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2. Farm Liability Coverage form - Coverage H - Bodily injury and property damage liability Coverage I- Personal and advertising injury liability Coverage J - Medical Payments 3 elements of insurable risk - 1. Financial (a monetary interest) 2. Blood (a relative) 3. Business (a business partner) 3. Mobile Agricultural machinery and equipment form - includes mobile devices used in everyday farm operation, such as accessories, tools and spare parts -open peril 4. Livestock coverage form - ...

All withdrawals taxed: qualified or unqualified plans? - Qualified An insurer wants to obtain information from investigators regarding an applicant for insurance. What must the insurer do in order to legally acquire this information? - Present the insured with a Disclosure Authorization Notice Annuities can be used to fund group or variable life insurance - false? association number of members needed for group insurance - 100 BOE policy: taxation - Premium = deductable expense, taxable ben...

Oregon Real Estate Bundled Exams with complete solution 2024,2025

1 mile - 5280 feet 1760 yards Acre - 43560 feet Assignment of contracts - Contracts involving money or property are assignable. Contracts involving service (listing agreement) are not assignable without consent of the principal Balance sheet - Demonstrates the accounting value or financial position of the company. Based on assets and liabilities NOT income and expenses Blockbusting - Inducing or attempting to induce sellers to sell or rent bc members of a certain race etc may be moving i...

A bilateral contract - each of the parties make promises to the other. A blind bid in an auction is also known as a clock bid or rafter bid and is used to induce bidders to up their bid. - It is the practice of accepting a non-existing bid from a non-existing bidder and is fraudulent. A civil penalty imposed upon a property manager or principal broker for failing to produce for inspection records related to property management required to be maintained may not exceed - $10,000 A commission...

11. Broker Wilson, a sole practitioner, obtained an exclusive right to sell listing on a property. Five days later he died. 10 days after his death an offer was made on the property to a cooperating broker. Which of the following statements is true concerning this situation? 1. Wilson's wife could assume the listing contract and present the offer to the seller. 2. If the offer was accepted by the seller, Wilson's commission would be paid to his estate. 3. The listing agreement terminated ...

"to wit" - The legal description of the property 4 elements required for a contract - *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Arbitration - A third party arbitrarion serves as a judge, hearing both parties and making a decision which is binding on the parties. Asbestos - Used in architecture and construction applications begore being banned in buildings construction in the U.S. in 1978 Bilateral Contrac...

2 step application for land divisions - Owners first apply for preliminary plan approval, and then they apply for final plat approval. A plat is a map and other documents comprising a land division's specifications and details, which will be recorded in public records. a canceled lien is called a - lien release a condo owner can remove walls if - they own adjoining units Absolute Auction - highest bidder gets the property and there is no minimum bid acknowledgement - recognition for a not...

A real estate broker operates a business sending real estate leads to various real estate brokerages. These brokerages then pay him a referral fee. Is he in violation of the Oregon laws governing real estate, specifically ORS 696.301? - Yes, he is barred from accepting compensation from a principal broker that he is not registered with. A real estate broker who has an inactive license is exempted from which of the following rules - They do not have to get their principal broker to sign thei...

A branch office registration is necessary to use a: 1) model unit, available for sale, in a subdivision for promotion of interest in the development. 2) temporary structure for dissemination of information. - Neither 1 or 2 A broker associated with a principal real estate broker was asked by a property owner to prepare a Competitive Market Analysis for the owner's residence. Under Oregon law, which of the following statements about a CMA are true? 1) A fee may be charged for providing a C...

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 broker associated with a principal real estate broker was asked by a property owner to prepare a competitive market analysis for the owner's residence. Under Oregon law, which of the following statements about a competitive market analysis are true? - Answer-A...

A borrower has defaulted on the mortgage. The mortgage contains an acceleration clause. This permits the lender to - demand immediate payment of the entire note. A broker did NOT have a written independent contractor agreement with his salesperson. While showing homes to a family, the salesperson was involved in a car accident in which a child in her car was injured. Could the broker be held liable in this situation, and why? - Yes; the lack of an independent contractor agreement may classi...

InterNACHI Exams Compiled with complete solutions;100% Guaranteed success 20224,2025

20% moisture in wood is saturated - Answer-true 40- 80 psi is the min max water supply - Answer-true 5/12 is considered a steep roof - Answer-true A _______ vent does not work without wind. a. power b. turbine c. roof d. ridge - Answer-b. turbine A ________ device should not be used with aluminum branch circuits. a. CO/ALR b. cop-alum parallel splice connector c. listed wire nut d. CU/AL - Answer-d. CU/AL A __________ is required on a fireplace that uses gas logs instead of real woo...

___ diffusion is how moisture in a vapor state moves through material because of a difference in pressure or difference in temperature - Vapor ___ Diffusion is water vapor moving through a material from a high pressure to a low pressure or from a warm side of the wall to a cool side - Vapor ___ Movement accounts for more than 98% of all water vapor movement and building cavities - Air ____ Need to be bonded to the ground - All panel enclosures _____ can create pressure that is greater tha...

______ is a black tar-like substance that builds up inside the chimney through normal use. - Creosote... Excessive creosote buildup is a fire hazard. _______ is a study that includes soil types and the location of vegetation and water. - Topography _______ is the amount of current or electricity flowing through the wire. - Amperage _______ prevents wind and moisture from penetrating the junction of the soffit and sheathing. - Frieze board, This is located at the soffit. A "header" is a c...

_____ - amp breakers are commonly used for small air conditioner units and clothes dryers. - 30 _____ accounts for more than 98% of all water vapor movement in building cavities. - Air movement _____ air is less dense than _____ air. - Hot..... cold _____ are chemical compounds that have a low boiling point that are added to the asphalt mix to help keep shingles waterproof and flexible - " Volatiles " _____ are typically formed in concentric cones or pyramids. - Diffusers _____ are used...

_____ are chemical compounds that have a low boiling point which are added to the asphalt mix to help keep shingles waterproof and flexible - volatiles _____ can happen when new shingles installed over old conform to the uneven shape of the underlying shingles - telegraphing _____ flashing should be installed on the lowest face of a chimney. - _____ problems are caused by shingles from different production runs with slight differences in asphalt thickness and design installed on the same r...

_____ - amp breakers are commonly used for small air conditioner units and clothes dryers. - 30 _____ is a direct connection to the earth to aid in removing damaging transient over-voltages due to lightning. - Grounding _____ is measured in watts, and you can compute wattage by multiplying amperes and volts. - Power _____ is the amount of work that the electrical flow can do. This is expressed as watts or kilowatts (1,000 watts). - Power _____ is the flow of electrons driven by electromot...

_____ air "carries" more water vapor than cold air. - Warm _____ and every sleeping room should have at least one emergency exit. - Basements _____ describes a grouping of short studs commonly found over (or sometimes below) openings, such as for windows and doors, where a full-length stud could not fit. - cripples _____ is the incline of the roof expressed as a fraction derived by dividing the rise by the entire span, where the roof span is the distance between the outside of one wall's...