The extensible markup language (XML) is a markup language promoted by the World Wide Web consortium (W3C). B) exclusion of gain from the sale of a principal residence up to $500,000 if married and filing a joint return. Informacin detallada del sitio web y la empresa: hotelroyalvasto.com, +39873801950 Hotel Royal Vasto Marina - Hotel 3 stelle sul mare a Vasto Marina in Abruzzo (page 219). Licensees must notify the DBPR in writing within 10 days of a change in current mailing address. 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 . A) Real estate licensees may call all the for-sale-by-owner sellers in a community to solicit listings without regard to whether the homeowners are listed on the do-not-call registry. Lynn's home phone number is 333-2020. Which statement is TRUE regarding a title company holding the escrow funds? Main Menu 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. The company's phone number is 222-1010. 3. Real estate licensees may contact their former customers for up to 18 months. 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. 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? 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. Widow: $500 Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. A developer purchased two 145-front foot lots for $23,900 net each and divided them into three lots of equal front footage. 2. The statement is TRUE. After the closing, the licensee discovered that the seller's broker had failed to disclose latent defects. Real estate licensees may not represent a CMA as an appraisal. Which statement applies to this situation? The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. Good Faith Estimate (GFE) Reproduction cost: 640/4/4/2 = 20 30 Days - if landlord is making a claim on the deposit, the landlord has 30 days to notify the tenant of the claim. Governance Form summarizes board of directors and the rights of the unit. Which request should be made by the broker's attorney so that the broker can continue to work during the appeal process? 1. transactions for the sale, lease or purchase of RE Which statement is TRUE regarding the federal telemarketing law? A) Seller and buyer both claim the earnest money deposit. Lease Agreements longer than 1 year Which property is immune from property taxes? Which statement is TRUE regarding this property? On the first of the month, the seller collected total rent for September amounting to $950. Is this transaction covered under Truth in Lending Act? 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. The tenant has what type of lease? How many members of the Florida Real Estate Commission must be consumer members who have never been real estate brokers or sales associates? 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. The mortgagee's title insurance policy is ISSUED FOR THE AMOUNT OF THE MORTGAGE LOAN AND IS TRANSFERABLE. 71,820 - 36,990 = 34,840 NOI D) Limited partners may participate in management activities of the limited partnership. B) Real estate licensees may advertise their residential listings by faxing promotional flyers to a list of local businesses and hospitals that are on the do-not-call list. In 1992, the Commission adopted rules to implement the TCPA. In an effort to address a growing number of telephone marketing calls, Congress enacted in 1991 the Telephone Consumer Protection Act (TCPA). Before sharing sensitive information, make sure youre on a federal government site. (no more than $50 to an unlicensed person who is a tenant of the apartment complex for the referral fee - page 95). The loan officer has three business days to give the loan applicant a copy of the information booklet. The company's phone number is 222-1010. The FTC's Telemarketing Sales Rule helps protect consumers from fraudulent telemarketing calls and gives them certain protections under the National Do Not Call Registry. Limited partners must register with the FREC under the limited partnership name. A real estate licensee purchased a home from the seller. (page 247). A local lender charged 4 percent interest plus 4 points on a conventional mortgage loan. The tenant has what type of lease? The Florida Real Estate Commission (FREC) issued a seven-year suspension of a broker's license. The AVAILABILITY OF BUILDING MATERIALS INFLUENCES DEMAND is FALSE - has to do with supply. D) Principal payments remain constant while interest payments increase. Which type of listing allows the seller to list the property with other brokers? A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. A buyer offered $225,000 for a seller's property. Effective Age / Total Economic Life x Reproduction Cost New The day after signing the sale contract and reviewing the condominium documents, the buyers notify the broker that they want to cancel the contract. Lynn Amherst is a sales associate for Excel Realty. The city has agreed to pay 25 percent of the paving cost and will assess abutting properties for the remainder. Federally-related transaction includes: 2. For more information about the TCPA, contact the FCC at fcc.gov. A township has 36 parcels called "sections." The garage is 485 square feet. Section 31 would be located in which corner? Which statement is TRUE? 315,000 - 20,000 - 25,000 = 270,000. The associate must. Prohibits telemarketers from calling Arizona residents between the hours of 9 p.m. and. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency. ), $475,000*.8 = $380,000 / 39 years = $9,744. The brokerage can work with the buyer, in the same transaction, A sales associate receives a deposit from a buyer on Wednesday morning. Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. (page 372), Municipal Airport - immune properties are city, county, state and federal gov't properties, 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. These opinions are issued, pursuant to Rules 1.1 - 1.4 of the Commission's Rules of Practice, 16 C.F.R. A real estate licensee purchased a home from the seller. 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. 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 type of depreciation is associated with inefficient architectural design? 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? 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. 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. Open listing allows the seller to list the property with multiple brokers. 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. What is the annual rent for the year if the annual gross sales are $450,000? A qualified buyer offers to pay the $2,000 down, but the developer states that the $2,000 down homes are all sold. The stepson's interest is that of, The process of land buildup from water-borne rock and soil is referred to as. How many members of the Florida Real Estate Commission must be consumer members who have never been real estate brokers or sales associates? 1. The tenant has a tenancy. Since seller hasn't received the money, it's not shown on the seller's statement. Similarly, a brokerage firm working in a no brokerage relationship capacity can work with a buyer. EGI - OPEX = NOI Branch office of a bank is a service industry that services primarily local residents. 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. Total $26,000, Tax advantages of owning a home do NOT include, Deductions of hazard insurance expense on a principal residence. Which business would be classified as a service industry? The calculated interest rate of an adjustable-rate mortgage is determined by adding which two components? RESPA disclosures at time of loan or within 3 business days of: 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. 640/4/4 = 40 The Telephone Consumer Protection Act (TCPA) is the primary federal law governing the regulation of telephone solicitations. Which statement about the economic concept of demand is FALSE? Within how many days must a landlord notify a tenant of intentions to claim part of the security deposit? Use the actual number of days in the closing month when determining the time line. The TCPA restricts telephone solicitations (i.e., telemarketing) and the use of automated telephone equipment. The RE licensee is not eligible to make a claim against the Real Estate Recovery Fund. . illegal, because the amount of compensation exceeds the allowable amount. The purpose of the Do Not Call registry is to give consumers a choice regarding telemarketing calls. Which statement is TRUE? Calculate the developer's percentage of profit (round to nearest whole percentage point). Homestead property is exempted from forced sale to satisfy judgement liens for debts owing to personal loans, CREDIT CARD DEBT, etc. Servicing disclosure statement. B) Interest payments remain constant while principal payments increase. Limited partners must register with the FREC under the limited partnership name. a) The name on the real estate brokerage firm for which the associate works must be printed on the key rings b) As long as the sales associate is paying the entire cost of the rings, he can put any wording on them he chooses. Which statement is TRUE regarding the federal telemarketing law? Which type of listing allows the seller to list the property with other brokers? Which document must a prospective buyer of an existing (resale) condominium unit receive? Tax advantages of owning a home do NOT include A) deduction of hazard insurance expense on a principal residence. Which entity is a guarantor of mortgage-back securities? A buyer and seller enter into a contract for sale and purchase of a home. A complaint legally sufficient if it contains facts indicating that a violation of any of the following has occurred. 6. This arrangement is. (page 362), Jalousie - window is almost impossible to seal; therefore, it's the lease energy efficient. B) The Department of Veterans Affairs partially guarantees VA mortgage loans. Tenancy in Common (no right of survivor ship, heirs inherit), Remainderman - 3rd party fee simple ownership at end of life estate by wife.
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