Agents duties Study guides, Revision notes & Summaries

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC ov...

Sociology 101 Final Exam Questions and Answers 2023 (Straighterline Already Graded A+) What is socialization? - ANSWER-A process of social interaction by which people acquire knowledge, attitudes, values and behavior essential for effective participation in society. What are agents of socialization? - ANSWER-Family, peers, school and mass media What is the sociological theory? - ANSWER-A theory that emphasizes conditioning and observational theory What is culture? - ANSWER-Refers to a soci...

INDIANA LIFE AND HEALTH RULES AND REGULATIONS EXAM (2023/2024) RATED A+ Insurance Commissioner • Appointment by Governor • Member of NAIC Insurance commissioner Duties responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. works to promote improvements to insurance laws and the enforcement of said laws in Indiana.[ Certificate of Authority Licensed companies receive a _______________________________ to conduct the business of insur...

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant En...

South Carolina Life Insurance Producer Exam Questions and Answers 2023 Producer - ANSWER Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - ANSWER An agent who holds an insurance license in the state in which they live non-resident producer - ANSWER Agents who hold an insurance license in a different state than the one they live Broker - ANSWER agents that work on behalf of life insu...

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission p...

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...

JB Learning: EMT Final Exam.A 4-year-old, 15-kg male ingested an unknown quantity of acetaminophen (Tylenol). The child's mother states that she does not know when the ingestion occurred. The child is conscious and alert and in no apparent distress. The EMT should: (Ans - administer 15 g of activated charcoal. A patient who has experienced a back injury, with or without spinal cord damage, would be triaged with a ___________ tag during a mass-casualty incident (Ans - yellow An unconsciou...

A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated - C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of supply and risks to the infrastructure. Lucas must now ...

Business Law 11th Edition by Cheeseman Chapter 1 Legal Heritage and the Information Age Page : 24 Chapter 2 Courts and Jurisdiction Page : 46 Chapter 3 Judicial, Alternative, and E-Dispute Page : 71 Chapter 4 Constitutional Law for Business and E-Commerce Page : 96 Chapter 5 Intentional Torts and Negligence Page : 117 Chapter 6 Product and Strict Liability Page : 140 Chapter 7 Intellectual Property and Information Technology Page : 162 Chapter 8 Criminal Law and Cybercrime Page : 185 Chap...

Material fact - About the property Related to the property Principal able to complete the transaction Special importance Disclosing material facts about a seller's property - To client or customer Even if it hurts your customer Regardless of how pubic the material fact is Listing agent has highest responsibility Buyer agent is responsible to disclose if known Answer questions to avoid misrepresentation Willful - intentional Negligent - Unintentional--failure to exercise reasonable c...