Study guides, Class notes & Summaries

Individual disability income policies typical include an elimination period (t/f) - correct answer True A producer's license may be denied, suspended, or revoked if the licensee: - correct answer is found guilty of misrepresentation in obtaining the license Which of the following actions is NOT possible with a Universal Life policy? - correct answer premiums may be applied as a credit against income tax How long is the typical free look period for long term care insurance policies? - c...

The state board of health facility administrators is composed of how many members? - correct answer 13 All members of the state board except representatives of the state agencies shall be appointed by the governor for how many years? - correct answer 4 The board may issue a provisional license for a single period not to exceed how many months? - correct answer 6 A majority vote of the quorum is required for action of the state board. How many members constitute a quorum? - correct answe...

Pharmacology - correct answer Is the study of medications and their effect on the body Medications - correct answer Are substances or mixture used to diagnose, treat or prevent disease or illness Sources of Medication - correct answer plants, animals, minerals, chemicals Semi-Synthetic Drugs - correct answer Man-made, plants, animals, or minerals Adverse Effects (ADR) - correct answer An undesired side effect or toxicity Allergic Effect - correct answer Can be life threatening or ...

Antihistamines: Action/Uses - correct answer Combat the effects of histamine; treat motion sickness and allergic reaction Antihistamines: side effects - correct answer Drowsiness, dizziness, loss of appetite, dry mouth, urinary retention Antihistamines: medications - correct answer Diphenhydramine (Benadryl) Loratadine (Claritin) Phenergen (Promethazine) Dimetapp (brompheniramine) Antihistamines N.C. - correct answer Use with caution with cardiac conditions, men with prostate condit...

What is a notary public? - correct answer A public official authorized to attest to the authenticity of signatures. What are the four basic components of a notary public? - correct answer law abiding, bonded, impartial, public official. What are a notary's key functions? - correct answer To acknowledge and witness the signing of documents and administer oaths and affirmations related to the signing of important documents. How much of a bond do you have to have before receiving IN Notar...

Client - correct answer A licensee has an agency relationship with, and is representing, the individual with whom the licensee is working. Customer - correct answer One with whom there is NO agency relationship. Ex People just calling for information or attending open house. Broker-salesperson or Associate Broker - correct answer A broker who COULD operate as a principle broker but CHOOSES to affiliate with a principal broker and operate under their license. In-House Agency - correct an...

Land - correct answer Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - correct answer Zoning Board of Adjustment oversees rule administration and appeals Real estate - correct answer land plus manmade permanent attachments Real property - correct answer real estate plus bundle of rights Bundle of Rights - correct answer Possess Use Transfer Exclude Encumber Physical Characteristics - correct answer Immobility; indestructib...

According to Indiana law, a claimant seeking relief from the Indiana Recovery Fund must be a resident of Indiana A. True B. False - correct answer False - Although a claimant must have cause due to an Indiana Real estate transaction, the claimant is not required to be a resident of Indiana What type of agent do you think a broker is in the managing broker - agent relationship? A. Universal B. Special C. General D. Limited - correct answer C - Agents are considered to be general agen...

Who selects the members of the Indiana Real Estate Commission? - correct answer The governor of Indiana selects the commission members. Which of the following statements is false regarding the Indiana Real Estate Commission? - correct answer The commission may spend the interest earned from monies accrued in the recovery fund for continuing education for all licensees. Which of the following is required to be a member of the Indiana Real Estate Commission? - correct answer The appointee se...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - correct answer Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - correct answer Salesperson, broker A salesperson can receive ______ ONLY from that broker. - correct answer compensation A salesperson has _______ to make contracts with or ______ from any other party. - correct answer no authority, receive compen...