHA) - Fannie Mae - Freddie Mac - Answer- Federal Housing Administration (FHA) Which is the most significant benefit of using a real estate agent? - Marketing the home online - Obtaining a home inspection - Paying the sales commission - Negotiating the sale - Answer- N...