Calebby50

The Year 1925License Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real Estate brokers. GRECGeorgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate) licensed GREC's AuthorityCan Issue or Deny RE (real estate) Licenses, Can discipline by revoking, suspending, warning, or fining, Can set rules and regs, and Establishes fees The Year 1996CAM Created in GA Licenseea salesperson, associate broker, broker, or co...

"Establishing compliance as a key responsibility for every employee of a financial institution is best performed how? A. By having senior management require compliance as a condition of employment. B. By having auditors conduct testing on employee compliance. C. By pointing out the regulatory consequences of noncompliance in training. D. By having the AML officer personally tell associates of their responsibilities."A - By having senior management require compliance as a condition of emp...

All of the following expenses can be deducted from the security deposit of a resident EXCEPT: Background check fees. Who should complete a rental application? Prospective resident Which reason BEST describes why it is important for an apartment manager to paraphrase a resident's remarks during a conversation? It helps avoid miscommunication and shows that the apartment manager cares about the resident. Which term is BEST defined as a legally enforceable contract that grants a resident the...

A high rise building can be created as a what?Condominium subject to GCA If there is a conflicting provision in an association's legal documents, which document controls?Declaration In a condominium, elements owned by all unit owners but reserved for the exclusive use and control of less than all of them is known as what?Limited common elements The different ownership interests that comprise a condominium are:units and common elements In subdivisions with voluntary community associations...

California Life, Accident, and Health Licensing/ Property and Casualty Insurance Test / Laws and Ethic Pertinent to Insurance/ Commercial Insurance

Co-insuranceThe policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratioThe formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policyWhen a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaningThey only cover the insured if they become disabled while away from work....

Co-insuranceThe policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratioThe formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policyWhen a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaningThey only cover the insured if they become disabled while away from work....

Co-insuranceThe policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratioThe formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policyWhen a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaningThey only cover the insured if they become disabled while away from work....

The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property.The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or restore the damaged property. Many factors can influence the ultimate loss, incl...

What is the required rate discount under a Good Driver Discount policy?20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agentCharges and collects a brokers fee for service What is the procedure for refusing uninsured motorist coverage in a liability policy?Prior to issuance or renewal, the insured may state in writing that they do not want the coverage ...