Pearson Vue State License Study guides, Class notes & Summaries

Pearson VUE State Insurance License Test (2024) || All Questions & Answers (Graded A+) Pearson VUE State Insurance License Test (2024) || All Questions & Answers (Graded A+) 1A buyer purchases a furnished condominimum apartment as an investment. The document that evidences the buyer's ownership of the furniture is a a. Special warranty deed b. Homeowner's insurance policy c. Bill of sale d. Buyers inventory - ANSWER - c. Bill of sale Using the cost approach, an f calculates the cu...

Pearson VUE: Property Insurance Certification Exam (2024) || All Questions & Solutions (Rated A+) Pearson VUE: Property Insurance Certification Exam (2024) || All Questions & Solutions (Rated A+) S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of th...

Pearson Vue State Licensing Test (2024) || All Questions & Answers (Graded A+) Pearson Vue State Licensing Test (2024) || All Questions & Answers (Graded A+) In order for a tenant to claim relief for constructive eviction: a. the landlord must have intentionally withheld required repairs or maintenance b. any defects must be deemed to present a health hazard to the tenants c. the tenant must prove continuous residence in the premises d. the defect must be related to either heating ...

Pearson Vue Life Insurance 2024 Certification Exam || With 100% Verified Solutions (Rated A+) Pearson Vue Life Insurance 2024 Certification Exam || With 100% Verified Solutions (Rated A+) P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - ANSWER - B A contract that has as its basic functio...

Pearson Vue State Health Insurance License Exam (2024) || Questions & Solutions (Graded A+) Pearson Vue State Health Insurance License Exam (2024) || Questions & Solutions (Graded A+) An individual may obtain a temporary insurance producer's license without passing the licensing examination if the individual: A.is a deceased licensed producer's next of kin A. is a deceased licensed producer's next of kin B.is taking insurance courses at a university B. is taking insurance courses at...

Pearson Vue Test (2024) || All Questions & 100% Correct Solutions Pearson Vue Test (2024) || All Questions & 100% Correct Solutions Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? A. Emblements B. Personality C. Fixtures D. Appliances - ANSWER - C A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: A. sales...

Pearson Vue State Cert. Exam || All Questions & Answers (Expert Rated A+) Pearson Vue State Cert. Exam || All Questions & Answers (Expert Rated A+) In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as de...

Pearson Vue State Exam – Questions & Answers (Graded A+) Pearson Vue State Exam – Questions & Answers (Graded A+) Real property interests include... - ANSWER - an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? - ANSWER - Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and inte...