An insured has an automobile policy with liability limits of 100,000/300,000 . The most that the insurance company has agreed to pay for an injury to any one person injured along with other people from the same incident is:
a. 300,000
b. 100,000
c. Anywhere between 100,000 . And 300,000
d. None of the above.
Q. 2An umbrella policy provides:
a. Additional third party liability insurance protection.
b. Additional first party liability insurance protection.
c. Additional third party liability insurance protection only if the loss occurs during a rainstorm.
d. None of the above.
Q. 3The practice by a broker who is attempting to generate sales of real estate by telling homeowners in a segregated neighborhood that a racial, ethnic or religious minority is beginning to move into their neighborhood, is:
a. Illegal
b. Blockbusting
c. Steering
d. Both a. and b. are correct
Q. 4Letters rogatory are sent in English to the defendant through the US Department of Justice (DoJ).
Indicate whether the statement is true or false
Q. 5A system usually computerized - that employs a database made up of local real property that is listed for sale by local brokers, is the:
a. Multiple Housing Service
b. Multiple FSBO Service
c. Multiple Listing Service
d. Multiple Land Service
Q. 6Usually, the legal formalities for a will include:
a. The will must be in writing
b. The will must be signed by the testator
c. Must be witnessed
d. All of the above
Q. 7The listing agreement most preferred by real estate brokers is the:
a. Exclusive right to sell agreement
b. Open listing agreement
c. Exclusive agency agreement
d. None of the above
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