The premiums insurance producers receive from insureds must be kept
A) in the producer's business account
B) as part of the issuing insurer's general fund
C) separate from any personal funds
D) as part of their total book of business"
Ans: C) separate from any personal funds
Business
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"When identical or highly similar properties are offered for sale, the property offered at the lower price attracts the greatest demand." That statement is an illustration of which of the following principles of appraising:
A: Substitution; B: Highest and best use; C: Productivity; D: Inflation.
Business
Cultural similarities provide a good basis for making relatively standardized marketing strategies
Indicate whether the statement is true or false
Business