Which statement is FALSE concerning federally related transactions? is exempt from the sales associate course; however, she must pass a written Florida-specific real estate law exam. press system to optout of receiving their prerecorded telemarketing messages;(2) to add the consumers' telephone numbers to the seller's do-not-call list; (3) to immediately disconnect the call; and (4) when leaving a message regarding a telemarketing call, the small business must A person who rents lots in a mobile home park. The brokerage can work with the buyer, in the same transaction. A lease calls for annual minimum rent of $14,500 plus 3 percent of annual gross sales in excess of $350,000. Within how many days must a licensee notify the Department of Business and Professional Regulation of a change in current mailing address? Is this transaction covered under Truth in Lending Act? The earnest money deposit normally appears on the closing statement as a. Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. 227. Companies also need to be familiar with rules banning most forms of robocalling. The seller is still owed the entire amount of the purchase price. Which individual is exempt from licensure under Florida Statute 475? Which statement regarding a limited real estate partnership is TRUE? A) Limited partners must register with the FREC under the limited partnership name. B) tenants and buyers of all residential property. The tenant has a tenancy, Tenancy at Will - if the tenant's holding over is continued with the written consent of the lessor, the tenancy becomes a tenancy at will under FL law. Vacancy and collection losses. A tenant, unable to contact the landlord or the landlord's representative prior to the expiration of a written lease, continues to pay the rent and occupy the premises after the lease expired. Deed is considered voluntary because it's under the owner's control. Which solution is NOT a remedy for the breach of a real estate sale contract? (page 91). You can submit your application to register your company with Working Advantage to get your employees access to a wide variety of everyday savings: home office supplies, streaming services, food delivery, educational programs, automotive, gifts, health and wellness, plus the top offers in travel and entertainment. Yes, because this is an example of bait-and-switch advertising, and it is illegal. 501.601 through 501.626 and Florida's do-not-call law at Fla. Stat. Recording it in the public records shows that the mortgage lien has been removed. The seller refuses to sign a release of the buyer's earnest money deposit and demands receipt of the deposit for himself. which statement is true regarding the federal telemarketing lawrenal cancer symptoms Menu nfl flex schedule changes. Limited partners must register with the FREC under the limited partnership name. A) The loan officer has three business days to give the loan applicant a copy of the information booklet. The purpose of the Do Not Call registry is to give consumers a choice regarding telemarketing calls. Property taxes are paid in arrears - so seller has paid no taxes that month. False - All VA mortgage loans contain a due on sale clause (page 265), 3.5% is the minimum down payment on a FHA loan. On July 1, 2021, Florida enacted a comprehensive new telemarketing law that arguably goes beyond the federal Telephone Consumer Protection Act ("TCPA"). Comp Which law prohibits racial discrimination in the sale or lease of all real property without exception? ($500 fine if not notified correctly). Lynn's home phone number is 333-2020. An apartment building produces an effective annual gross income of $71,820. Statutes change, so checking them is always a good idea. 5 /25 x 135,000 = 27,000 accrued depreciation. Which statement is TRUE regarding a title company holding the escrow funds? For a violation of any of the telemarketing rules in Florida Statute Section 501.059, consumers can now sue to enjoin the violation and recover actual damages or $500, whichever amount is greater. The broker decides to appeal FREC's final order. Yes, because this is an example of bait-and-switch advertising, and it is illegal. A developer purchased two 145-front foot lots for $23,900 net each and divided them into three lots of equal front footage. CBS vs. CIA Use the actual number of days in the closing month when determining the time line. Florida's telemarketing law became invalid when federal telemarketing laws were implemented. Which mortgage clause requires the lender to waive the right to a deficiency judgment against the borrower, relieving the borrower of personal liability to repay the loan? Calculate the developer's percentage of profit (round to nearest whole percentage point).
www.sec.gov Federal and State Laws, Regulations, and Related Court Decisions Executive Orders and Other Presidential Actions The president creates many documents to issue orders and make announcements. The Telephone Consumer Protection Act (TCPA) is the primary federal law governing the regulation of telephone solicitations. The Telecommunications Consumer Protection Act of 1991 (TCPA) is a piece of U.S. federal legislation that set guidelines for telemarketing practices in response to consumer complaints. The stepson's interest is that of, The process of land buildup from water-borne rock and soil is referred to as. (EDGAR Online via COMTEX) -- false 0001564406 0001564406 2023-02-08 2023-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM. Informacin detallada del sitio web y la empresa: salvarani.com, +39522969177 SALVARANI | Agricultural spraying, components 12-24 Volt, compressors, test and calibration equipment, Componenti agricultura, compressori, calibratura e regolazione macchine irroratrici Total = 14,500 + 3,000 = $17,500. Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. Which statement is FALSE? Total $26,000, Tax advantages of owning a home do NOT include, Deductions of hazard insurance expense on a principal residence. The street in front of your house is to be paved at a cost of $45 per foot. C) tenants and buyers of all residential property built before 1978. An EARNEST MONEY DEPOSIT is desirable to protect the seller, but it's not required to make a contract valid. A real estate broker has been hired to manage an apartment complex on behalf of the landlord. tenants and buyers of all residential property built before 1978. C) The seller has breached the buyer's contract, and the buyer can sue to force the seller to take a lower price. Therefore, debited to seller and credited to buyer. How much is the minimum cash investment on an FHA loan? The law is enforced by the Office of the Attorney General. Which type of window is the least energy efficient? 1. FL law does not require that prospective buyers and seller be represented. However, there is a law found in Section 365.1657, Florida Statutes, that prohibits sending an unsolicited advertisement by fax machine within the state. $276,060 total. Option Contracts C) notification that the energy-efficiency rating of the structure may qualify the buyer for an energy-efficient mortgage. Special Information Booklet (HUD) The broker decides to appeal FREC's final order. A qualified buyer offers to pay the $2,000 down, but the developer states that the $2,000 down homes are all sold.
National Do Not Call Registry - Wikipedia Which law prohibits racial discrimination in the sale or lease of all real property without exception? Which statement is TRUE? Main Menu
Azure Exam Prep Questions Flashcards | Quizlet How will the property taxes be entered on the closing statement? Calculate the reproduction cost new of the structure.
End of Pre-License Course Exam Questions - RealEstateExamAnswers.com The process of land buildup from water-borne rock and soil is referred to as. Which property is immune from property taxes? An individual who repeatedly writes bad checks can be charged with. Lease Agreements longer than 1 year Lynn's home phone number is 333-2020. Standard Message & data rates may apply. 45 x 90 x .75 = $3,037.50 / 2 = $1,518.75, A professional office center is purchased for $475,000.
Revere Advocate 03/03/2023 - publizr.com Which item would be classified as a fixed expense in the calculation of net operating income? Federal government websites often end in .gov or .mil. Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? Tenancy in Common (no right of survivor ship, heirs inherit), A parcel of real estate has been left to the wife through her husband's will for the widow's use and enjoyment during her lifetime, with the provision the property goes to the widow's stepson at her death. A buyer has applied for a 20-year mortgage of $52,000 at 7 3/8 percent interest. a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; a statement by you, made under penalty of perjury, that the information provided in your notification is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf. Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? Which statement is FALSE regarding earning continuing education (CE) credit by attending a legal agenda session of the monthly Florida Real Estate Commission (FREC) meeting? Which type of depreciation is associated with inefficient architectural design? The RE licensee is not eligible to make a claim against the Real Estate Recovery Fund. The seller cannot now accept the original offer, because it was killed by the counteroffer. A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. Deductions of hazard insurance expense on a principal residence. Index plus Margin equals Calculated Interest Payment on an ARM. A couple are interested in purchasing residential investment property, and they have informed their sales associate that they want limited representation but do not want to be legally held responsible for the acts of a licensee. The referring tenants do not hold real estate licensees. For copies of the rules and commentaries relevant to your Internet enterprise, contact: Consumer Response Center, Federal Trade Commission, Washington, DC 20580; toll-free: 1-877-FTC-HELP begin_of_the_skype_highlighting 1-877-FTC-HELP end_of_the_skype_highlighting . The licensee was unable to collect on the judgment and is considering submitting a claim to the Real Estate Recovery Fund. Subtract Service and charges (a) It shall be the duty of every common carrier engaged in interstate or foreign com It was first signed into law by President George H.W. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. D) Credit unions are exempt from the Real Estate Settlement Procedures Act. Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE?
which statement is true regarding the federal telemarketing law? Telemarketing also includes sales solicitations via fax, the Internet and mail, if the consumer is encouraged to respond via the telephone, fax . Which statement is TRUE regarding comparative market analyses (CMAs)? Includes:
Telemarketing | Federal Communications Commission The following is a robust set of proactive and reactive rules to fraud-proof and protect your good name. a. what is edgar xbrl validation errors and warnings. The lender's policy protects the lender against title defects. The total square footage of the livable area is 2,600. A broker working in a no brokerage relationship capacity with a seller can enter into a listing agreement with that seller and be paid a commission. (page 247). 2. 290 x 250 = 72,500 - 47,800 = 24,700 Open listing allows the seller to list the property with multiple brokers. Lynn is preparing a classified ad for a listed property. 485 x 76 = 36,860 The FTC does not prohibit bait-and-switch advertising. A buyer offered $225,000 for a seller's property. A tenant, unable to contact the landlord or the landlord's representative prior to the expiration of a written lease, continues to pay the rent and occupy the premises after the lease expired. Restrictions on telemarketing to Florida residents are about to get tighter. The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000).
Telemarketing - Consumer Protection Topic - Alaska Choose the correct concept with the example below: When Fern saw the man sitting on the steps in San Francisco holding a cup, she thought he was a homeless person. Remainderman - 3rd party fee simple ownership at end of life estate by wife. It does require that buyer, before signing a sale contract, receive an information brochure notifying the purchaser of the option for an EE rating on the building. C) The real estate licensee must show that the license was active at the time the transaction was entered into. Search the Legal Library instead. If the annual operating expenses amount to $36,990, and a prospective investor insists on at least a 12 percent overall rate of return, what is the maximum amount the investor should pay for the property? Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? The associate must, An owner of an apartment complex pays $100 to each tenant who refers a person who becomes a tenant. The covenant of warranty forever is included in which type of statutory deed? (page 219). 1. Lynn Amherst is a sales associate for Excel Realty. Which document must a prospective buyer of an existing (resale) condominium unit receive? C) The loan officer can be fined by the Department of Housing and Urban Development (HUD). 52,000 - 95.36 = 51,904.64
Final Exam Flashcards | Chegg.com The brothers want their interest in the property to go to their spouses in the event of their deaths. The term used to measure the amount of energy an electrical appliance consumes is. Deed is the written instrument to convey an interest in real property. How much of the $414.94 monthly payment paid in month two will apply to principal? b. self-serving bias e. social categorization, Briefly explain the importance of each of the following. Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. All national chartered commercial banks are members of which entity? These opinions are issued, pursuant to Rules 1.1 - 1.4 of the Commission's Rules of Practice, 16 C.F.R.
(Pdf) Southern District of Florida Federal Trade Commission, Southern Which business would be classified as a service industry? If the annual operating expenses amount to $36,990, and a prospective investor insists on at least a 12 percent overall rate of return, what is the maximum amount the investor should pay for the property? RESPA disclosures at time of loan or within 3 business days of: united states district court middle district of florida orlando division filed 1-: }lf 111 ai-l in: 56 { tv case no lcoc{-c!- l l-t f securities and exchange Real estate licensees may not represent a CMA as an appraisal. (page 362), Jalousie - window is almost impossible to seal; therefore, it's the lease energy efficient.
Test Prep A Flashcards - Cram.com Stay of Enforcement, if granted, stops the enforcement of a suspension or revocation in the final order pending the outcome of the appeal process. The contract is contingent on a radon test. 14 Real estate related computations and c, 63 hour Real Estate practice Exam (first 50), Course Exam Review for Tampa School of Real E, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Alexander Holmes, Barbara Illowsky, Susan Dean, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Which type of listing allows the seller to list the property with other brokers? A) Claim against the Real Estate Recovery Fund B) Suit for compensatory damages C) Suit for specific performance D) Provision for liquidated damages, Claim against the RE Recovery Fund is for a result of license law violations by a licensee ($50k per transaction and mo more than $150K against on licensee involved in mult transactions, PAGE 129). Which business would be classified as a service industry? A duplex is scheduled to close on September 10. A person who rents lots in a mobile home park. Servicing disclosure statement. B) Every general partner in a limited real estate partnership who performs real estate services must hold a real estate broker license. A) Demand is the desire and ability to purchase or lease goods and services B) Consumer preferences influence demand C) Changes in price cause an inverse change in demand D) The availability of building materials influences demand, The AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply (page 415), Implement the comprehensive plan (page 427), Branch office of a bank is a service industry that services primarily local residents (page 425), Effective Age / Total Economic Life x Reproduction Cost New, 45 x 90 x .75 = $3,037.50 / 2 = $1,518.75, A professional office center is purchased for $475,000. A satisfaction of mortgage is given by the lender to the borrower when the loan is paid off, must be sent to mortgagor within 60 days. Index plus Margin equals Calculated Interest Payment on an ARM, Ginnie Mae (GNMA) serves as a guarantor of mortgage-backed securities. Call Us Today! Property taxes are paid in arrears - so seller has paid no taxes that month. Homestead protection does not prevent foreclosure for nonpayment of property taxes, special assessments, mortgages, vendors' liens, or construction liens secured with homestead property. (page 169), The answer is ACCRETION. A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia.
Final Exam Prep Flashcards | Quizlet (Round answer to nearest dollar. What is the final step in the real estate sale process?