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Module 1 Quiz - Introduction to Collections Inventory Services
You'll need to correctly answer at least 12 of the 15 questions below (at least 80%) to progress to the next unit.
Question #1: A collection must be inventoried as a stand-alone collections inventory.
Question #2: You are required by law to provide a copy of the inventory to the insurer.
Question #3: If a claim is filed for a collectible or collection, the insurer will cut a check based on the values presented in the inventory.
Question #4: Insurance, estate planning, and estate settlement are the major reasons for inventories.
Question #5: Having a clear purpose for an inventory will help create an accurate statement of work.
Question #6: A collections inventory takes the same amount of time as a residential inventory.
Question #7: To up-sell to a collections inventory, size and value of the collection are not relevant factors.
Question #8: Your market for collections inventory includes only professional collectors.
Question #9: A collections inventory can provide required information for tax benefits.
Question #10: There is no difference in how you conduct a whole-house inventory or a collections inventory.
Question #11: A collections inventory cannot be done in conjunction with a residential inventory.
Question #12: Performing a collections inventory uses project management skills.
Question #13: Scope creep cannot occur with a signed contract.
Question #14: Understanding why your client is undertaking an inventory is very important.
Question #15: Less than 20% of collectors are properly insured.