Need for expert help; 4. 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. B. The settlement benefits consumers who received one or more prerecorded voice messages regarding Connected Investors' goods and services between April 28, 2017, and Sept. 26, 2022. Mortgage origination fees (points) Federally related transactions do not include transactions associated with refinancing real property. The seller cannot now accept the original offer, because it was killed by the counteroffer. The .gov means its official. Which lien is classified as a voluntary lien? Which statement is FALSE concerning federally related transactions? Subtract The city has agreed to pay 25 percent of the paving cost and will assess abutting properties for the remainder. Which solution is NOT a remedy for the breach of a real estate sale contract? Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Which individual is exempt from licensure under Florida Statute 475? Bars telemarketers from intentionally blocking caller identification; Requires telemarketers at the beginning of every sales call to disclose the name of person making the call, as well as the name of the telemarketing company, the name of person or . Which statement is TRUE regarding the key rings? A township has 36 parcels called "sections." 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? Real estate licensees may not represent a CMA as an appraisal. The total square footage of the livable area is 2,600. The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? Statutes change, so checking them is always a good idea. croatia vs bulgaria prediction; he said she said wedding game; Index plus Margin equals Calculated Interest Payment on an ARM. B. call Sue for up to 18 months after she purchases a property through the brokerage firm C. call Sue if she has placed a "for sale" sign in the yard The street in front of your house is to be paved at a cost of $45 per foot. Prevention Methods - Identity Crimes - Center for Identity Management The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. A broker is NOT required by law to notify the FREC of conflicting demands in which situation? National Do Not Call Registry - Wikipedia hotelroyalvasto.com Informacin detallada del sitio web y la empresa Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. Which statement is TRUE? D) The seller cannot now accept the original offer, because it was killed by the counteroffer. In addition, truth-in-advertising standards apply if . Which statement is TRUE regarding this situation? 2,600 x 92 = 239,200 www.sec.gov 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. 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. Exclusion from gain on sale of principal residence up to $250K for single person, $500K for married couple filing jointly. The brothers want their interest in the property to go to their spouses in the event of their deaths. Special Information Booklet (HUD) B) Federally related transactions do not include transactions associated with refinancing real property. Total $26,000, Tax advantages of owning a home do NOT include, Deductions of hazard insurance expense on a principal residence. which statement is true regarding the federal telemarketing law The Florida Consumer Protection Law is located at Fla. Stat. 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. A comparable property recently sold for $315,000. The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. When a loan is paid off in a lien theory state, which instrument should the lender prepare and give to the borrower? (Round answer to nearest dollar. A) Only veterans, surviving spouses of veterans, and active military personnel are eligible to apply for a VA loan. A court may award up to three times that amount for a willful or knowing violation. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. 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. 5 /25 x 135,000 = 27,000 accrued depreciation. Is the broker required to retain the brokerage relationship disclosure documents, and if so, for how long? D) notification that the buyer may order an energy-efficiency rating on the building. Working Advantage - Employee Discounts Mortgage interest (page 364), Liquidation analysis, reproduction cost analysis, and income capitalization analysis (and comparable sales analysis), Management considerations is one of the disadvantages of investing in RE. Range 1 West is located immediately west of the principal meridian and base line. A person who rents lots in a mobile home park. Transaction Broker - in a transaction broker relationship the buyer or seller is not responsible for the acts of a licensee. A buyer and seller enter into a contract for sale and purchase of a home. (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). 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? A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. Persons or entities making calls for telemarketing purposes must have a written policy, available upon demand, for maintaining a do-not-call list. D) Credit unions are exempt from the Real Estate Settlement Procedures Act. How much of the $414.94 monthly payment paid in month two will apply to principal? The licensee sued the seller's broker and was awarded a judgment. A licensee may not earn credit for attending a FREC meeting if the licensee is on the legal agenda for disciplinary action. The Georgia licensee. Accretion is the process of land buildup from water-borne rock, sand, and soil. Laws Protecting Consumers - Ohio Attorney General Dave Yost Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? 8 a.m. FLORIDA REAL ESTATE UNIT 5 Flashcards | Quizlet The broker must retain the disclosure documents for five years even if a nonresidential transaction that used designated sales associates fails to close. A lead-based paint disclosure must be given to. Market is local in nature; 3. Open All + which statement is true regarding the federal telemarketing law? C) All VA mortgage loans contain a due on sale clause. The telemarketing class action lawsuit accuses Connected Investors of violating the TCPA with unsolicited prerecorded voice message advertisements. illegal, because the amount of compensation exceeds the allowable amount. How much is the minimum cash investment on an FHA loan? Solved I need help with any or all of these questions. Thank | Chegg.com C) The real estate licensee must show that the license was active at the time the transaction was entered into. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. A gross lease is a lease in which the tenant agrees to pay a fixed rental amount, and the landlord pays all expenses related to the property such as real estate taxes, insurance, and maintenance costs. C. The applicant must apply for a broker license under mutual recognition. Which statement concerning Department of Veterans Affairs (VA) mortgage loans is FALSE? Wattage is the measurement of the amount of energy consumed. What is the TCPA? - Contact Center Compliance AND, IT WILL PROTECT THE NEW OWNER (IF TRANSFERRED) UP TO THE UNPAID BALANCE OF THE MORTGAGE LOAN. Within ten business days after the deposit is due under the sale contract, the broker . FCC Actions on Robocalls, Telemarketing | Federal Communications Commission The covenant of warranty forever is included in which type of statutory deed? 1.555.555.555 | influencer scandal 2022. THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this "Agreement") is made and entered into as of February 19, 2014(the "Agreement Date"), by and among Facebook, Inc. Three brothers join together to purchase property. Which statement regarding a limited real estate partnership is TRUE? Included advantages: To protect themselves catalog marketers should ask Which requirement is one of the elements of a valid real estate contract? Five-Star Reviews Enforcement Regulations from the FTC Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Which statement is TRUE regarding this situation? What is the final step in the real estate sale process? The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. 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. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. tenants and buyers of all residential property built before 1978. The constitutional homestead law protects real property from forced sale to satisfy which type of delinquent debt? If your lot frontage on the street is 90 feet, what is your portion of the special assessment? Complaint resolution for homeowner associations is provided by which division of Florida government? Only 2 members must be consumer members who have never been brokers or sales associates. The following is a robust set of proactive and reactive rules to fraud-proof and protect your good name. The total square footage of the livable area is 2,600. 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. A real estate licensee purchased a home from the seller. The company's phone number is 222-1010. Tax advantages of owning a home do NOT include A) deduction of hazard insurance expense on a principal residence. The Telemarketing Sales Rule, which requires telemarketers to make specific disclosures of material information; prohibits misrepresentations; sets limits on the times telemarketers may call consumers; prohibits calls to a consumer who has asked not to be called again; and sets payment restrictions for the sale of certain goods and services. A comparable property recently sold for $315,000. Which list of appraisal methods is unique to the appraisal of business enterprises? How much of the $414.94 monthly payment paid in month two will apply to principal? A developer purchased two 145-front foot lots for $23,900 net each and divided them into three lots of equal front footage. Vendor's Lien - equitable lien of the grantor (seller under a PMM) on the land conveyed in the amount of the unpaid purchase price. Good Faith Estimate (GFE) Since seller hasn't received the money, it's not shown on the seller's statement. 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. TELEMARKETERS FOR ELECTRIC SUPPLIERS - Connecticut General Assembly Telemarketing also includes sales solicitations via fax, the Internet and mail, if the consumer is encouraged to respond via the telephone, fax . Lynn Amherst is a sales associate for Excel Realty. On the first of the month, the seller collected total rent for September amounting to $950. What is the annual IRS depreciation deduction? InVirtek Vision International ULC v.Assembly Guidance Systems, Inc. d/b/a Aligned Vision, No. 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. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. A developer advertises homes for sale with a total down payment of $2,000. D) Buyer finds another property at a lower price and demands a refund of the earnest money deposit. Deductions of hazard insurance expense on a principal residence. Which document must a prospective buyer of an existing (resale) condominium unit receive? And some rules can even vary within a state. Business Combination Agreement and Plan Of Reorganization, dated An official website of the United States government. Which statement is TRUE regarding comparative market analyses (CMAs)? Which statement is TRUE regarding this situation? 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? Florida's telemarketing law became invalid when federal telemarketing laws were implemented. Which document must a prospective buyer of an existing (resale) condominium unit receive? Which statement is TRUE regarding the federal telemarketing law? astros vs yankees cheating. Florida Expands Telemarketing Laws - The National Law Review Limited partners must register with the FREC under the limited partnership name.