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aev [14]
2 years ago
15

Who's ultimately responsible for determining the role a licensee is expected to play in any transaction?

Business
1 answer:
Nesterboy [21]2 years ago
6 0

The broker of record is ultimately responsible for determining the role a licensee is expected to play in any transaction.

When an insurance company pays an agent a monthly commission to manage and represent a policyholder's insurance policy, that agent is known as a broker of record. Two parts of this position include liaison work for the policyholder and communication.

A broker of record in the context of insurance is an agent chosen by the policyholder to represent and administer the policy. All correspondence to the policyholder may be copied by the broker of record, who may also accept quotations, policies, and notices on the policyholder's behalf. One of the most potent and frequently misused legal documents in the insurance sector is the Broker of Record (BOR) letter. Unfortunately, a lot of unethical brokers get uninsured people to sign this.

To know more about Broker of Record refer to:  brainly.com/question/24278535

#SPJ4

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Which of the following serve as intermediaries channeling the savings of individuals, businesses and governments into loans and
finlep [7]

Answer: Financial institutions

Explanation: Financial institutions, sometimes referred to as banking institutions works as a  intermediary in financial markets. These institutions offers deposit facilities to general public in exchange of interest on such deposits. Then these institutions lend the deposited amounts to those in need for investments and funds and charge interest to them.

Thus, we can conclude that option A is correct.

8 0
4 years ago
Which of the following is true of tangible costs? a. They are difficult to quantify. b. They cannot be calculated in monetary te
ziro4ka [17]

Answer:

d. They can be easily measured.

Explanation:

The tangible cost is the cost i.e. incurred for the tangible things like employees ways, repair expense, purchase of fixed assets, etc

It can be measured and quantified in easily manner

Therefore as per the given options, the last one is correct as it defines the tangible cost and the rest of the options defines the intangible cost

8 0
3 years ago
For the typical urban transit coach, __ ______ per mile is typical Select one:
VARVARA [1.3K]

I believe the answer is: A. 7 stops

Urban areas usually require one transits every 1/4 mile as its bare minimum (which is around 4 stops in one mile). This large amount exist because in urban areas such as new york , most of the people actually do not own a personal vehicles and public transportation are their main method of travel.

8 0
4 years ago
"An OTC equity trader has received a large influx of sell orders for ABC stock and, to fill them, has taken an extremely large l
ANTONII [103]

Answer:

decrease the bid price in the OTCBB

Explanation:

Given that, the dealer's Bid price is too high, this is believed to be the reason behind the sellers trying to make orders. Hence, to reduce the orders, the dealer will lower the Bid price.

Hence, in this case, the best answer or alternative to be considered is that, the dealer would most likely decrease the bid price in the OTCBB, this is specifically to discourage the sellers.

7 0
4 years ago
What is $5.30 reduced by 10%
Yuki888 [10]
To get this answer you can simply move the decimal over one.

Or you can multiple 5.30 *0.10 = 0.53

So you can then subtract 0.53 from 5.30 to get the answer of:

$4.77
7 0
4 years ago
Read 2 more answers
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