STUDY EXAMS AND STUDY GUIDES SUMMARIES ESSAY ALL VERIFIED

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. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...

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 salesperson for two years and experience the equivalent of a full-time license sales agent. - Completed the broker required education.. (90 hours) -The overall requirement is 180 hours which would hav...

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 commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order - the commissioner may issue this order to any person committed ...

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 determinable 2 Condition subsequent Fee Simple Defeasible - Will include: so long as, while, during and includes the term reverter. Reverter - Former owner can take back land with no legal action if ...

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 broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the frien...

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't procuring buyers and sellers but acting within their specialized fields of study; also includes Owners, Lessors, Property Managers; Power of Attorney, Under the authority of a deed or trust, and e...

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 supervision of another licensed broker, must have 2 years of experience with adequate experience, must take another 90 hr course, must pass the state exam, they can break away and form their own busin...

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 alien or foreign insurer licensed to transact insurance in this state at least once every five years. Insurance examination cost - The cost must be paid by the company being examined. Refusal of ex...

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 accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days after terminatio...

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? - Crops also known as chattle. What general categories does personal property fall under? - Intellectual, reputation, leases, partnership interests. Real Property - Everything within a specified bl...

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 do WV BoP members serve? - 5 year term. maximum of 2 consecutive terms. Must wait at least 1 year after 2 consecutive terms to be appointed again. How often does the WV BoP Convene? - At least 2...

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 older 2. Evidence of good moral character 3. Graduate from an approved SOP 4. Have 1500 hours of internship in a licensed pharmacy 5. Sign waiver for criminal background check Renewing pharmaci...

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 anytime they want? - Has to be during reasonable business hours Whom is the Board of Pharmacy made up of? - 7 Members 5 PRACTICING pharmacists 2 public members that have no relationship to pharmac...

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 insurance policy and is told by the producer that the insurer is bound to the coverage as of the date of the application or medical examination, whichever is later. Assuming that T is an acceptable r...

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 Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects whi...

Accepting Assignment When a provider agrees to accept the allowable charges as the full fee and cannot charge the patient the difference between the insurance payment and the provider's normal fee. Access The patient's ability to obtain medical care. The ease of access is determined by such components as the availability of medical services and their acceptability to the patient, the location of health-care facilities, transportation, hours of operation and cost of care. Account Number A ...

Functions of SPD Our functions are Decontamination, Assembly/Prep & Pack, Sterilization & Storage. Placement of Instrumentation on Sterilizer rack Top shelf Peel packs tilted on edge/side Placement of Instrumentation on Sterilizer rack Middle shelf Textile, Basins, Non-Perforated trays - tilted on edge/side Where should Textiles etc. be placed on Sterilizer rack Textiles ect. should always be placed on the rack above the metal containers. Placement of Instrumentation on Sterilizer rack B...

Why is it Important to evenly distribute large instruments in a set? - Extra condensation will make the set more difficult to dry. Which of the following best describes the overall role of the CS/SPD? - To provide dependable service to enhance patient care. Which of the following government agencies regulates environmental disinfectants? - EPA The function of a ratchet can be checked by? - Closing the ratchet on the first click, then tapping the handle on the worktable. During cycle ...

Why is it important to evenly distribute large instruments in a set? A. Extra condensation will make the set more difficult to dry B. It came help with storage C. Easier to carry D. None of the above - A. Extra condensation will make the set more difficult to dry Which of the following best describe the overall role of the CB/SPD A. To help Nurse prepare for patients B. To provide dependable service to enhance patient care C. Specialized portable devices D. None of the above - B. To provide d...

A broken glass suction bottle is returned to Decontamination. Which of the following should the technician do? - Place it in an appropriate rigid container Safety Data Sheets (SDS) provide health and safety hazard and risk information on which of the following? - Chemical Which of the following generally describes the correct sequence for traffic workflow in areas in which medical devices are processed? - Decontamination, Assembly, Packaging, Sterilization, Sterile Storage The MAJOR rea...