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 statement is TRUE regarding this situation? A commercial tenant pays a fixed rent each month. C) notification that the energy-efficiency rating of the structure may qualify the buyer for an energy-efficient mortgage. Calculate the reproduction cost new of the structure. What is the adjusted sale price of the comparable? The FALSE statement is the a SECTION contains 43,560 sf. Which statement applies to this situation? Which of the following statements about consumer protection laws is true? All natural persons in the United States who, within four years preceding the filing of this case, received more than one telephone solicitation call from PGI within a 12-month period. In 1992, the Commission adopted rules to implement the TCPA. 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. 50 / 100. And some rules can even vary within a state. The developer sold the lots for $250 per front foot. Which individual is exempt from licensure under Florida Statute 475? Restrictions on telemarketing to Florida residents are about to get tighter. 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. Ann. Which law prohibits racial discrimination in the sale or lease of all real property without exception? Deed is the written instrument to convey an interest in real property. Which statement is TRUE regarding this situation? Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. D) Real estate licensees are exempt from the telemarketing laws. Hazard Insurance is included as part of a fixed expense (also ppty taxes) Mortgage payments are not considered an opex because they are not directly associated with the maintenance and operation of the property. What is the state's intangible tax on a new mortgage of $10,000? False - All VA mortgage loans contain a due on sale clause (page 265), 3.5% is the minimum down payment on a FHA loan. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. Is this transaction covered under Truth in Lending Act? Since seller hasn't received the money, it's not shown on the seller's statement. Special Information Booklet (HUD) Which excerpt conforms to the rule regarding advertising? The process of land buildup from water-borne rock and soil is referred to as. Base: 14,500 C) All VA mortgage loans contain a due on sale clause. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. The licensee sued the seller's broker and was awarded a judgment. Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? Servicing disclosure statement. Which statement is TRUE regarding the key rings? Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securitie Which statement is TRUE regarding this situation? Federally related transactions do not include transactions associated with refinancing real property. The following is a robust set of proactive and reactive rules to fraud-proof and protect your good name. ), $475,000*.8 = $380,000 / 39 years = $9,744. Includes: 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. Which characteristic is a disadvantage of investing in real estate? The covenant of warranty forever is included in which type of statutory deed? 414.94 - 319.58 = 95.36 A) A section is a square one mile on each side B) A section contains 640 acres C) A section contains 43,560 square feet D) A section has an area of one square mile, The FALSE statement is the a SECTION contains 43,560 sf. 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 tenant has what type of lease? Lynn Amherst is a sales associate for Excel Realty. Need for expert help; 4. A duplex is scheduled to close on September 10. 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. 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. Telemarketing involves situations in which companies call consumers to sell their goods or services, or consumers call companies to make purchases in response to mailings or other forms of advertising. How is the earnest money deposit entered on the closing statement? Distinguish between FASB Accounting Standards Updates and FASB Statements of Financial Accounting Concepts. Which list of appraisal methods is unique to the appraisal of business enterprises? Index plus Margin equals Calculated Interest Payment on an ARM. (page 267). How much of the $414.94 monthly payment paid in month two will apply to principal? 1. The company's phone number is 222-1010. Listed here are some FTC laws about specific marketing practices and the promotion of products and services in specific industries. C) tenants and buyers of all residential property built before 1978. UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA FEDERAL TRADE COMMISSION, Plaintiff, V. JUSTIN RAMSEY, individually and as an officer of Data Guru LLC, Tailbone Security LLC, and Prime Marketing LLC, BRIAN OFFNER, individually and as an officer of Data Guru LLC, Tailbone Security LLC, and Leading Apex LLC, CHRISTOPHER HERGHELEGIU, individually and as an officer of Data Guru LLC and . CREDIT TO THE BUYER ONLY - the buyer pays the binder deposit when the contract info is entered into - entered as a credit to the buyer since this portion of the purchase price has already been paid and will not be paid again. Service and charges (a) It shall be the duty of every common carrier engaged in interstate or foreign com The purpose of the Do Not Call registry is to give consumers a choice regarding telemarketing calls. Better In one of the more upsetting high-profile lawsuits, Vanessa Bryant has just reached a final . (PAGE 190), Which statement concerning sections is FALSE? Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. Which property is immune from property taxes? Governance Form summarizes board of directors and the rights of the unit. The Telephone Consumer Protection Act (TCPA) is the primary federal law governing the regulation of telephone solicitations. 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? A. The stepson's interest is that of, The process of land buildup from water-borne rock and soil is referred to as. An apartment building produces an effective annual gross income of $71,820. The covenant of warranty forever is included in which type of statutory deed? Lynn is preparing a classified ad for a listed property. The licensee sued the seller's broker and was awarded a judgment. b. Lynn is preparing a classified ad for a listed property. 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. This arrangement is. According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. How much is the minimum cash investment on an FHA loan? Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, Franchises, Business Opportunities, and Investments, https://www.federalregister.gov/regulations/3084-AA98/telemarketing-sales-rule, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Updating Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Updating Fees Charged to Entities Accessing the National Do Not Call Registry, 16 CFR Part 310: Telemarketing Sales Rule Fee; Final Rule That Updates Fees Charged To Entities Accessing the National Do Not Call Registry, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Notice (Telemarketing Sales Rule), Telemarketing Sales Rule Information Collection Activities; Proposed Collection; Comment Request, 16 CFR Part 310: Telemarketing Sales Rule: Final Rule Amendments: Federal Register Notice Containing the Final Telemarketing Sales Rule Amendments and the Statement of Basis and Purpose, 16 CFR Part 310: Telemarketing Sales Rule Fees; Notice Advising That There Will BE No Fee Increase for Accessing the National Do Not Call Registry for Fiscal Year 2016, 16 CFR Part 310: Telemarketing Sales Rule; Extension of Comment Period for Rule Review to November 13, 2014, 16 CFR Part 310: Telemarketing Sales Rule Fees; Final Rule Amending TSR Fees Charged to Entities Accessing the National Do-Not-Call Registry, as Required by the Do-Not-Call Registry Fee Extension Act of 2007, 16 CFR Part 310: Telemarketing Sales Rule Federal Register Notice: Rule Review Request for Public Comments as Part of the FTCs Systematic Regulatory Review, Modified Ten-Year Regulatory Review Schedule; Notice of Intent to Request Public Comments, 16 CFR Part 310: Telemarketing Sales Rule; Notification of Termination of Caller ID Rulemaking Federal Register Notice, 16 C.F.R. A township has 36 parcels called "sections." 00018665812022FYFALSEhttp://fasb.org/us-gaap/2022#AccountingStandardsUpdate201602MemberP1YP1YP1YP1YP1Y33.3333.3333.33505010000018665812022-01-012022-12 . The overall capitalization rate (OAR) is determined by analyzing which two components of similar properties in the subject property's market area? Property taxes are paid in arrears - so seller has paid no taxes that month. Compared with the subject property, the comparable is built of superior materials ($20,000) and the comparable has more square footage ($25,000). Governance Form summarizes board of directors and the rights of the unit. Limited partners must register with the FREC under the limited partnership name. Deeds and Mortgage Instruments merrick okamoto net worth A real estate licensee purchased a home from the seller. 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. How must the broker as agent handle the security deposits and advance rent? The law applies broadly to a "telephonic sales call." "Telephonic sales call" is currently defined as "a telephone call, text message, or voicemail transmission to a consumer for the purpose of soliciting a sale of any consumer goods or services, soliciting an extension of credit for consumer goods or services, or obtaining information that will A building is valued at $135,000 with an estimated 25-year useful economic life. The lender's policy protects the lender against title defects. 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. (page 219). Central Asia. The associate must, An owner of an apartment complex pays $100 to each tenant who refers a person who becomes a tenant. Securities registered pursuant to Section 12(g) of the Act: None. 51,904.64 x .07375 = 3,830.56 / 12 = 319.21 A buyer offered $225,000 for a seller's property. (EDGAR Online via COMTEX) -- false 0001564406 0001564406 2023-02-08 2023-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM. Complaint resolution for homeowner associations is provided by which division of Florida government? A Georgia real estate licensee moved to Miami five months ago. Ann. A qualified buyer offers to pay the $2,000 down, but the developer states that the $2,000 down homes are all sold. On the first of the month, the seller collected total rent for September amounting to $950. The stepson's interest is that of. Persons or entities making calls for telemarketing purposes must have a written policy, available upon demand, for maintaining a do-not-call list.

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