Package Deal For WV Real Estate Exam Study Questions and Answers with Complete Verified Solutions Graded A 2024
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A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - 1970-Fair Credit Reporting Act...
Voorbeeld 2 van de 13 pagina's
In winkelwagenA group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? - 1970-Fair Credit Reporting Act...
Defamation - A brochure including an untrue statement regarding a competitors ability to pay claims off-the-job accident - An accident policy will most likely pay a benefit for Delivery Receipt - The signed document that starts the free look period Conditional Receipt - T applies for a life...
Voorbeeld 2 van de 12 pagina's
In winkelwagenDefamation - A brochure including an untrue statement regarding a competitors ability to pay claims off-the-job accident - An accident policy will most likely pay a benefit for Delivery Receipt - The signed document that starts the free look period Conditional Receipt - T applies for a life...
Can you refuse a state board of pharmacy inspection? - No; unlike the federal CSA in which the DEA must either have an administrative warrant or get the PIC or owners consent; the state board of pharmacy may inspect pharmacies without warrants regardless of consent Can they do an inspection anyti...
Voorbeeld 3 van de 17 pagina's
In winkelwagenCan you refuse a state board of pharmacy inspection? - No; unlike the federal CSA in which the DEA must either have an administrative warrant or get the PIC or owners consent; the state board of pharmacy may inspect pharmacies without warrants regardless of consent Can they do an inspection anyti...
How many hours must a PIC work in the pharmacy that they are a PIC in? - At least 30 hours if the store is open > 40 hours per week Internship Requirements: Must notify the BOP within how many days of a new job or termination? - 10 days Requirements for licensure as a pharmacist - 1. 18 or ...
Voorbeeld 3 van de 23 pagina's
In winkelwagenHow many hours must a PIC work in the pharmacy that they are a PIC in? - At least 30 hours if the store is open > 40 hours per week Internship Requirements: Must notify the BOP within how many days of a new job or termination? - 10 days Requirements for licensure as a pharmacist - 1. 18 or ...
Who comprises the WV BoP? - 7 total members: 5 licensed pharmacist for at least 3 years 2 citizen members unrelated to pharmacy Each member must be a resident of the state Who chairs the WV BoP? - Members are appointed by the Governor with the advice and consent of the Senate. How long d...
Voorbeeld 4 van de 42 pagina's
In winkelwagenWho comprises the WV BoP? - 7 total members: 5 licensed pharmacist for at least 3 years 2 citizen members unrelated to pharmacy Each member must be a resident of the state Who chairs the WV BoP? - Members are appointed by the Governor with the advice and consent of the Senate. How long d...
The real estate license laws are to maintain high standards in the real estate profession - true A salesperson may advertise a property for sale only if he or she - uses the employing broker's name in the advertisement If a broker's license is revoked, the licensee - cannot practice real est...
Voorbeeld 1 van de 3 pagina's
In winkelwagenThe real estate license laws are to maintain high standards in the real estate profession - true A salesperson may advertise a property for sale only if he or she - uses the employing broker's name in the advertisement If a broker's license is revoked, the licensee - cannot practice real est...
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What are the classes of Property? - Personal Property and Real Property What is personal property? - Generally movable and unattached items. What is a trade fixture? - Personal property used for a person's business. (even if it attached to the real estate) What is Fructus Industriales? - C...
Voorbeeld 2 van de 12 pagina's
In winkelwagenWhat are the classes of Property? - Personal Property and Real Property What is personal property? - Generally movable and unattached items. What is a trade fixture? - Personal property used for a person's business. (even if it attached to the real estate) What is Fructus Industriales? - C...
If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accru...
Voorbeeld 3 van de 21 pagina's
In winkelwagenIf, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accru...
Insurance commisioner - •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers - •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an ali...
Voorbeeld 2 van de 5 pagina's
In winkelwagenInsurance commisioner - •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers - •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an ali...
Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the bro...
Voorbeeld 2 van de 13 pagina's
In winkelwagenBroker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the bro...
What are the types of fee simple estates? - Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - The best type of ownership you can get. Fee Simple Defeasible - Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - Fee simple determi...
Voorbeeld 2 van de 15 pagina's
In winkelwagenWhat are the types of fee simple estates? - Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - The best type of ownership you can get. Fee Simple Defeasible - Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - Fee simple determi...
Examination of Records - The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing - the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner - the commissi...
Voorbeeld 1 van de 4 pagina's
In winkelwagenExamination of Records - The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing - the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner - the commissi...
All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - Served an apprenticeship as a licensed salesper...
Voorbeeld 3 van de 17 pagina's
In winkelwagenAll members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - Served an apprenticeship as a licensed salesper...
The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. ...
Voorbeeld 4 van de 41 pagina's
In winkelwagenThe purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. ...
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The West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what ty...
Voorbeeld 2 van de 9 pagina's
In winkelwagenThe West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what ty...
Speed limit in school zone - 15 mph When parking downhill with a curb the front wheel should be pointed? - Toward the curb What is over driving your headlights? - Driving to fast to stop within the distance you can see. A driver involved in an accident or someone is injured or killed or pro...
Voorbeeld 2 van de 6 pagina's
In winkelwagenSpeed limit in school zone - 15 mph When parking downhill with a curb the front wheel should be pointed? - Toward the curb What is over driving your headlights? - Driving to fast to stop within the distance you can see. A driver involved in an accident or someone is injured or killed or pro...
If the rear of your vehicle starts to skid, turn the steering wheel - in the direction of the skid When you intend to make a turn, you must start to signal _____ before turning. - at least 100 feet When you approach a stopped school bus with its red lights flashing on an undivided roadway, you...
Voorbeeld 1 van de 4 pagina's
In winkelwagenIf the rear of your vehicle starts to skid, turn the steering wheel - in the direction of the skid When you intend to make a turn, you must start to signal _____ before turning. - at least 100 feet When you approach a stopped school bus with its red lights flashing on an undivided roadway, you...
how many feet must you signal before making a turn? - 100 penalties for driving without insurance - suspension of license, fines penalty for not telling the truth when applying for a license - no less than 200 fine and up to 6 moths imprisonment who is responsible if a student commits a tra...
Voorbeeld 2 van de 8 pagina's
In winkelwagenhow many feet must you signal before making a turn? - 100 penalties for driving without insurance - suspension of license, fines penalty for not telling the truth when applying for a license - no less than 200 fine and up to 6 moths imprisonment who is responsible if a student commits a tra...
You must use ____ to maintain safe following distance between you and the vehicle ahead of you. - the three- to- four second rule When exiting an interstate, a driver must use: - a deceleration lane What does this sign indicate? - A railroad crossing ahead What does this sign indicate? - a ...
Voorbeeld 1 van de 2 pagina's
In winkelwagenYou must use ____ to maintain safe following distance between you and the vehicle ahead of you. - the three- to- four second rule When exiting an interstate, a driver must use: - a deceleration lane What does this sign indicate? - A railroad crossing ahead What does this sign indicate? - a ...
30-40-1 - laws are created to protect the public for the common good 30-40-3 - a license is required to be a real estate broker, associate broker or salesperson 30-40-4 - definitions Applicant - any person making application for a license Associate Broker - a broker that works under the ...
Voorbeeld 1 van de 3 pagina's
In winkelwagen30-40-1 - laws are created to protect the public for the common good 30-40-3 - a license is required to be a real estate broker, associate broker or salesperson 30-40-4 - definitions Applicant - any person making application for a license Associate Broker - a broker that works under the ...
Activities That Require a License - anyone engaging in, carrying on, advertising, and acting in the capacity of a broker, associate broker or real estate salesperson Exceptions to Having A License - Appraiser, Mortgage Company, Engineer, Lawyer, Contractor, Surveyor, and Home Inspector; they aren...
Voorbeeld 1 van de 4 pagina's
In winkelwagenActivities That Require a License - anyone engaging in, carrying on, advertising, and acting in the capacity of a broker, associate broker or real estate salesperson Exceptions to Having A License - Appraiser, Mortgage Company, Engineer, Lawyer, Contractor, Surveyor, and Home Inspector; they aren...
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