Trust and estate cases Study guides, Class notes & Summaries

ACAMS Certification Exam 2023-2024 Questions and Answers Correct C - The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investiga...

Contemporary Canadian Business Law 12Ed. By John A Willes, John H Willes -Complete, Elaborated and Latest - Test Bank & Solutions Manual MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A sophisticated client A) does not require the services of a lawyer. B) is someone with formal legal training. C) distrusts and derides lawyers. D) understands the importance of the solicitor-client relationship. E) should represent themselves, rather than...

National USPAP Course Exam The Appraisal Foundation has the authority to enforce the requirements of USPAP. - Correct answer-False Currently, the boards within the Appraisal Foundation include: - Correct answerAppraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - Correct answer-Appraisal Standards Board Qualification criteria for appraiser certification and recertification are disseminated to state appraisal boards ...

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...

Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by its decisions. Supreme Court Some courts recommend that p...

CTFA - Fiduciary & Trust Activities Latest Update Graded A+ Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Constructive Trusts and Resu...

Principles of Real Estate I Exam Questions and Answers 2024 Already Graded A+. In most markets, in which month would a real estate downcycle typically start? November You have a listing agreement with Sam, which makes him your ______. Client Who has the ultimate responsibility for the sales agent's actions in Texas? The sales agent, and the sales agent's broker Licensee Dionne pointed out to her buyer client the items in the house she was showing that would be considered real property. On...

Texas Principles Of Real Estate II Final Exam Questions and Answers Latest Updated CompleteWritten documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas -answer- C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person w...

California Broker Real Estate Exam Questions and Answers Already Graded A Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? Present both offers to the seller as soon as possible. The two primary documents dealing with payment of a loan are the mortgage or deed of trust and a promissory ...

Principles of Real Estate I Exam Questions and Answers 2024 Already Graded A++. In most markets, in which month would a real estate downcycle typically start? November You have a listing agreement with Sam, which makes him your ______. Client Who has the ultimate responsibility for the sales agent's actions in Texas? The sales agent, and the sales agent's broker Licensee Dionne pointed out to her buyer client the items in the house she was showing that would be considered real property. O...