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Exam term

Initial disclosure

The prominent written disclosure Regulation 194 requires every purchaser to receive, describing the producer's role, who pays the producer and that compensation can vary. A signature is not required, and a producer paid nothing must still give it.

Lessons that use this term

  • New York licensee regulation: controlled business, commissions, fiduciary duty, records, and compensation transparency (Reg 194) New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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