Which statement is TRUE regarding comparative market analyses (CMAs)? AN ACT RELATIVE TO RESTRUCTURING THE ELECTRIC UTILITY INDUSTRY IN THE COMMONWEALTH, REGULATING THE PROVISION OF ELECTRICITY AND OTHER SERVICES, AND PROMOTING ENHANCED CONSUMER PROTECTIONS. In the Government Survey System, the six-mile vertical strip of land that extends from the north to the south of Florida, located immediately west of the Tallahassee Principal Meridian, is called. Total $26,000, Tax advantages of owning a home do NOT include, Deductions of hazard insurance expense on a principal residence. What is the final step in the real estate sale process? In an effort to address a growing number of telephone marketing calls, Congress enacted in 1991 the Telephone Consumer Protection Act (TCPA). Ann. 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 D) Principal payments remain constant while interest payments increase. All national chartered commercial banks are members of which entity? Please note that the following information is for educational purposes only, and additional laws may apply. And some rules can even vary within a state. Which brokerage relationship is BEST suited to this couple? Part 310: Telemarketing Sales Rule Fees; Final Rule Updating the Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule: Federal Register Notice Containing Notice of Proposed Rulemaking and Soliciting Public Comment on Proposed Amendments to the Rule, 16 CFR Part 310: Telemarketing Sales Rule: Federal Register Notice Containing Notice of Proposed Rulemaking and Soliciting Public Comment on Proposed Amendments to the Rule - Text Version, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule, 16 C.F.R. Which of the following statements about consumer protection laws is true? Citations involve fines that currently range from $100 to $500 per offense and may include other assessments (ex: REQUIRE EDUCATIONAL COURSE ATTENDANCE), If the licensee-respondent disputes the alleged facts noted in the complaint, the licensee-respondent's case must be heard by an administrative judge in a FORMAL HEARING (PAGE 118). Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. What is the annual IRS depreciation deduction? A developer advertises homes for sale with a total down payment of $2,000. Study with Quizlet and memorize flashcards containing terms like Which type of business entity is at risk of no longer continuing if the owner becomes incapacitated?, Certain age-55-and-older communities are exempt from the familial status provisions of the Fair Housing Act if the communities offer amenities, specific programs, and activities designed for the mature adult and, Capri Realty is . The total square footage of the livable area is 2,600. The licensee sued the seller's broker and was awarded a judgment. 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. D) The real estate licensee is not eligible to make a claim against the Real Estate Recovery Fund. A licensee who is issued a citation may be ordered to, If a licensee/respondent disputes any of the allegations outlined in the administrative complaint, the case must be heard in, When a consumer files a complaint against a real estate licensee that contains facts indicating that a violation of rules of the Florida Real Estate Commission has occurred, the complaint is said to be. Which expense is deducted to derive effective gross income? Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. A) Seller and buyer both claim the earnest money deposit. A commercial tenant pays a fixed rent each month. The city has agreed to pay 25 percent of the paving cost and will assess abutting properties for the remainder. Reproduction cost: Three brothers join together to purchase property. Recording it in the public records shows that the mortgage lien has been removed. 2. refinancing of real property or interests in real property The purpose of the Do Not Call registry is to give consumers a choice regarding telemarketing calls. Which statement is TRUE regarding comparative market analyses (CMAs)? C) Sellers decide they do not want to sell the property and refuse to allow the broker to release buyer's earnest money deposit. Deed is considered voluntary because it's under the owner's control. A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. The radon test indicates a high level of radon gas in the home, and the buyer gives written notice to cancel the contract. The broker decides to appeal FREC's final order. RESPA disclosures at time of loan or within 3 business days of: Property taxes Standard Message & data rates may apply. What is the annual rent for the year if the annual gross sales are $450,000? is exempt from the sales associate course; however, she must pass a written Florida-specific real estate law exam. Real estate licensees may not represent a CMA as an appraisal. The lender's policy protects the lender against title defects. Which type of window is the least energy efficient? (page 362), Jalousie - window is almost impossible to seal; therefore, it's the lease energy efficient. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? Call Lynn Amherst, Excel Realty 333-2020 (cell). Placement of the windows is most important on which type of lot if the homeowner is concerned about the possibility of vehicular headlights shining into the front windows? Runners crossing the finish line in the Boston Marathon. (1) by the person or entity providing a wire or electronic communications service; (2) by a user of that service with respect to a communication of or intended for that user; or (3) in section 2703, 2704 or 2518 of this title. Division of Florida Condominiums, Timeshares, and Mobile Homes is charged with providing complaint resolution for HOAs. D) Credit unions are exempt from the Real Estate Settlement Procedures Act. Business Combination Agreement and Plan Of Reorganization, dated February 24, 2023 from Oxbridge Acquisition Corp. filed with the Securities and Exchange Commission. 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? 50 / 100. (Round answer to nearest dollar. Savings associations can sell existing mortgage loans to which entity? 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? Which statement is TRUE regarding a title company holding the escrow funds? The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. If you advertise online, remember the rules and guidelines that protect consumers also help businesses by maintaining the credibility of the Internet as a marketing medium. Bush in 1991 and has remained the bedrock of federal telemarketing regulations ever since. 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 National Do Not Call Registry is a database maintained by the United States federal government, listing the telephone numbers of individuals and families who have requested that telemarketers not contact them. Included advantages: The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. allows a sales associate or broker associate employed by an owner-developer to sell property for all the affiliated entities owned by the developer. She requests a Florida sales associate license based on mutual recognition. B) The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. The applicant has met the requirements to become a licensed broker and is qualified to take the state license exam. Which property is immune from property taxes? 51,904.64 x .07375 = 3,830.56 / 12 = 319.21 The referring tenants do not hold real estate licensees. Special Assessments are one-time taxes levied on properties to help pay for some public improvement that benefits property - typically levied on a front foot basis or per hookup basis for utility and sewer improvements. Lynn's home phone number is 333-2020. Which characteristic is a disadvantage of investing in real estate? which statement is true regarding the federal telemarketing law? The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? Which statement regarding a limited real estate partnership is TRUE? When a loan is paid off in a lien theory state, which instrument should the lender prepare and give to the borrower? What is the state's intangible tax on a new mortgage of $10,000? allows a sales associate or broker associate employed by an owner-developer to sell property for all the affiliated entities owned by the developer. Persons or entities making calls for telemarketing purposes must have a written policy, available upon demand, for maintaining a do-not-call list. The broker must notify the Florida Real Estate Commission in writing within 15 business days of the buyer's and seller's conflicting demands for the earnest money. According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. A broker is NOT required by law to notify the FREC of conflicting demands in which situation? Place the funds in an interest-bearing account in a Florida bank and pay the tenant 5 percent interest (separate interest-bearing FL bank account and pay the tenant at least 75% of any annualized average interest rate or 5% per year simple interest - page 153). This arrangement is, illegal, because the amount of compensation exceeds the allowable amount. The associate continues to be employed by the same broker, who has an office in Atlanta. Lease Agreements longer than 1 year On the first of the month, the seller collected total rent for September amounting to $950. A real estate broker has been hired to manage an apartment complex on behalf of the landlord. An EARNEST MONEY DEPOSIT is desirable to protect the seller, but it's not required to make a contract valid. The stepson's interest is that of, The process of land buildup from water-borne rock and soil is referred to as. 0. How must the broker as agent handle the security deposits and advance rent? A qualified buyer offers to pay the $2,000 down, but the developer states that the $2,000 down homes are all sold. NOI = Cap Rate x Value (sale price) A building is valued at $135,000 with an estimated 25-year useful economic life. The tenant has what type of lease? Within ten business days after the deposit is due under the sale contract, the broker . Many of these lawsuits seem outrageously frivolous, while others deal with incredibly serious matters. PSA The covenant of warranty forever is included in which type of statutory deed? Division of Florida Condominiums, Timeshares, and Mobile Homes is charged with providing complaint resolution for HOAs. von | Jun 17, 2022 | tornadoes of 1965 | | Jun 17, 2022 | tornadoes of 1965 | Which statement is TRUE? Special Information Booklet (HUD) 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. 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. Which document must a prospective buyer of an existing (resale) condominium unit receive? 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. To obtain a stay of the final order, the district court of appeals must issue a writ of supersedes to stop the enforcement pending the outcome of the appeal process A licensee who is issued a citation may be ordered to, Citations involve fines that currently range from $100 to $500 per offense and may include other assessments (ex: REQUIRE EDUCATIONAL COURSE ATTENDANCE), If a licensee/respondent disputes any of the allegations outlined in the administrative complaint, the case must be heard in, If the licensee-respondent disputes the alleged facts noted in the complaint, the licensee-respondent's case must be heard by an administrative judge in a FORMAL HEARING, When a consumer files a complaint against a real estate licensee that contains facts indicating that a violation of rules of the Florida Real Estate Commission has occurred, the complaint is said to be. Complaint resolution for homeowner associations is provided by which division of Florida government? Under the statute of frauds, which element is required for contracts pertaining to the purchase and sale of real property (except for certain specific exceptions)? (no more than $50 to an unlicensed person who is a tenant of the apartment complex for the referral fee. What is the adjusted sale price of the comparable? A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. 2. Mortgage interest On February 17, the Justice Department, together with the Federal Trade Commission (FTC), announced a civil enforcement action against several corporate and individual defendants for alleged violations of the FTC Act and the Telemarketing Sales Rule (TSR) in connection with telemarketing campaigns that have involved millions of illegal robocalls. required by Florida law to verify that license applicants are current on child support payments. It's one mile square of 640 acres, Range 1 West is located immediately west of the principal meridian and base line. Illiquidity; 2. The SE1/4 of the SW1/4 of the N1/2 and the NE1/4 of the SW1/4 of Section 19 contains how many acres? Therefore. Ann. Which property is immune from property taxes? 24,700 / 47,800 = 52% profit. What is the adjusted sale price of the comparable? Lynn is preparing a classified ad for a listed property. A person applies for a mortgage loan from a local credit union. A building is valued at $135,000 with an estimated 25-year useful economic life. Which individual is exempt from licensure under Florida Statute 475? (page 398), Save our Home (SOH) regulates that the assessed value of a property can only increase 3% annually or the % change of the CPI for the preceding year; whichever is LESS (page 395). 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 The brokerage can work with the buyer, in the same transaction. Which statement is TRUE regarding the federal telemarketing law? A lead-based paint disclosure must be given to A) tenants and buyers of all rental property if a family member is younger than three. A buyer offered $225,000 for a seller's property. c. There are no federal laws that regulate This problem has been solved! The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? The loan officer did not give the loan applicant a copy of the HUD information booklet concerning settlement costs at the time of loan application. A closing is set for July 15. 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. The Telephone Consumer Protection Act of 1991 (TCPA) was passed by the United States Congress in 1991 and signed into law by President George H. W. Bush as Public Law 102-243. The tenant has a tenancy. I = RV Which requirement is one of the elements of a valid real estate contract? 20-cv-10857, Judge Burroughs construed two disputed terms in a patent relating to a method of aligning a laser projector for projecting a laser image onto a work surface.. 1. Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. The Division of Marketing Practices periodically issues informal staff advisory opinions in response to requests for interpretation of the Telemarketing Sales Rule. General warranty deed includes quiet enjoyment (peaceful possession undisturbed by claims of title), warranty forever (forever warrant and defend grantee's title), and further assurance (will help make title good in the future too), The lender's policy protects the lender against title defects. Yes, because this is an example of bait-and-switch advertising, and it is illegal. b. Which lien is classified as a voluntary lien? Interest on Home Equity 290 x 250 = 72,500 - 47,800 = 24,700 C) All VA mortgage loans contain a due on sale clause. 501.001 and following, and includes the Florida Telemarketing Act at Fla. Stat. Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. Three brothers join together to purchase property. At resale, buyer entitled to copy of declaration of condominium, articles of incorporation, bylaws, rules of assoc, FAQ, copy of most recent year end financial statement and GOVERNANCE FORM.
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