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This comprehensive Georgia Real Estate Academy Final Exam study guide includes accurate, verified, and up-to-date multiple-choice questions with correct answers and explanations. It covers all essential modules required for the Georgia Real Estate Licensing Exam, including property ownership, contracts, finance, agency, valuation, fair housing, tax calculations, and legal principles. Perfect for students preparing for the GA Real Estate final exam, this resource is designed to guarantee exam ...

Assignment 1 PVL3701 Semester 2 2022 Department of Private Law

A "certification of license status" report can be run on any currently licensed New Jersey producer, but can only contain information on formal disciplinary actions taken within the past - 4 Years What is not an additional cause of loss in broad form commercial property policies - Replacement Cost An installation floater is used to insure - Appliances intended to become a permanent part of the building. The list of lines of insurance for which there is no reasonable or adequate market i...

the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit - true which of the following coverages does an open peril policy provide? - perils other than those specifically named as being excluded determine the actual cash value in the following situation: original price of office equiptment when purchased 8 years ago- 9,000. depreciated amount at time of fire-5,000 current ...

Dwelling Policy - Only insures property DP-1 - Basic Form DP-2 - Broad Form DP-3 - Special Form Dwelling Coverage A - Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C - Personal Property- Covers the insured's personal property and must be requested. If rental property, a tenant's property is not covered. Dwelling ...

Insurance - The TRANSFER of financial responsibility associated with a potential of a loss (risk) to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. Insurance - Contract in which one party agrees to indemnify the other party against loss, damage, or liability arising from an unknown event. Indemnify - Compensate (someone) for harm or loss: "insurance carried to indemnify the owner for loss". Insurable Interest - The insured must have an in...

What are the methods of managing risk? - Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? - Premium Self -insuring is typically used for what type of insurance? - Workers compensation A tornado that destroys a property would be an example of what? - Peril A state-issued document empowering an insurance company to become an admitted insurer is called what? - Certificate of Authority Why are the three types of hazards...