COCO SOLUTIONS ACADEMIC STORE

What is considered the most common type of specified disease insurance policy? - Answer Cancer Minimum participation standards exist for a group health insurance plans in order to - Answer Prevent Adverse Selection How does underwriting differ between group life and individual life insurance? - Answer Medical questions must be answered on individual life insurance when handling premiums for an insured an agent is acting in which capacity? - Answer Fiduciary what is the term u...

What distinguishes a deferred annuity from an immediate annuity? - Answer The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - Answer 60 payments What is a common reason people purchase an annuity? - Answer To protect against the risk of outliving their financial resources What kind of annuity pays in...

Basic Medical Expense policies - Answer Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits. Major Medical Expense Policy - Answer -A supplement (in addition) to Basic Medical or as a stand-alone policy. -individual or group policy. -Take over when the Basic Policy runs out Hospital Expenses - Answer -Pay for covered ...

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - Answer insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - Answer cancelable The renewability provision in a cancelable policy allows the insurer to cancel or terminate the polic...

1 Exam (elaborations) Oregon Agency Law Final Exam And Correct Answers 100% 2024. 2 Exam (elaborations) Oregon Contracts Final Exam With All Complete Solutions 2024. 3 Exam (elaborations) Oregon Real Estate Revision Exam And Actual Answers 2024. 4 Exam (elaborations) Oregon Real Estate Exam Questions With Correct Answers 2024.

Mastering the laws relating to _________ can reduce misunderstandings and litigation, especially in the areas of commissions through procuring cause, conflicts of interest and representation. - Answer agency A broker is a person who: - Answer a. Is employed by another person b. Has the authority to act for that person c. Has the authority to exercise some discretion while acting for another person The person who hires or appoints an agent to act on their behalf is called a: - Answer ...

A contract is an exchange of promises between two or more parties to ______________. - Answer do or refrain from doing an act. For a real estate contract to be valid and enforceable in court it must contain certain elements. Which is not an element for an enforceable real estate contract? a. consideration b. lawful purpose c. mutual agreement d. all persons must reside in the same state - Answer d. all persons must reside in the same state Failure to fulfill the promises contained...

Constructive eviction - Answer Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - Answer Mutual agreement to terminate lease The residential landlord and tenant act - Answer Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency - Answer Statutory law controlling the rights an...

How many consecutive years of non-use of water does one lose their water rights in Oregon? - Answer 5 consecutive years, the right is considered forfeited Who must register the business name? - Answer Principal Broker, must register the business name with REA-(Real Estate Agency) under their name. How long must real estate documents be kept? - Answer 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - Answer The principal broke...

The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - Answer give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land planning. He has determined the geographic boundaries of the individual lots and how the streets as the development will be signed to give access to each lot, when can he begin to list this property? - An...

Contract - Answer *agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - Answer *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Valid Contract - Answer Contains all of the essential elements and is binding and enforceable upon both parties to the contract. Voidable Contract - A...

A branch office registration is necessary to use a: A. model unit, available for sale, in a subdivision for promotion of interest in the development. B. temporary structure for dissemination of information. - Answer Neither A nor B A person can work as a secretary in a real estate office without obtaining a real estate license. That secretary can legally perform which of the following functions? - Answer Verify the accuracy of listing information supplied by a broker by checking the rec...

Do social networking sites have to be supervised by the principal broker? - Answer Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - Answer An auctioneer who is auctioning homes must have license - someone who deals with short term vacation rentals needs business license only - real estate license not required. Which of the following needs to be disclosed to a potential buyer? - Answer a rehabilitation house...

What are liquidated damages? Liquidated damages are procured from selling property Liquidated damages are in excess of actual damages Liquidated damages are specified in a contract in case of breach of contract Liquidated damages are in addition to those specifically stated in a contract - Answer When the broker gets a listing, the broker is the agent and the principal broker is the sub-agent. True False - Answer False The principal broker is the agent of the seller;...

How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - Answer Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. - Answer are of indeterminable duration. The economic characteristics of land are - Answer Scarcity, location, and durability. At the time of harvest, crops that require annual planting are generally considered to be - Answer Personal Property. A legal...

If the demand for houses remains constant, the supply... A. Increases, the value will increase B. remains the same, the value will increase C. remains the same, the value will decrease D. Decreases, the value will increase - Answer D. Decreases, the value will increase A tight money market would indicate... A. A buyer's market in real estate B. A seller's market in real estate C. High interest rates D. Low interest rates E. Both A & C F. Both B & D - Answer E. Both A & C ...

How long does a buyer have to revoke their offer after receiving a seller's property disclosure statement? - Answer 5 business days When must the seller's disclosure be sent? - Answer Once the seller receives a written offer to purchase from a buyer What is the first thing to consider when gathering leads? - Answer Quantity Legally speaking, what is a protected class? - Answer A group that is specifically protected from discrimination What is the standard commission rate on...

When does oregon's property tax year begin? - Answer July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? - Answer junior lenders b/c they are in a secondary position when it comes to liens against the property and realize there may not be any money left to pay them after the lender in first position gets paid what is true about the assessed value of oregon real estate - Answer It's the value used to calculate the proper...

An unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper and online. 2. Host open houses. 3. Email brokers weekly updates to the broker's clients. 4. Write up an offer for a buyer and then have the broker sign the contract later. - Answer 1. Write ads and submit them to the newspaper and online. A principal real estate broker hired a number of part-time employees to show property, pass...

Any promotional material distributed by an Oregon real estate broker associated with a principal real estate broker - Answer 1. must comply with all fair housing laws. 2. may contain the direct telephone number of the real estate broker if the principal broker's licensed name or registered business name is given (the registered business name must be used if there is one). Any promotional material distributed by an Oregon real estate broker associated with a principal real estate broker ...