Broker Alex decided to end her listing agreement with Seller Bonnie because Bonnie has been very slow to respond to requests to show the property and has made no effort to leave the place in good condition when she did allow a showing. Which of the following BEST describes the agency termination that Alex initiated? mutual agreement revocation renunciation abandonment +
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- Listing Agent Pete is willing to help sell Seller Cami's condo but believes it will take a lot of work. Because of this, Pete wants to make sure that his efforts result in a well-earned commission. Given his stated desire, predict which type of listing agreement Pete will insist on entering into with Cami. exclusive right-of-sale listing open listing exclusive-agency listing net listingWho is responsible for completing and providing the Residential Property Condition Disclosure Statement to the purchaser? 1. owner 2. investor 3. listing agent 4. selling agentWhat does the term "Affiliated Party mean? ΟΛ Any person who directs or participates in the conduct of alluss of a bourse and who is an officer, stockholder, owney or other person who directly controls a com Any person who is related to the writing insurance agent and works for the same based insurance comparty Any person who has the authority to bind the insurer to the risk of being assumed without requiring a bone or appointment Every group, association or other organization that prepares policy forms and makes underwriting rules axikvit to the setting of rates and underwing clos B. OC O D
- What happens if the pledgor defaults on their obligations in a pledge agreement? What remedies are available to the pledgee?3 a joint life policy pays A after the first insured dies B after the last insured dies C after each insured dies D one-half of the face amount after each insured died.3. With respect to foreclosure, give the reason you agree or disagree with the statements below: a. A foreclosure sale eliminates the outstanding debt(s) of the individual being foreclosed. b. Proceeds of a foreclosure sale are distributed to those holding a lien on the property on the basis of the percentage of total debt each is owed. c. Foreclosure means the senior mortgage loan lender automatically takes ownership of the property.
- what does it means to be a “remainderman” of a life estate interest. Can this interest be sold?7 which of the following statements is correct about an ordinary life policy A premium payment can be increased or decrease at the discretion of the premium payer B the beneficiary designation can be changed to another person only if that person a medical examination C the policy owner may borrow against the cash value of the policy D The named beneficiary must submit evidence of continuing insurable interest in the life of the insuredA mortgage is transfer of an interest in specific immoveable property for the purpose ofsecuring payment of some amount of money. Elaborate in what different ways amortgage is created by highlighting their characteristics and mutual rights and liabilitiesof the parties in a precise manner?
- 23 - Which of the following is the process of converting a company from one legal form to another, that is, as a trading company of another type that will maintain its legal and economic identity and continuity, with a different status and title suitable for the company type?A) Liquidation in CompaniesB) Company mergerC) Division in CompaniesD) Re-establishing a CompanyE) Type changeAble does not ever want Baker's shares to be transferred to Baker's brother, who has been convicted of criminal fraud and embezzlement on several occasions and who is currently serving time in a federal prison for one of those convictions. Which of the following types of restrictions on the transfer of Baker's shares might Able insist to accomplish this, even if Carter and Dennis don't share Able's concerns? Multiple Choice A put agreement Option agreement Provision disqualifying purchasers Buy-and-sell agreement Right of first refusalIf any of the owners decided eventually to sell any or all of their shares and had identified a potential buyer, they all agreed that Ay-Bee-Cee-Dee Corp. should be granted the right to match the offer of the potential buyer and, thereby, buy back the shares rather than allowing that potential buyer to become a part owner of the company. To accomplish this, which of the following types of restrictions on transfer needs to be attached to the shares? Multiple Choice Provision disqualifying purchasers Buy-and-sell agreement Consent restraint Right of first refusal Option agreement