Fiduciary relationship Study guides, Class notes & Summaries
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M100 Community Association Management Exam Questions with correct Answers
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Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors. 
d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...
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Real Estate U Final Exam Questions And Answers 2024/2025
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Real Estate U Final Exam Questions And Answers 2024/2025 
 
Article 12-A of the NYS Real Property Law Answer: The section of the New York Real Property Law pertaining to real estate salespersons and brokers. 
 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor broker Answer: A licensed real estate broker that holds the license of a salesperson 
 
"Summary of Your Submission" Answer:...
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Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
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Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update 
 
Q: An insurance policy protecting against a variety of hazards is referred to as a...? 
 
Homestead Policy 
Individual Policy 
Homeowners Policy 
Package Policy 
 
 
Answer: 
Homeowners Policy 
 
 
 
Q: Which of the following is an advantage to owning a home...? 
 
Tax benefits 
Pride of ownership 
Potential for asset appreciation 
All of the above 
 
 
Answer: 
All of the Above 
 
 
 
Q: ...
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RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024.
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RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024. 
Fiduciary Representation - Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
ma...
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Real Estate U Final Exam Questions And Answers 2022/2023
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Article 12-A of the NYS Real Property Law - Answer- - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
Sponsor - Answer- - A licensed real estate broker that holds the license of a salesperson. 
 
"Summary of Your Submission" - Answer- - Obtained after you register for the New York State...
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RECA Residential Exam Questions and Answers 100% Pass
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RECA Residential Exam Questions and Answers 100% Pass Fiduciary Representation - Trust and confidence - Best interests - Loyalty 
5 Ds of Role Clarity 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do 
Must disclose in writing - the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship 
made to clarify and provide proof of...
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AFSB 153 Sample Exam | 80 Questions with 100% Correct Answers | Updated & Verified | 27 Pages
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The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - b. Fiduciary 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term 
c. Continuous term 
d. Revolving term - d. Revolving term 
In addition to assisting bond applicants to complete applications and indemnity agreements, 
some surety producers 
a. Investigate commercial surety bond losses. 
b. Design commercial surety bond fo...
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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024
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Florida Real Estate Exam TEST 
Questions WITH 100% Correct 
Answers LATEST UPDATE 
2023/2024 
Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer 
Which of the following is true about leverage? - ANSWER Leverage is the use of 
borrowed funds to purchase assets. 
Which of the following liens would take priority? - ANSWER A property tax lien 
In which of the following theories of mortgage lending does the borrower not retain 
ownership of the property during the loan ...
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Real Estate U Final Exam Questions And Answers 2023/2024
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Real Estate U Final Exam Questions And Answers 2023/2024 
Real Estate U Final Exam Questions And 
Answers 2023/2024 
Article 12 A 
NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) 
broker at least 20 years . 
Sponsor 
Broker that holds salesperson license 
Summary of Submission 
Paper you get after registering for NYS test. Bring to tes with you 
Misedemanor 
Crime with no more than 1 year prison or $1,000 fine 
Listing Agreement 
Agreement between salesperso...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act 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 Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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